1021. Which of the following is a right of the members of a company_____
A. right to have share
B. right appoint auditor
C. right appoint director
D. all the above
✅ The correct answer is option D.
SSC
1022. The time period for conduction of AGM is extended by ROC for how many months
A. 1
B. 2
C. 3
D. 4
✅ The correct answer is option C.
1023. _________ Order to call a EGM even though 1 member present in person or by proxy.
A. roc
B. c.g
C. nclt
D. d.c.a
✅ The correct answer is option B.
1024. A drawee is need to be given a deliberation of
A. 24 hrs
B. 48 hrs
C. 72hrs
D. 10 days
✅ The correct answer is option B.
1025. Presentment of an acceptance is required in case of
A. Every Bill of exchange
B. Every Bill of exchange payable after sight
C. Every promissory note
D. Every cheque
✅ The correct answer is option C.
1026. A minor cannot be a______________ of the instrument
A. Drawer
B. Drawee
C. Payee
D. Acceptor
✅ The correct answer is option C.
1027. Presentation is required for
A. Acceptance
B. Sight
C. Payment
D. Any of the above three purposes
✅ The correct answer is option D.
1028. Notice of dishonour must be given
A. To the drawer and drawee only
B. To the drawer, acceptor and endorser(s) only
C. To all the parties liable on the instrument or to their duly authorized agent
D. To all the parties who are secondarily liable on the instrument or to their duly authorized agent
✅ The correct answer is option D.
1029. Crossing of a cheque effects the
A. Negotiability of the cheque
B. Mode of payment on the cheque
C. Both (a) and (b)
D. None of the above
✅ The correct answer is option C.
1030. If the words not negotiable are used with special crossing in a cheque, the cheque is
A. Not transferable
B. Transferable
C. Negotiable under certain circumstances
D. None of the above
✅ The correct answer is option A.