Tag: company

Questions Related to company

What is not false for dormant company?

  1. It is registered for future project

  2. It is registered under Companies Act, 1956

  3. It is registered as dormant company under Companies Act, 1956

  4. None of the above


Correct Option: A

A hospital does some charity work although it was not obliged to do so. What will be true?

  1. It will be considered a CSR activity

  2. Hospitals are not required to do CSR activity

  3. It will not be considered a CSR activity

  4. None of the above


Correct Option: A

Statutory body created for accounting norms under CA 2013 is _______.

  1. NFRA

  2. NCLT

  3. SF10

  4. CRA


Correct Option: A

Is CSR applicable to Foreign Companies?

  1. No

  2. Yes

  3. Nothing Specified

  4. It is Voluntary


Correct Option: B

For a company to be a small company _____________.

  1. its paid up capital is less than 50 lakh

  2. its paid up capital is 50 lakh

  3. its turnover is 3 core

  4. both a and c


Correct Option: A

Where a fraudulent and dishonest use is made of the legal entity, the Court will break through the corporate shell and apply the principle of what is known as _______

  1. Shifting of the corporate personality

  2. Doctrine of privity of contract

  3. Piercing through the corporate veil

  4. Doctrine of unjust enrichment


Correct Option: C

Private companies need not to register its own Article.

  1. True

  2. False

  3. Partly true

  4. Partly false


Correct Option: B

Final accounts of companies are prepaid according to_________of the companies Act,2013.

  1. Schedule VI

  2. Schedule V

  3. Schedule II

  4. Schedule III


Correct Option: D

Power/ duties of Auditors apply _______to Company Secretary in Practice conducting secretarial audit.

  1. Mutatis Mutandis

  2. Mutains Mutandis

  3. Mutatis Mutantis

  4. None of the above


Correct Option: A

The 'Doctrine of Indoor Management' provides protection to the ___________.

  1. Board of Directors

  2. Shareholders

  3. Managing Director

  4. Outsiders


Correct Option: D
Explanation:

In simple words, the doctrine of indoor management means that a company's interior associations are the company's difficulty. As a result, this regulation of interior organization is important to people dealing with a company through its directors or other persons. 

Where the doctrine of productive notice protects a company against outsiders, the doctrine of indoor management protects outsiders against the actions of a company. This doctrine also is a feasible safeguard against the possibility of abusing the doctrine of productive notice.

Thus, the correct option is D.