1. Own funds are called
a) Debenture capital
b) Share capital
c) Loan capital
d) None of the above
2. If a new company get registered with a name which resembles the name of existing company then it should apply to whom?
a) NCLT
b) SEBI
c) ROC
d) None of the above
3. In case of red-herring prospectus the refund is made with an interest @_____
a) 12
b) 13
c) 15
d) 16
4. If the guarantee Co. having no share capital the liability of shareholders will be
a) To the extent of guarantee
b) Unpaid value of shares
c) Unlimited
d) None of the above
5. First AGM must be held within_____________ from the incorporation of the company
a) 12 months
b) 15 months
c) 18 months
d) None of these
6. The doctrine of__________ does not apply to acts void ab initio
a) Ultra virus
b) Intra virus
c) constructive notice
d) Indoor management
7. Cumulative preference share holders have voting right if dividend are in arrears for years
a) 1
b) 2
c) 3
d) 4
8. In case of Partly Convertible Debentures non-convertible portion is classified as_____
a) Debt
b) Equity
c) Both (a) & (b)
d) None of the above
9. Transmission is effected by
a) Sale
b) Death
c) Insolvency
d) Both (b) & (c)
10. Which of the following can be used for buy back of shares
a) Free reserves
b) Securities premium
c) Proceeds of fresh issue of shares
d) All of the above