Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Companies Act -7

1.A company which has not commenced operation or which is not in operation or has no assets to dive is called……….company.

(A) public 
(B) private 
(C) sick 
(D) defunct



2.The presiding officer and every other member of a securities appellate tribunal shall hold office for a term of ………. Years from the date on which he enters upon his office.

(A) 
(B) 
(C) 
(D) 10



3. A transfer in which the signature of the transferor is forged is called…………transfer.

(A) blank 
(B) forged 
(C) mutual 
(D) none



4…………….transfer whereby the transferor hands over to the buyer the share certificate and a blank transfer deed.

(A) blank 
(B) forged 
(C) mutual 
(D) none



5.Which of the following is not true-

(A) RBI is an example of a statutory company
(B) Suit can be maintained in the name of a company
(C) LIC is an example of registered company
(D) The persons who form the company are called promoters



6. When a public company has issued prospectus without receiving the minimum subscription it is called……………

(A) splitting of allotment 
(B) return of allotment
(C) renunciation of allotment 
(D) irregular allotment



7. When a large block of shares has been allotted to a single person, the company may at his request, divide the original allotment letter into a number of small allotment letters. This is called

(A) splitting of allotment 
(B) return of allotment
(C) renunciation of allotment 
(D) irregular allotment



8. Many public companies provide in their articles for an allottee to give up the right over the shares allotted to him either wholly or partly and transfer the allotment made to him to some other person. This is known as…..

(A) splitting of allotment 
(B) return of allotment
(C) renunciation of allotment 
(D) irregular allotment



9.The number and nominal amount of shares allotted must be stated in……

(A) splitting of allotment 
(B) return of allotment
(C) renunciation of allotment 
(D) irregular allotment



10. The return of allotment must be filed with the registrar of companies within………….. of allotment

(A) 30 days 
(B) three months 
(C) 60 days 
(D) six months





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