A. 5%
B. 10%
C. 15%
D. 20%
✅ The correct answer is option B.
107. Liability under_____ sec. may be imposed only if it is proved that the companies business has been carried on with a view to defraud the creditors
A. 540
B. 541
C. 542
D. 543
✅ The correct answer is option C.
105. The time gap between two AGM’s shall not exceed.
A. 15 months
B. 18 months
C. 16 months
D. none of these
✅ The correct answer is option A.
103. Age limit of Directors in case of private company is ___________
A. 65
B. 70
C. 75
D. no limit
✅ The correct answer is option D.
101. Debentures payable to a holder of certificate is called_____
A. bearer
B. unregistered
C. secured
D. both ((a) & ((b)
✅ The correct answer is option A.
99. Minimum paid up share capital in case of a public company is _____
A. 1 lakh
B. 3 lakhs
C. 5 lakhs
D. 7 lakhs
✅ The correct answer is option C.
97. The company must deliver share certificate within______ if the shares applied for transfer.
A. 3 months
B. 2 months
C. 5 months
D. none of these
✅ The correct answer is option B.
119. The lending of funds ultra vires, the company has no rights
A. under the company’s act
B. contract act
C. under equity
D. none of the above
✅ The correct answer is option A.
118. Share warrants can be issued with the prior approval of the____
A. company law board
B. dept of company affairs
C. registrar
D. none
✅ The correct answer is option C.
117. Minimum no. of Directors in case of a public company is ___
A. 1
B. 2
C. 3
D. 4
✅ The correct answer is option C.