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1. The application for registration of a company should be presented to the registrar of the state in which the _______________ of the company is to be situated.
(a) Manufacturing plant
(b) The first branch
(c) Business office
(d) Any of the above
2. Among the following documents, which are not mandatory to be submitted to the registrar along with an incorporation application by a private company?
(a) Address of registered office and undertaking
(b) Undertaking and statement of capital
(c) Statement of capital, address of the office, and list of directors
(d) List of directors and statement of capital
3. If a company is instructed to change its name, which resembles the name of an existing company then the company can change the name by ______.
(a) Passing a special resolution
(b) Obtaining permission from the Central Government
(c) Passing an ordinary resolution
(d) Both a and b
4. If the proposed nominal capital is more than 25 lakh at the time of incorporation, then the company needs to submit ________________ along with the application.
(a) Statement of capital
(b) Certificate of incorporation
(c) Certificate of capital
(d) Certificate of incorporation
5. _________ are companies created by a special act of the legislature.
(a) Registered company
(b) Public Ltd Company
(c) Private Ltd company
(d) Statutory company
6. A Government Company means any company in which not less than 51% of the paid-up share capital is held by _____.
(a) Central Government
(b) State Government
(c) Both a and b
(d) Neither a nor b
7. Minimum number of members to form a private company is
(a) 2
(b) 3
(c) 5
(d) 7
8. Minimum number of members to form a public company is
(a) 5
(b) 7
(c) 12
(d) 21
9. Application for approval of name of a company is to be made to
(a) SEBI
(b) Registrar of Companies
(c) Government of India
(d) Government of the State in which Company is to be registered
10. A proposed name of Company is considered undesirable if
(a) It is identical with the name of an existing company
(b) It resembles closely with the name of an existing company
(c) It is an emblem of Government of India, United Nations etc.
(d) In case of any of the above
11. A prospectus is issued by
(a) A private company
(b) A public company seeking investment from public
(c) A public enterprise
(d) A public company
12. Stages in the formation of a public company are in the following order
(a) Promotion, Commencement of Business, Incorporation, Capital Subscription
(b) Incorporation, Capital Subscription. Commencement of Business, Promotion
(c) Promotion, Incorporation, Capital Subscription, Commencement of Business
(d) Capital Subscription, Promotion, Incorporation, Commencement of Business
13. Which of the following clause of the Memorandum of Association cannot be altered?
(i) Name
(ii) Object
(iii) Situation
(iv) Liability
14. The Prospectus must be issued to the public within___ days of its date
(i) 30
(ii) 60
(iii) 90
(iv) 100
15. A proposed name of Company is considered undesirable if
(i) It is identical with the name of an existing company
(ii) It resembles closely with the name of an existing company
(iii) It is an emblem of Government of India, United Nations etc.
(iv) In case of any of the above
16. Minimum number of members to form a public company is
(i) 5
(ii) 7
(iii) 12
(iv) 21
17. Men may come and men may go but the company exist”- this explains which characteristics of the company as per companies Act 1956
(i) Separate legal entity
(ii) Perpetual Succession
(iii) Capacity to sue
(iv) None of the above
18. A prospectus is issued by
(i) A private company
(ii) A public company seeking investment from public
(iii) A public enterprise
(iv) A public company
19. An incorporated company may be a company:
a) Limited by shares
b) Limited by guarantee
c) An unlimited company
d) All of the above
20. Pre-incorporation contracts are entered into by:
a) Members
b) Directors
c) Promoters
d) Shareholders
21. The process of incorporation of a company is carried out by:
a) Members
b) Directors
c) Promoters
d) Shareholders
22. Which of the following is true about pre-incorporation contract?
a) Company is not bound by the preliminary contract after registration.
b) A company cannot enforce the preliminary agreement.
c) A registered company cannot ratify the pre-incorporation contract.
d) All of the above
23. What is known as charter of a company?
a) MOA
b) AOA
c) Prospectus
d) Certificate of incorporation
24. Which one of the following statement is false?
a) A private as well public company without a share capital can start its business immediately after getting the certificate of incorporation.
b) All private and public companies having a share capital is required to obtain certificate of commencement of business to start its business.
c) A company can be created without incorporation.
d) One person company can be formed by only one person.
25. The certificate of incorporation is conclusive evidence that:
a) All the requirements for registration have been duly complied with.
b) The company is duly registered.
c) The company came into existence from the date mentioned in the certificate.
d) All of the above