Description : Articles of Association of a company can be altered by– (A) An ordinary resolution (B) A resolution with a special notice (C) A special resolution (D) None of the above
Last Answer : Answer: A special resolution
Description : Articles of Association can be altered by passing– (A) An ordinary resolution in Annual General Meeting (B) A special resolution in Annual General Meeting (C) A resolution with special notice (D) Without any resolution
Last Answer : Answer: A special resolution in Annual General Meeting
Description : The Secretary of a Company should file copies of Special Resolution passed at Extraordinary General Meeting to the Registrar of Companies within– (A) 7 days (B) 14 days (C) 21 days (D) 30 days
Last Answer : Answer: 30 days
Description : Which of the following companies do not have the obligation to get its Articles of Association registered along with the Memorandum of Association ? (A) Public Company limited by shares (B) Unlimited companies (C) Private companies limited by shares (D) Companies limited by guarantee
Last Answer : Answer: Public Company limited by shares
Description : Which among the following documents defines the relationship between a company and outsiders ? (A) Memorandum of Association (B) Articles of Association (C) Prospectus (D) None of the above
Last Answer : Answer: Memorandum of Association
Description : Appointment of a person who is a Director, as a Secretary in the Company would require approval of the company by– (A) Special Resolution (B) Ordinary Resolution (C) Resolution by circulation (D) None of the above
Last Answer : Answer: Special Resolution
Description : The aims and objectives of a company are stated in the _____________ clause of the Memorandum of Association.
Last Answer : The aims and objectives of a company are stated in the _____________ clause of the Memorandum of Association. (a) Name (b) Object (c) Domicile
Description : Alteration of objects clause of MOA of a company requires A. Special resolution B. Approval of CLB C. Ordinary resolution D. Approval of ROC
Last Answer : A. Special resolution
Description : A special resolution is passed in a company meeting by– (A) Simple majority (B) 2/3 majority (C) 3/4 majority (D) None of the above
Last Answer : Answer: 3/4 majority
Description : Memorandum of association governs the relationship of the company: A. With the outside world B. With the shareholders C. With other companies D. of the above
Last Answer : A. With the outside world
Description : Which of the following apex body and regulators has asked banks to swap customer related information so that the frauds and defaults may be prevented in future? (A) Bombay Stock Exchange (BSE) (B) Indian Banks ... (IBA) (C) Securities Exchange Board of India (SEBI) (D) Reserve Bank of India (RBI)
Last Answer : Answer: Reserve Bank of India (RBI)
Description : Consumers cooperative store is set up by the– (A) Central Government (B) State Government (C) Registrar of Cooperative Societies (D) Members
Last Answer : Answer: Members
Description : Where does an auditor of a cooperative society submit the audit report ? (A) To the managing committee of the society only (B) To the Registrar of Cooperative Societies of the State concerned only (C ... (D) To the Registrar of Cooperative Societies of the State concerned and a copy to the society
Last Answer : Answer: To the Registrar of Cooperative Societies of the State concerned only
Description : Which is the most important clauses of the memorandum?
Last Answer : The object clause
Description : The first directors of a company are appointed by– (A) Promoters (B) Government (C) Shareholders (D) Company Law Board
Last Answer : Answer: Promoters
Description : The Domicile clause of the Memorandum of Association states about the _________ of a company.
Last Answer : The Domicile clause of the Memorandum of Association states about the _________ of a company. (a) capital (b) liability (c) registered address
Description : Any person aggrieved by any decision or order of the National Company Law Appellate Tribunal can appeal to which one of the following and within how much period ? (A) High Court, within 30 days (B) ... Court within 60 days (C) SEBI within 90 days (D) Department of Companies Affairs within 60 days
Last Answer : Answer: Supreme Court within 60 days
Description : Members of a company may apply to which one among the following for relief under the Companies Act, 1956 in cases of oppression ? (A) Central Government (B) High Court of Judicature (C) National Company Law Tribunal (D) National Company Law Appellate Tribunal
Last Answer : Answer: National Company Law Tribunal
Description : The capital issues of public limited companies are subject to guidelines issued by– (A) Reserve Bank of India (B) Central Government (C) Central Bank of India (D) Securities & Exchange Board of India (SEBI)
Last Answer : Answer: Securities amp; Exchange Board of India (SEBI)
Description : (i) The member who is the subscriber to the Memorandum of Association of a company is a shareholder.
Last Answer : State whether the following statements are True or False. (i) The member who is the subscriber to ... v) Transfer of shares is by operation of law.
Description : In case of public limited company, after getting the-----------the company can start the business A. Memorandum of Association B. Table A C. Certificate of commencement of business D. Articles of Association
Last Answer : C. Certificate of commencement of business
Description : Memorandum of association contains: A. The exact address of the registered office B. The name of the state in which the company will have its registered office C. The name of the country in which the company will have its registered office
Last Answer : B. The name of the state in which the company will have its registered office
Description : The charter of a company is its ______. A. prospectus. B. statement lieu of prospectus. C. memorandum of association. D. articles of association.
Last Answer : A. prospectus.
Description : Memorandum of association of a firm contains _______. A. rules regarding the internal management of the company. B. rules regarding the constitution and activities of the company. C. rules regarding the external management. D. rules regarding the constitution.
Last Answer : B. rules regarding the constitution and activities of the company.
Description : A public corporation is set up– (A) By a Special Act of Parliament (B) By a special order of the Government (C) Under Indian Companies Act, 1956 (D) By none of the above
Last Answer : Answer: By a Special Act of Parliament
Description : Some organizations have escalator clause in their labour agreements. What does this clause provide for ? (A) Automatic increase in wage/salary depending on seniority (B) Wage increase depending on output ... index (D) Automatic increase in wage/salary depending on increase in profits of the firm
Last Answer : Answer: Automatic increase in wage/salary depending on increase in profits of the firm
Description : Convening meetings of a company is the responsibility of the– (A) Chairman, Board of Directors (B) Managing Director (C) Company Secretary (D) General Manager
Last Answer : Answer: Company Secretary
Description : Appointment of a Company Secretary is made by– (A) Promoters (B) Board of Directors (C) Debenture holders (D) Government
Last Answer : Answer: Board of Directors
Description : A vacancy caused by the resignation of the auditor is filled only by the– (A) Board of Directors of the Company (B) Central Government (C) General Meeting of the shareholders (D) Managing Director of the company
Last Answer : Answer: General Meeting of the shareholders
Description : A company can change its name at its own discretion by passing _________ A. Ordinary resolution B. Special resolution C. Boards resolution D. None of the above
Last Answer : C. Boards resolution
Description : Who can be appointed as a Company Secretary under the Companies Act, 1956 ? (A) An individual (B) A partnership firm (C) A company (D) None of the above
Last Answer : Answer: An individual
Description : Under Section 275 of the Companies’ Act, 1956 a person can become director in public company of not more than– (A) 5 companies (B) 10 companies (C) 15 companies (D) 20 companies
Last Answer : Answer: 15 companies
Description : Appointment of full time Company Secretary is compulsory in all those companies, whose paidup share capital is– (A) Rs. 50 lakhs or more (B) Rs. 1 crore or more (C) Rs. 2 crores or more (D) Rs. 3 crores of more
Last Answer : Answer: Rs. 2 crores or more
Description : Which, institution is known as the ‘Soft Loan Window’ of World Bank ? (A) I.F.C. (International Financial Corporation) (B) I.D.A. (International Development Association) (C) I.M.F. (International Monetary Fund) (D) Indian Development Forum
Last Answer : Answer: I.D.A. (International Development Association)
Description : An association of cement manufacturers is an example of– (A) Diagonal combination (B) Vertical combination (C) Horizontal combination (D) Lateral combination
Last Answer : Answer: Horizontal combination
Description : Minimum number of persons who has to sign the Memorandom of association?
Last Answer : Seven persons in the presence of one witness
Description : The object of ‘Agenda’ is to inform– (A) About the profitability and activity (B) About the progress of company (C) About the matter in sequence to be discussed in the meeting (D) About the routine matters
Last Answer : Answer: About the matter in sequence to be discussed in the meeting
Description : Statement containing details of items to be considered in a meeting is called– (A) Agenda (B) Minutes (C) Resolution (D) Notice
Last Answer : Answer: Agenda
Description : The association clause of a public company must be signed by: A. 10 persons B. 12 persons C. 7 persons D. 5 persons
Last Answer : C. 7 persons
Description : Match the pair : Group ‘A’ (a) Memorandum of Association
Last Answer : Match the pair : Group A' Group B' (a) Memorandum of Association (1) Letter ... Collecting bank deposits (10) Determining issue price of shares
Description : Which document is called as ‘Doctrine of Outdoor Management’? a. Memorandum of Association b. Article of Association c. Prospectus d. Certificate of Commencement.
Last Answer : a. Memorandum of Association
Description : Which parameter specified in the DEFAULT STORAGE clause of CREATE TABLESPACE cannot be altered after creating the tablespace?
Last Answer : All the default storage parameters defined for the tablespace can be changed using the ALTER TABLESPACE command. When objects are created their INITIAL and MINEXTENS values cannot be changed.
Description : The basic aim of Securities and Exchange Board of India (SEBI) is to- (A) Develop an effective and efficient monitoring and control system for the Indian Capital Market (B) To help Bombay Stock Exchange ... To help National Stock Exchange of India Ltd. only (D) To help OTC Exchange of India only
Last Answer : Answer: Develop an effective and efficient monitoring and control system for the Indian Capital Market
Description : The Meeting of Board of Directors must be called at least once– (A) In four months (B) In three months (C) In two months (D) In one month
Last Answer : Answer: In three months
Description : What is F.O.B (Free On Board)?
Last Answer : This includes cost of the goods and all other expenses to be incurred in placing the goods on board the ship.
Description : Ordinary Resolution and Special Resolution
Last Answer : Distinguish between the following. Ordinary Resolution and Special Resolution
Description : While auditing the financial statements of non-corporate enterprises, the auditor's duties and scope of work would be governed by- (A) the statute passed by the Parliament (B) the Companies Act, 1956, and ... (C) the agreement with his client. (D) the provisions of the Income Tax Act, 1961
Last Answer : Answer: the agreement with his client.
Description : When the existing companies raise additional funds by issue of shares to the existing shareholders in proportion to their existing shareholdings, it is called– (A) Buyback of shares (B) Issue of shares at premium (C) Issue of shares at discount (D) Right shares issue
Last Answer : Answer: Right shares issue
Description : What is the theory of social responsibility that focuses on how companies respond to issues, rather than trying to determine their ultimate social responsibility, called ? (A) Corporate social performance (B) Corporate social responsiveness (C) Stewardship principle (D) Enlightened self-interest
Last Answer : Answer: Corporate social performance