1. Deposits should issued with in__________ weeks from the date of receipt of money.
a) 2
b) 4
c) 6
d) 8
2. If minimum subscription is not received application money should be refunded with in _____ days
a) 10
b) 25
c) 30
d) 20
3. Information memorandum + shelf prospectus together constitutes_____
a) Memorandum
b) Articles
c) Prospectus
d) None of the above
4. In the event of appointing a proxy joint holders shall sign the proxy form
a) Singularly
b) Jointly
c) None of the above
d) both (a) & (b)
5. Minimum number of members in case of private company is
a) 1
b) 2
c) 3
d) 4
6. Maximum no .of members in case of public company is
a) unlimited
b) 0
c) 50
d) 100
7. Which one of the following has a right to claim compensation for any loss due to mis-statement in prospectus
a) Purchasing shares in Primary Market
b) Secondary Market
c) Subscribers to memo
d) All the above
8. The liability of members if company is limited by guarantee.
a) Unpaid value of shares
b) Guarantee amount
c) Unlimited liability
d) None of the above
9. ______ years of imprisonment will be imposed in case of issue of prospectus with untrue statements
a) 1
b) 2
c) 3
d) 4
10. The liability of members if company is limited by shares
a) Unpaid value of shares
b) Guarantee amount
c) Unlimited liability
d) None of the above