Company Law Questions and Answers Part-2

1. If the company failed to comply with the order of NCLT they will be punishable with fine and imprisonment up to
a) 2 years
b) 3 years
c) 4 years
d) none of these

Answer: b

2. Share warrants can be issued with the prior approval of the____
a) Company law board
b) Dept of company affairs
c) Registrar
d) None

Answer: c

3. Minimum no. of Directors in case of a public company is ___
a) 1
b) 2
c) 3
d) 4

Answer: c

4. Which of the following is not a member of a company?
a) Foreigner
b) Partnership firm
c) Government
d) HUF

Answer: b

5. Debentures payable to person whose name appears both on Debenture Certificate and company’s register is called
a) Bearer
b) Unregistered
c) Registered
d) None of the above

Answer: c

6. ___ is issued in acknowledgement of any indebtedness
a) Debenture certificate
b) Share certificate
c) Share warrant
d) None of the above

Answer: a

7. In case of Non-Profit making Companies notice of general meeting should be given with in _____ days
a) 14
b) 15
c) 21
d) 22

Answer: a

8. Which of the following is a right of the members of a company_____
a) Right to have share
b) Right Appoint Auditor
c) Right Appoint Director
d) All the above

Answer: d

9. Change in objects clauses can be effected
a) For any reason
b) For special reason only
c) to comply with C.G order
d) None of the above

Answer: b

10. Which of the following can issue the share warrant
a) Public
b) Private
c) Both (a) & (b)
d) None of the above

Answer: a