51. The doctrine which says company is collective will and has its real psychic existence is based on __________
A. Fiction Theory.
B. Realist Theory.
C. Bracket Theory.
D. Purpose Theory.
✅ The correct answer is option B.
Company Law
52. Company act 2013 have __________ number of sections
A. 236
B. 56
C. 470
D. 536
✅ The correct answer is option C.
53. In which one of these cases, the doctrine of ultra vires was laid down ________
A. Ashbury Railway Carriage & Iron Co. Ltd. v/s. Riche.
B. Royal British Bank v/s. Turquand.
C. Derry v/s. Peek
D. Oax v/s. Turquand and Harding.
✅ The correct answer is option A.
54. Company registered under Sec. 8 as per 2013 amendment can _________
A. Manufacturing
B. give services
C. not earn profits
D. Limit Shares
✅ The correct answer is option C.
55. Which one of these cases, is not related to separate entity of the company ____
A. Oax v/s. Turquand and Harding.
B. Solomon v/s. Solomon & Co.
C. In Re Kandoli Tea Co.
D. Southern Foundaries Ltd. v/s. Shirla.
✅ The correct answer is option D.
56. _____________ Company can be classified on based control company.
A. Public
B. Limited
C. Registered
D. Holding
✅ The correct answer is option D.
57. A company is named as govt. company if it is holds_________ % of paid up share capital
A. more than 30
B. more than 40
C. more than 50
D. none
✅ The correct answer is option C.
58. Information memorandum + shelf prospectus together constitutes_____
A. memorandum
B. articles
C. prospectus
D. none of the above
✅ The correct answer is option C.
59. Minimum no. of Directors in case of private company is __________
A. 1
B. 2
C. 3
D. 4
✅ The correct answer is option B.
60. If minimum subscription is not received application money should be refunded with in _____ days
A. 20
B. 25
C. 30
D. 10
✅ The correct answer is option D.