Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Companies Act -11

1) In the event of Company being wound up the Tribunal shall prepare list of contributories into.

(A) List A. 
(B) List B.
(C) List A and List B. 
(D) List A or List B.



2) One of the following is the instance where the just and equitable clause for winding up can be adopted by the Tribunal.

(A) Oppression of minority by the majority.
(B) Inability to pay debts.
(C) Commercial insolvency.
(D) Reduction of members below minimum.



3) As per Sec.488, Declaration of Solvency of company by the Directors in the case of voluntary winding up may be made within.

(A) 5 weeks of passing resolution. 
(B) one month.
(C) 6 months. 
(D) None of these.



4) The object of winding up of a company by the Tribunal is.

(A) To facilitate the protection of its assets.
(B) To convert the company into private company if it is a public company.
(C) To convert the company into public company if it is a private company.
(D) To change the Memorandum and Articles.



5) A voluntary winding up means winding up by.

(A) Members or Creditors. 
(B) Members or Contributors.
(C) Contributories or Creditors. 
(D) Share holders or Tribunal.



6) Statutory meeting of the company must be held within.

(A) One month of obtaining the certificate to commence business.
(B) 3 months of obtaining the certificate to commence business.
(C) 6 months of obtaining the certificate of incorporation.
(D) 6 months of obtaining the certificate to commence business.



7) Notice of the statutory meeting to all the members of the company is required to be sent at least.

(A) 14 days before the date of meeting.
(B) 21 days before the date of the meeting.
(C) 25 days before the date of the meeting.
(D) 30 days before the date of the meeting.




8) Statutory meeting of the company is held.

(A) Every year.
(B) After every two years.
(C) Once in the life time of the company.
(D) Every year at the discretion of the Board of Directors.
  


9) Statutory meeting is not to be held if a new company is a .

(A) Public limited Company. 
(B) Government Company.
(C) Private Company (Limited). 
(D) FERA company.



10) The first annual general meeting of the company must be held within.

(A) 12 months from the date of incorporation.
(B) 12 months from the date of commencement of business.
(C) 18 months from the date of its incorporation.
(D) 18 months from the date of commencement of business.




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