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.
Company Law
102. In the given below who are required to hold A.G.M___________
A. public company
B. private company
C. government company
D. all the three
✅ 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.
104. Transfer of shares in the case of public company is
A. prohibited
B. restricted
C. freely transferable
D. none of these
✅ 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.
106. In case of continuing default to convene the AGM fine is Rs.___________ for every day.
A. 250
B. 300
C. 350
D. 400
✅ 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.
108. Which of the following can issue the share warrant
A. public
B. private
C. both (a) & (b)
D. none of the above
✅ The correct answer is option A.
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.
110. Which of the following is a right of the members of a company_____
A. right to have share
B. right appoint auditor
C. right appoint director
D. all the above
✅ The correct answer is option D.