1.Minimum no. of Directors in case of private company is ________________
a) 1
b) 2
c) 3
d) 4
2.If the company failed to refund application money with in 130 days from the date of issue of prospectus on non-receipt of minimum subscription who will be personally liable.
a) Company
b) Directors
c) Shareholders
d) None of these
3. A company is named as govt. company if it is holds_________ % of paidup share capital
a) more than 30
b) more than 40
c) more than 50
d) None
4. _______ % of shares should be held by a company in another company so as to become subsidiary
a) more than 50
b) more than 40
c) more than 30s
d) more than 20
5.In case of Non -Profit making Companies books of accounts are required to be preserved for _____ years
a) 2
b) 4
c) 6
d) 8
6.Accepting of deposits from public in case of private company is
a) Prohibited
b) Restricted
c) Acceptabl
d) None of these
7. XYZ Co. is a holding of XZ Pvt. Company. XZ Co. issued deferred shares. The issue is valid or void
a) Valid
b) Void
c) Situation does not arise
d) None
8. Stamp duty on registration of the company is payable based on____________ capital
a) Nominal
b) Authorized
c) Both (a) & (b)
d) None
9. ____ are the shares issued by the company to it employees or directors for consideration other than cash
a) Bonus
b) Sweat
c) Right
d) None of the above
10. ________ resolution should be passed by the company to offer shares to outsiders
a) Special resolution
b) Ordinary resolution
c) C.G
d) None of the above