61. Minimum number of members in case of public company
A. 1
B. 2
C. 5
D. 7
✅ The correct answer is option D.
Company Law
62. Deposits should issued with in__________ weeks from the date of receipt of money.
A. 2
B. 4
C. 6
D. 8
✅ The correct answer is option D.
63. Proxies cannot vote on_________
A. show of hands
B. poll
C. both (a) & (b)
D. none of the above
✅ The correct answer is option A.
64. Which of the following can be used for buy back of shares
A. free reserves
B. securities premium
C. proceeds of fresh issue of shares
D. all of the above
✅ The correct answer is option D.
65. Paying back of capital is called
A. redemption
B. conversion
C. participation
D. none
✅ The correct answer is option A.
66. Transmission is effected by
A. sale
B. death
C. insolvency
D. both (b) & (c)
✅ The correct answer is option D.
67. Central Government permission is required in case of_____ conversion____
A. private to public
B. public to private
C. both (a) or (b)
D. none of the above
✅ The correct answer is option B.
68. In case of Partly Convertible Debentures non-convertible portion is classified as_____
A. debt
B. equity
C. both (a) & (b)
D. none of the above
✅ The correct answer is option A.
69. Validity period of information memorandum is___________
A. 1 year
B. 2 years
C. 3 years
D. 4 years
✅ The correct answer is option A.
70. Cumulative preference share holders have voting right if dividend are in arrears for years
A. 1
B. 2
C. 3
D. 4
✅ The correct answer is option B.