1. When a private company is converted into public company. In which form it should be
A. Schedule III
B. Schedule IV
C. Schedule VI
D. None of these
✅ The correct answer is option C.
96. A share warrant is transferable by ____________
A. by execution of transfer deed
B. by delivery
C. both (a) and (b)
D. none of the above
✅ The correct answer is option B.
116. Which of the following is not a member of a company?
A. partnership firm
B. foreigner
C. government
D. huf
✅ 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.
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.
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.
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.
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.
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.
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.