MCQs on Companies Act -1

1. The term company is defined under which sec of the Act? 

(a) Section 2 (4)
(b) Section 4 (2) 
(c) Section 3 (1) 
(d) Section 1 (3)



2. Property of the company belongs to 

(a) Company 
(b) Share holders 
(c) Members 
(d) Promoters


3. Which company shares can be freely transferable 

(a) Private Company 
(b) Public Company 
(c) Both (a) & (b) 
(d) None of the above



4. Minimum number of members in case of public company 

(a)
(b)
(c)
(d) 7



5. Minimum number of members in case of private company is 

(a)
(b)
(c)
(d) 5


6. Maximum no. of members in case of private company is 

(a) 50 
(b) 100 
(c) 150 
(d) 200



7. Maximum no .of members in case of public company is 

(a)
(b) unlimited 
(c) 50 
(d) 100



8. How many months did the company can continue its business u/s 45 _______ 

(a)
(b)
(c)
(d) 6



9. Minimum subscription should be received with in ______days 

(a) 130 
(b) 125 
(c) 120 
(d) 135 



10. If minimum subscription is not received application money should be refunded with in ______days 

(a) 20 
(b) 25 
(c) 30 
(d) 10


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9 comments:

  1. Q3. Is wrong ans shld be option b

    ReplyDelete
  2. most of the questions are wrong answered...if u dont know thn why are u wasting our time..

    ReplyDelete
  3. 3. Which company shares can be freely transferable

    (a) Private Company
    (b) Public Company
    (c) Both (a) & (b)
    (d) None of the above


    Answer should be (b)

    ReplyDelete
    Replies
    1. no...iF OPTION CONTAINS lISTED CO THAN IT WILL CORRECT...BUT IN GIVEN OPTIONS PVT LTD IS CORRECT

      Delete
    2. yes the ans is b

      Delete
  4. Q 3 .private company can not issue shares for subscription
    Only sweat equity shares can be issued by private company after passing special resolution

    ReplyDelete

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