Top 150+ Solved Regulatory Framework for Companies MCQ Questions Answer
Q. Tribunal may appoint the official liquidator to be the liquidator provisionallyat any time.
a. after the presentation of petition for winding up.
b. after making the winding up order.
c. after dissolution.
d. before the statutory meeting.
Q. The official liquidator after receipt of statement of affairs of the companymust submit a preliminary report to the Tribunal not later than ……………. of the order.
a. 6 month.
b. one year.
c. two weeks.
d. one month.
Q. On a winding up order being made, the company’s property comes underthe custody of.
a. liquidator.
b. tribunal.
c. central government.
d. share holders.
Q. As per Sec.457, the statutory powers of the liquidator can be exercised.
a. with the sanction of tribunal.
b. without the sanction of the tribunal.
c. some with and some without such sanction.
d. with the sanction of the central government.
Q. In the event of Company being wound up the Tribunal shall prepare list ofcontributories into.
a. list
b. list b.
c. list a and list b.
d. list a or list b.
Q. One of the following is the instance where the just and equitable clause forwinding up can be adopted by the Tribunal.
a. oppression of minority by the majority.
b. inability to pay debts.
c. commercial insolvency.
d. reduction of members below minimum.
Q. As per Sec.488, Declaration of Solvency of company by the Directors in thecase of voluntary winding up may be made within.
a. 5 weeks of passing resolution.
b. one month.
c. 6 months.
d. none of these.
Q. The object of winding up of a company by the Tribunal is.
a. to facilitate the protection of its assets.
b. to convert the company into private company if it is a public company.
c. to convert the company into public company if it is a private company.
d. to change the memorandum and articles.
Q. A voluntary winding up means winding up by.
a. members or creditors.
b. members or contributors.
c. contributories or creditors.
d. share holders or tribunal.
Q. Statutory meeting of the company must be held within.
a. one month of obtaining the certificate to commence business.
b. 3 months of obtaining the certificate to commence business.
c. 6 months of obtaining the certificate of incorporation.
d. 6 months of obtaining the certificate to commence business.
Q. Notice of the statutory meeting to all the members of the company isrequired to be sent at least.
a. 14 days before the date of meeting.
b. 21 days before the date of the meeting.
c. 25 days before the date of the meeting.
d. 30 days before the date of the meeting.
Q. Statutory meeting of the company is held.
a. every year.
b. after every two years.
c. once in the life time of the company.
d. every year at the discretion of the board of directors.
Q. Statutory meeting is not to be held if a new company is a .
a. public limited company.
b. government company.
c. private company (limit
d. . (d) fera company.
Q. The first annual general meeting of the company must be held within.
a. 12 months from the date of incorporation.
b. 12 months from the date of commencement of business.
c. 18 months from the date of its incorporation.
d. 18 months from the date of commencement of business.
Q. The interval between two annual general meetings should not be more than.
a. 12 months.
b. 15 months.
c. 18 months.
d. 20 months.