1001. ___ is issued in acknowledgement of any indebtedness
A. debenture certificate
B. share certificate
C. share warrant
D. none of the above
✅ The correct answer is option A.
SSC
1002. Debentures payable to person whose name appears both on Debenture Certificate and company’s register is called
A. bearer
B. unregistered
C. registered
D. none of the above
✅ The correct answer is option C.
1003. Which of the following is not a member of a company?
A. partnership firm
B. foreigner
C. government
D. huf
✅ The correct answer is option A.
1004. Minimum no. of Directors in case of a public company is ___
A. 1
B. 2
C. 3
D. 4
✅ The correct answer is option C.
1005. Share warrants can be issued with the prior approval of the____
A. company law board
B. dept of company affairs
C. registrar
D. none
✅ The correct answer is option C.
1006. The lending of funds ultra vires, the company has no rights
A. under the company’s act
B. contract act
C. under equity
D. none of the above
✅ The correct answer is option A.
1007. A share warrant is transferable by ____________
A. by execution of transfer deed
B. by delivery
C. both (a) and (b)
D. none of the above
✅ The correct answer is option B.
1008. The company must deliver share certificate within______ if the shares applied for transfer.
A. 3 months
B. 2 months
C. 5 months
D. none of these
✅ The correct answer is option B.
1009. Where the registrar strikes off the register the name of a company as a defunct one, the court has the power to order restoration of name with in:
A. 5 years
B. 7 years
C. 10 years
D. 20 years
✅ The correct answer is option C.
1010. Minimum paid up share capital in case of a public company is _____
A. 1 lakh
B. 3 lakhs
C. 5 lakhs
D. 7 lakhs
✅ The correct answer is option C.