A. Oax v/s. Turquand and Harding.
B. Solomon v/s. Solomon & Co.
C. In Re Kandoli Tea Co.
D. Southern Foundaries Ltd. v/s. Shirla.
✅ The correct answer is option D.
53. In which one of these cases, the doctrine of ultra vires was laid down ________
A. Ashbury Railway Carriage & Iron Co. Ltd. v/s. Riche.
B. Royal British Bank v/s. Turquand.
C. Derry v/s. Peek
D. Oax v/s. Turquand and Harding.
✅ The correct answer is option A.
51. The doctrine which says company is collective will and has its real psychic existence is based on __________
A. Fiction Theory.
B. Realist Theory.
C. Bracket Theory.
D. Purpose Theory.
✅ The correct answer is option B.
49. If direction to change the name of the company is given by the Central Government, the Company must change its name within ______________
A. One month
B. Two months
C. Three months
D. Six months
✅ The correct answer is option C.
47. Which of the firm must not have Articles of Association? _______________
A. Unlimited Companies,
B. Companies limited by guarantee
C. Private companies limited by shares must have Articles of Association.
D. LLP
✅ The correct answer is option D.
45. The doctrine of Indoor Management seeks to protect _____________
A. Outsiders against the company.
B. Sanctioned by the Registrar of the companies.
C. Authorised by Board of Directors.
D. Allowed by Memorandum of Association.
✅ The correct answer is option A.
43. The rule of constructive notice seeks to protect_____________
A. The company against the outsiders.
B. Shareholders against the company.
C. Outsiders against the company.
D. Directors against the outsiders.
✅ The correct answer is option A.
40. The Prospectus must be issued within ______________
A. 90 days of its registration.
B. 60 days of the Certificate of Incorporation.
C. 90 days of the Statutory Meeting.
D. 60 days of the first Annual General Meeting.
✅ The correct answer is option A.
37. Every person who knowingly issues a Prospectus without registration, is punishable _______________
A. With fine upto Rs.5000/-
B. With fine upto Rs.2000/-
C. With fine upto Rs.1000/-
D. With fine upto Rs.1000/- and imprisonment upto one month.
✅ The correct answer is option A.
34. In case of every company, a meeting of the Board of Directors shall be held at least____________
A. Once a month.
B. Once in every two months.
C. Once in every three months.
D. Once a year.
✅ The correct answer is option C.