4. Who of the following persons brings about the incorporation, and organization of a company ______________
A. A member
B. A promoter
C. A manager
D. A director
✅ The correct answer is option B.
5. Which of the following sections, allows alteration of objects clause within certain defined limits______________
A. Section 15
B. Section 16
C. Section 17
D. Section 18
✅ The correct answer is option A.
9. The public trustee may attend the meeting of the company_______
A. Himself
B. Appoint a government officer
C. Both a and b.
D. Secretary.
✅ The correct answer is option C.
10. In one particular year, the company can close the Register for a period of, ____
A. Seven days at any one time
B. Fourteen days at any one time
C. Twenty-one days at any one time
D. Thirty days at any one time
✅ The correct answer is option D.
11. Company can close the Register after publishing a notice in a local daily? ____
A. Seven days before the Register is closed.
B. Fourteen days before the Register is closed
C. Twenty-one days before the Register is closed
D. One month before the Register is closed
✅ The correct answer is option A.
12. Every company making an allotment of shares or debentures is obliged to the allottee a certificate of shares within____________
A. 14 days of the allotment
B. One month of the allotment
C. Two months of the allotment
D. Three months of the allotment of shares.
✅ The correct answer is option D.
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.
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.
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.
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.