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.
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.
109. Maximum rate of discount that can be allowed on issue of shares
A. 5%
B. 10%
C. 15%
D. 20%
✅ The correct answer is option B.
111. The time period for conduction of AGM is extended by ROC for how many months
A. 1
B. 2
C. 3
D. 4
✅ The correct answer is option C.
13. _________ Order to call a EGM even though 1 member present in person or by proxy.
A. roc
B. c.g
C. nclt
D. d.c.a
✅ The correct answer is option B.
65. Paying back of capital is called
A. redemption
B. conversion
C. participation
D. none
✅ The correct answer is option A.
67. Central Government permission is required in case of_____ conversion____
A. private to public
B. public to private
C. both (a) or (b)
D. none of the above
✅ The correct answer is option B.
69. Validity period of information memorandum is___________
A. 1 year
B. 2 years
C. 3 years
D. 4 years
✅ The correct answer is option A.
71. A company can become a members of another company if it is so authorized by______
A. moa
B. aoa
C. both (a) & (b)
D. none of the above
✅ The correct answer is option A.