Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Companies Act -5

1) An ordinary resolution at a general meeting of the shareholders is sufficient for.

(A) Reduction of share capital. 
(B) Issue of shares at a discount.
(C) Creation of reserve capital. 
(D) All the above.

2) Who among the following has no right to speak at the AGM?

(A) Chairman of the company.
(B) Whole time director of the company.
(C) Proxy holders.
(D) None of the above, as everybody has the right to speak at the AGM.

3) Voting in a company Meeting can be through.

(A) Ballot. 
(B) Raising hands.
(C) Raising voice. 
(D) All of these.

4) Which document should be annexed to the notice of the statutory meeting?

(A) Statutory report. 
(B) Proxy form.
(C) Explanatory statement. 
(D) Both (a) and (b).

5) The first Chairman is generally.

(A) Elected by the Board of directors. 
(B) Elected by the members.
(C) Named in the Article. 
(D) Named in the Memorandum.

6) East India Company is an example of.

(A) Statutory Company. 
(B) Registered company.
(C) Chartered company. 
(D) None of these.

7) Where there is a non-executive chairman, at least …..of board should comprise of independent directors.

(A) 1/3 
(B) 2/3 
(C) ½ 
(D) none of these

8) The Whistle Blower Policy was recommended by…………….

(A) N.R.Narayana Moorthy 
(B) Anil Ambani
(C) Chris Gopalakrishnan 
(D) Asim Premji

9) Audit Committee shall meet at least ………..times a year

(D) 3

10. A public company is one which has a minimum paid up capital Rs ........ lakhs.

(D) 10

MCQs on Companies Act -3

1) Converting a public company into a private company requires a special resolution.

(A) Passed by the members and with sanction of the central Government.
(B) Passed by the members and approved by the Registrar of companies.
(C) Passed by the members and approved by the company Law Tribunal.
(D) Passed by the members and approved by the auditors.

2) In which of the following conditions, a company will be reckoned a foreign company?

(A) If the company is established outside India and has a place- of business in India.
(B) A company incorporated outside India having shareholders who are all Indian citizens and having its business outside India.
(C) A company incorporated in India but having all foreign shareholders.
(D) Both (a) and (b).

3) Legal position of a promoter of a company is.

(A) That of an agent. 
(B) That of a trustee.
(C) That of a solicitor. 
(D) In a fiduciary capacity.

4) A company is said to have been registered when?

(A) It files Memorandum of association and Articles of Association.
(B) It gets incorporation certificate with the Registrar of Companies.
(C) It gets certificate for commencement of business.
(D) It actually starts its business.

5) A private Limited company commences business.

(A) At any time.
(B) After obtaining the certificate of incorporation.
(C) After obtaining the certificate to commence business.
(D) None of the above.

6) Certificate of commencement of business is not required by.

(A) A public company.
(B) A private company.
(C) Both public and private companies.
(D) private company subsidiary to a public company.

7) The companies (Amendment) Act , 2000 provides new section 292 A for constitution of audit committees by every public company having a paid up capital of.

(A) Rs.10 lakh or more. 
(B) Rs. 50 lakh or more.
(C) Rs.1 crore or more. 
(D) Rs.50 million or more.

8) An Audit Committee may include.

(A) Auditors. 
(B) Company Secretary.
(C) Non- executive Directors. 
(D) All.

9) Which of the following reports included clause 49 in the listing agreement.

(A) Sabhanayagam Report. 
(B) Kumaramangalam Birla report.
(C) Narasimham Report. 
(D) L.C. Gupta Report.

10) Audit committee shall act in accordance with the terms of reference to be specified by.

(A) Statutory Auditors. 
(C) Board of Directors. 
(D) Central Government.

MCQs on Companies Act -4

1) A person cannot be a director of more than …………… as per the Companies (Amendment) Act, 2000.

(A) 5 companies. 
(B) 10 companies.
(C) 15 companies. 
(D) 20 companies.

2) The remuneration payable to a whole time director of the company should not exceed.

(A) 5% of the net profits. 
(B) 6 % of the net profits.
(C) 7 % of the net profits. 
(D) 10% of the net profits.

3) The first directors of a public company are appointed by the.

(A) Public. 
(B) Shareholders. 
(C) Promoters. 
(D) Government.

4) According to the companies Act, 1956 a Private limited company must have at least ………… directors.

(A) Seven. 
(B) Three. 
(C) Two. 
(D) One.

5) Maximum managerial remuneration permissible under the Companies Act, 1956 for public limited companies is.

(A) 10% of the net profits.
(B) 5% of net profit.
(C) 11% of net profit. 
(D) 8% of net profit.

6) Under the companies Act, which one of the following powers can be exercised by the Board of Directors?

(A) Power to sell the company’s undertakings.
(B) Power to make call.
(C) Power to borrow money in excess of the paid up capital.
(D) Power to reappoint an auditor.

7) Who may be appointed as a director of a company?

(A) An individual. 
(B) A body corporate.
(C) A firm. 
(D) An association.

8) The nominal value of the qualification shares of a director must not exceed.

(A) Rs. 1000
(B) Rs.2000.
(C) Rs.4000.
(D) Rs. 5000 or the nominal value of one share where it exceeds Rs.5000.

9) According to section 255 of the companies Act, the Directors must be appointed by the.

(A) Central Government.
(B) Company Law Tribunal.
(C) Company in General Meeting.
(D) Board of Directors.

10) The Board of Directors can exercise the power to appoint directors in the case of.

(A) Additional Directors. 
(B) Filling up the Casual vacancy.
(C) Alternate Directors. 
(D) All the above.