Top 150+ Solved Regulatory Framework for Companies MCQ Questions Answer
Q. All those who are dealing with the company are expected to know thecontents of the memorandum and articles. This doctrine is called……………………..
a. rule of majority
b. constructive notice
c. indoor management
d. public notice
Q. The famous case of Royal British Bank Vs Turquand laid down the ruleof………….
a. rule of majority
b. constructive notice
c. indoor management
d. public notice
Q. The new section 60A relates to…………
a. memorandum of association
b. articles of association
c. prospectus
d. shelf prospectus
Q. The management of every company is controlled by ………………..
a. manager
b. secretary
c. director
d. none of these
Q. As per Sec.274, a person shall not be appointed as director if he is foundto be of unsound mind by………
a. manager
b. a court of competent jurisdiction
c. board of directors
d. none of these
Q. As per Sec 260, the additional directors are entitled to hold office onlyupto next ………… meeting
a. board
b. annual general
c. departmental
d. statutory
Q. A director who is interested in any transaction of the company is bound todisclose his interest to………
a. manager
b. secretary
c. employees
d. board of directors
Q. Any breach of duty in the conduct of the company’s affairs which causesloses to the company is called
a. misfeasance
b. negligence
c. breach of fiduciary duty
d. mala fide acts
Q. According to sec 297, a director shall not enter into any contract with thecompany except with the consent of ……..
a. manager
b. secretary
c. employees
d. board of directors
Q. When a director does an act which is in excess of his powers andcompany suffers a loss … is liable to make good the loss
a. manager
b. secretary
c. director
d. board of directors
Q. The new Sec 60B introduced by the Companies (Amendment)Act 2000 isrelated to……..
a. articles of association
b. memorandum of association
c. prospectus
d. information memorandum
Q. The alteration of the objects of a company must be confirmed by theCompany law……..
a. board
b. act
c. tribunal
d. none of these
Q. Which of the following statements are true -
a. the charter of a company is its articles of association
b. the object clause is divided into three parts
c. every company should have its own articles
d. an advertisement can be treated as a prospectus