41 questions from 15 papers
A Prospectus which does not include complete particulars of the quantum or price of the securities included therein is known as:
When there is no profit in one year or the profit of a company is not enough to pay the fixed divided on preference shares, the arrears of dividend are to be carried forward and paid before a dividend is paid on the ordinary shares. This is called:
In which case Justice J.C. Shah of Supreme Court observed “Since by the exercise of the power a serious invasion is made upon the rights, privacy and freedom of the tax payer, the power must be exercised strictly in accordance with law and only for the purpose for which law authorises it to be exercised”.
Which Court or Authority has the power to punish any person for contempt of the National Company Law Tribunal:
An associate company, in relation to another company, means:
Health and education cess is applicable to-
Section 8 of the Companies Act; 2013 contains provision relating to-
The verification of the registered office shall be furnished to the registrar within a period of incorporation-
A company wishes to ensure that no one else can use their logo-
A company which is not a domestic company will pay income tax at the rate of:-
A is a tradesman in Ahmedabad, B carries on business in Delhi. B, by his agent in Ahmedabad, buys goods of A and requests A to deliver them to the Western Roadways Transport Company. A delivers the goods accordingly in Ahmedabad. A may sue B for the price of the goods
“Doctrine of lifting of or piercing the corporate veil” is associated with
‘Specified person’ under Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 means any person other than ______
In which situation will a one person company (OPC) mandatorily get converted into private or public company?
What is the minimum number of directors required for a public company as per the Companies Act, 2013?
As per Section 2(84) Share means share in the share capital of a Company and includes: (1) Debentures (2) Preference Shares (3) Stocks (4) Bonds
Section 43 of the Companies Act, 2013 provides for _______.
Upon failure to hold Statutory Meeting, the penalty for the defaulting Company shall be-
Free transferability of shares is mandatory in a-
Amalgamation of Companies in National Interest is dealt under-
A private limited company limits the number of members to
Trading activities of a company were stopped temporarily in view of the trade depression with an intention to continue the same when the conditions improve. A petition was preferred into the Tribunal for winding-up of the company. The petition
Under the Companies Act, 2013, any company having a net worth of rupees 500 crore or more or a turnover of rupees 1,000 crores or more or a net profit of rupees 5 crore or more should mandatorily spend ____ of their net profits per fiscal on Corporate Social Responsibility activities
The Companies Act, 2013 has increased the limit of the number of members in Private Company from 50 to-
The Standards on Auditing have been accorded legal sanctity in the Companies Act, 2013 and would be subject to notification by the-
The Companies Act of 1956 accords recognition only to accounting standards whereas under Section 2(7) of the Companies Act of 2013 the recognition is accorded to both accounting and_____standards.
Companies Act, 2013 allows the formation of
_______of the Companies Act, 2013 requires disclosure in the prospectus of names and addresses of CFO about sources of promoters’ contribution among other things.
How is the net worth of a foreign Company calculated for the purpose of Corporate Social Responsibility?
Who among the following is authorized to issue regulations regarding shelf prospectus:
Which of the following services cannot be provided to the Company by an auditor appointed under the provisions of the Companies Act, 2013
The provisions of _____ do not apply to trade unions registered under the provisions of Trade Unions Act, 1926.
Who is liable to pay compensation in case of death or permanent disablement?
Which of the following Companies will have to constitute Corporate Social Responsibility Committee under the Companies Act, 2013
Minimum number of members required to apply for Incorporation Certificate in a Public Ltd. Company is:
‘A’ does not fall under the clause of Memorandum of Association. ‘A’ here is:
The Minimum number of persons required to incorporate a Public Company is:
A Private company can commence business as soon as it receives:
What is the maximum number of partners in Banking business?
In the following question, a Statement is followed by two Conclusions, I and II. Statement:As per Section 157 of the Companies Act, 2013 every company must, within fif- teen days of receiving intimation under Section 156, furnish the Director Identification Number (DIN) of all its Directors to the Registrar with prescribed fees. Failure to comply attracts penalties. Conclusions:I. If a company fails to furnish the DIN, it can be penalized. II. Every officer of the company in default is also liable for penalties. In the context of the above Statement and Conclusions, which one of the following is correct?