21. Company Law disputes are referred to_____________
A. CLB
B. NCLT
C. NCLAT
D. District court
✅ The correct answer is option B.
Company Law
22. Power to set up the Tribunal is vested in ______________
A. Supreme Court.
B. State Government.
C. Central Government with the permission of the Supreme Court.
D. Central Government.
✅ The correct answer is option D.
23. Which one of the following statements is true __________
A. Any person can become the member of the company.
B. Incorporated Company is a legal person and a citizen also.
C. Debenture holders do not have the right to vote.
D. All are false.
✅ The correct answer is option D.
24. Company is recognized by _________________
A. Services
B. Common Seal
C. Directors
D. Artificial Person
✅ The correct answer is option B.
25. The time gap between two Annual General Meetings should not exceed______
A. Six months.
B. Twelve months.
C. Fifteen months.
D. Eighteen months.
✅ The correct answer is option C.
26. Private Company restricts the number of its members up to _________
A. Two
B. Ten
C. 20
D. 50
✅ The correct answer is option D.
27. conceives the idea of the business
A. promoters
B. directors
C. auditors
D. none of the above
✅ The correct answer is option A.
28. The quorum for the meeting of Board is _______________
A. One fourth of its total strength.
B. One third of its total strength.
C. Two third of its total strength.
D. One half of its total strength.
✅ The correct answer is option B.
29. Private Company is defined under __________
A. S.3 (1) (iii)
B. S.3 (1) (iv)
C. S.4
D. S.4 (2)
✅ The correct answer is option A.
30. Ultra vires loans granted by the company are
A. void
B. voidable
C. valid
D. none of the above
✅ The correct answer is option A.