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Indian Companies Act Law Best 78 GK MCQ SET:-1
Q11. Which of the following actions can be taken by a Registrar under section 4(5) of the Companies Act, 2013
(A) He can direct the Company to change it’s name within a period of 6 months after passing an ordinary resolution
(B) Take action for striking off the name of the Company from the registrar of Companies
(C) Order winding up of the Company on his own accord
(D) All of these
Answer: Take action for striking off the name of the Company from the registrar of Companies
Q12. Which of the following services cannot be provided to the Company by an auditor appointed under the provisions of the Companies Act, 2013
(A) Internal Audit
(B) Actuarial Services
(C) Managerial Services
(D) All of these
Answer: Internal Audit
Q13. A shareholder of a company can enter into a contract with a company because it is a separate legal entity from its shareholders’ was held in
(A) Dalmer Company v. Continental Type Company
(B) Ashbury Railway Carriage and Iron Company v. Rick L. R.
(C) Solomon v. Solomon
(D) S. T. Corporation of India v. Commercial Tax Officer
Answer: Ashbury Railway Carriage and Iron Company v. Rick L. R.
Q14. Liability of directors of a public company is towards
(A) Shareholder of the company
(B) Public
(C) Government
(D) Company Law Board
Answer: Shareholder of the company
Q15. Under the Companies Act, 2013, a private company can borrow funds for its financial needs from
(A) Directors, banks and financial institutions
(B) Directors, shareholders and relatives of directors
(C) Directors
(D) Banks and financial institutions
Answer: Directors, banks and financial institutions
Q16. What is the maximum number of partners in Banking business
(A) Eight
(B) Ten
(C) Twelve
(D) Sixteen
Answer: Ten
Q17. Which of the following is most essential for a company ?
(A) Memorandum of Association
(B) Share Capital
(C) Prospectus
(D) Certificate of Incorporation
Answer: Certificate of Incorporation
Q18. The capital with which a company is registered is called
(A) Working capital
(B) Subscribed capital
(C) Authorized capital
(D) None of the above
Answer: Authorized capital
Q19. In which of the following cases corporate veil of the company has not been lifted by the court:
(A) Gilford Motor Co. Ltd. v. Horne
(B) Daimler Co. Ltd. v. Continental Tyre & Rubber Co. Ltd.
(C) Dinshaw Maneckjee Petit, Re
(D) People Pleasure Park Co. v. Rohleder
Answer: People Pleasure Park Co. v. Rohleder
Q20. Match List-I with List-II and select the correct answer using the given below the Lists:
| List-I (Decided Cases) | List-II (Principle Stated) |
| a. Royal British Bank v. Turquand | 1. Corporate personality |
| b. Salomon v. Salomon & Co. Ltd. | 2. Rule of majority |
| c. Foss v. Harbottle | 3. Doctrine of ultra vires |
| d. Ashbury Railway Carriage and Iron Co. Ltd. v. Riche | 4. Indoor management |
(A) a-4, b-1, c-2, d-3
(B) a-4, b-3, c-2, d-1
(C) a-3, b-2, c-1, d-4
(D) a-1, b-2, c-3, d-4
Answer: a-4, b-1, c-2, d-3