31. At the same time a person cannot hold office of a Director in more than ______
A. Two companies
B. Seven companies
C. Twenty companies
D. Thirty companies
✅ The correct answer is option C.
Company Law
32. Company registered under Company Law is _________
A. Legal Company
B. Registered Company
C. Chartered Company
D. LLP
✅ The correct answer is option B.
33. If any body wants to file a case against the company they should file at what place _____
A. company
B. registered office
C. bod
D. books of accounts
✅ The correct answer is option B.
34. In case of every company, a meeting of the Board of Directors shall be held at least____________
A. Once a month.
B. Once in every two months.
C. Once in every three months.
D. Once a year.
✅ The correct answer is option C.
35. Company is defined under ____________
A. S.3 (1) (i)
B. S.4
C. S.5
D. S.6
✅ The correct answer is option A.
36. In the MOA there are 6 clauses. We can alter all clauses expect one clause. What is that clause?
A. objects clause
B. name clause
C. association clause
D. none of these
✅ The correct answer is option C.
37. Every person who knowingly issues a Prospectus without registration, is punishable _______________
A. With fine upto Rs.5000/-
B. With fine upto Rs.2000/-
C. With fine upto Rs.1000/-
D. With fine upto Rs.1000/- and imprisonment upto one month.
✅ The correct answer is option A.
38. Retrospective correction can be done, even after execution of action in
A. Article of Association,
B. Memorandum of Association
C. Prospectus,
D. Interpretation of Statue
✅ The correct answer is option A.
39. In how many days did the company have its registered office after incorporation
A. 10
B. 20
C. 30
D. 40
✅ The correct answer is option C.
40. The Prospectus must be issued within ______________
A. 90 days of its registration.
B. 60 days of the Certificate of Incorporation.
C. 90 days of the Statutory Meeting.
D. 60 days of the first Annual General Meeting.
✅ The correct answer is option A.