Company Law -1
Core concepts of Company Law including Memorandum of Association, company types, capital, shares, and company secretary
Questions
Directions: Choose the correct option for the given question.
Native Clause is also known as
- registered office clause
- situation clause
- both 1 and 2
- none of these
Directions: Choose the correct option for the given question.
The term ‘Illegal Association’ is defined by
- Partnership Act
- Companies Act
- Sale of Goods Act
- None of these
What are the remunerations that can be availed to the Promoter?
- Commission on the purchase price
- A lump sum either in cash or in the form of shares
- Both (1) and (2)
- None of these
Directions: Choose the correct option for the given question.
Doctrine of constructive notice is exception to
- Doctrine of indoor management
- Doctrine of ultra vires
- Both (1) and (2)
- None of these
Which of the following statement(s) is/are correct in connection with the appointment of first secretary?
(i) The first Secretary has been appointed by Promoter.
(j) His name should be mentioned in Articles of Association.
(k) His appointment should be confirmed by Board of Directors.
- (i) and (j)
- (i) and (k)
- (j) and (k)
- all of the above
Directions: Choose the correct option for the given question.
Section 43A Company means
- Public Co. converted as private company
- Private Co. converted as public company
- Conversion by default
- None of these
Directions: Choose the correct option for the given question.
State Bank of India is an example of a
- Registered Co.
- Guarantee Co.
- Unlimited Co.
- None of these
Directions: Choose the correct option for the given question.
Table E means
- Memorandum of Association of Co. of limited by shares
- Memorandum of Association of Co. of limited by guarantee and having share capital
- Memorandum of Association of Co. of unlimited company
- None of these
Directions: Choose the correct option for the given question.
Nominal Capital is also known as
- registered capital
- authorised capital
- both (1) and (2)
- none of these
Directions: Choose the correct option for the given question.
Which of the following certificates is/are required for a private company?
- Certificate of Incorporation
- Certificate of Commencement of Business
- Both (1) and (2)
- None of these
Directions: Choose the correct option for the given question.
Capital clause is not required in Memorandum of Association of ______ Co.
- unlimited
- registered
- guarantee
- none of these
Directions: Choose the correct option for the given question.
Shelf prospectus means
- prospectus issued by Issue House
- prospectus issued by Financial Co.
- prospectus issued by Issuing Co.
- none of these
Which of the following statement(s) is/ are not correct in connection with ‘deferred shares’?
(i) It is also known as Founders' shares.
(j) This type of shares are offered only to promoters.
(k) Prohibited to issue deferred shares by Public Co.
- (i) and (j)
- (i) and (k)
- (j) and (k)
- none of these
Directions: Choose the correct option for the given question.
Which of the following is an alteration of Memorandum of Association?
- Change of one premises or building to another premises or building within the city.
- Change of headquarters from one place to another within the same state.
- Change of headquarters from one state to another state.
- None of these
What are the legal positions of the company secretary?
(i) As a servant of the company
(j) As an agent of the company
(k) As an officer of the company
- (i) and (j)
- (i) and (k)
- (j) and (k)
- all of the above