1. Which documents contains the regulations relating to the internal management of a company?
a) Memorandum of Association
b) Articles of Association
c) Both (a) and (b)
d) None
2. Company is managed by
a) Shareholders
b) Board of Directors
c) Karta
d) Both(a)&(b)
3. A The most important document of a company is its __________
a) prospectus
b) annual report
c) memorandum of association
d) articles of association .
4. The rules and regulations for the internal management of a company are contained in its_______.
a) prospectus .
b)annual report
c) memorandum of association
d) articles of association .
5.The union government may appoint such number of directors in a company as it may deem necessary
a) at its own initiative .
b) on the application of least 100 members of the company
c) on the application of members holding at least 10% voting rights
d) any of the above .
6. A director’s election takes place in a general meeting through a separated Resolution passed by a _______ majority
a) single.
b) two-thirds.
c) three-fourths.
d) five-sixths .
7. Which of the following is beyond the powers of the board of directors?
a) To issue debentures
b) To make loans
c) To remit the payment of any debt due by a director
d) to issue prospectus.
8. The minimum subscription is to be received within ______days of the offer.
a) 30.
b) 60
c) 120.
d) 150.
9. A share certificate once issued by the company binds it in two ways, namely by estoppel as to title and ___________.
a) by estoppel as to payment
b) by estoppel as to profit.
c) by estoppel as to dividend
d) None
10. Share capital of a company means __________.
a) equity share capital
b) preference share capital
c) equity and preference share capital .
d) equity and preference share capital and debentures.