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.
Company Law
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.
17. Which one of these cases, it was decided that a company incorporated by a single person can also have a separate legal entity ________
A. Solomon v/s. Solomon & Co.
B. Ashbury Railway carriage Co. v/s. Riche.
C. Foster v/s. Foster.
D. Carriage and Iron Co. Ltd v/s. Rich.
✅ The correct answer is option B.
18. One of the feature of Company as _______________
A. Name
B. Perpetuity
C. Location
D. Registration
✅ The correct answer is option B.
19. Duration of interval between one general meeting and another general meeting should not be more than ____________
A. 6 months.
B. 12 months.
C. 15 months.
D. 24 months.
✅ The correct answer is option C.
20. Government Company is defined under ________
A. S.571
B. S.617
C. S.619
D. S.620
✅ The correct answer is option B.