A. Two companies
B. Seven companies
C. Twenty companies
D. Thirty companies
✅ The correct answer is option C.
28. The quorum for the meeting of Board is _______________
A. One fourth of its total strength.
B. One third of its total strength.
C. Two third of its total strength.
D. One half of its total strength.
✅ The correct answer is option B.
25. The time gap between two Annual General Meetings should not exceed______
A. Six months.
B. Twelve months.
C. Fifteen months.
D. Eighteen months.
✅ The correct answer is option C.
22. Power to set up the Tribunal is vested in ______________
A. Supreme Court.
B. State Government.
C. Central Government with the permission of the Supreme Court.
D. Central Government.
✅ The correct answer is option D.
19. Duration of interval between one general meeting and another general meeting should not be more than ____________
A. 6 months.
B. 12 months.
C. 15 months.
D. 24 months.
✅ The correct answer is option C.
1. Issuance of a share warrant is necessary, so that __________
A. Shares are fully paid up
B. Shares are paid up to 50%
C. Shares are paid up to 25%
D. Shares are paid up to 10%
✅ The correct answer is option A.
16. Which of the following companies must have Articles of Association________
A. Foreign Company.
B. Unlimited Company.
C. Holding Company.
D. Government Companies.
✅ The correct answer is option B.
15. Which of the following document brings a company into existence as a legal person? __________
A. Memorandum of Association
B. Certificate of Incorporation.
C. Article of Association.
D. The agreement.
✅ The correct answer is option B.
14. The Prospectus must be issued within___________
A. 90days of its registration
B. 60days of the certificate of Incorporation
C. 90days of the Statutory Meeting
D. 60days of the first Annual General Meeting
✅ The correct answer is option A.
13. Who of the following is the most important functionary of a company?__________
A. Secretary.
B. Treasurer.
C. Managing Director.
D. Manager
✅ The correct answer is option C.