1) A document which lays down the fundamental conditions upon which the company is allowed to form is called.

(A) Memorandum of Association. 
(B) Article of Association.
(C) prospects. 
(D) Certificate of Incorporation.

2) The alteration of the Memorandum has to be certified by the Registrar.

(A) Within 45 days.
(B) Within 15 days.
(C) At his own time provided the company satisfies his queries in this respect.
(D) Within 30 days.

3) Memorandum of Association does not include.

(A) Subscription Clause. 
(B) Capital Clause.
(C) Liability Clause. 
(D) Assets Clause.

4) ‘Shelf prospectus’ means a prospectus issued by.

(A) Any trading company.
(B) Any industrial company.
(C) Any financial institution or banks.
(D) Any existing company whose shares are listed on a recognized stock exchange.

5) The ‘Golden Rule’ for framing of a prospectus was laid down in the case of.

(A) Royal British Bank.
(B) Rex Vs Kylsant.
(C) New Brunswick & Canada Rly. & Land Co. Vs Muggeridge.
(D) Derry Vs Peek.

6) The document which invites the public for subscribing capital in the form of shares and debenture is called.

(A) Memorandum of Association. 
(B) Article of Association.
(C) Prospectus. 
(D) Legal Announcement.

7) Which of the documents is not filed to the registrar at the time of incorporation?

(A) Memorandum. 
(B) Article of Association.
(C) Consent of the director. 
(D) Prospectus.

8) A prospectus may contain a statement purporting to be made by an expert. The term “expert” includes.

(A) An Engineer.
(B) A Valuer.
(C) An accountant and any other person whose profession gives authority to a statement made by him.
(D) All the above.

9) The most important clause in the Memorandum of Association of a company is.

(A) Name clause. 
(B) Registered office clause.
(C) Objects clause. 
(D) Liability clause.

10) Who has certain remedies for misstatement in the prospectus against the company and the persons issuing the Prospectus?

(A) A person who has applied for shares in the company and who has been allotted shares.
(B) A buyer of shares in the open market.
(C) A subscriber to the memorandum.
(D) All the above.