Indian Companies Act Law Best 78 GK MCQ SET:-1

Q41. The proper authority for convening a General Meeting of a company is the

(A) Chairman of the Board of Directors
(B) Managing Director
(C) Board of Directors
(D) Shareholders

Answer: Board of Directors

Q42. The first Annual General Meeting of a Company must be held

(A) Within nine months from the date of closing of the first financial year
(B) Within five months from the date of closing of the first financial year
(C) Within four months from the date of closing of the first financial year
(D) Within three months from the date of closing of the first financial year

Answer: Within nine months from the date of closing of the first financial year

Q43. With which topic the case of Earlanger v. New Sombero Phosphate Co., is related to the Company Law ?

(A) Prospectus
(B) Promoters
(C) Directors
(D) Memorandum

Answer: Promoters

Q44. The Companies Act, 2013 has provided that in listed companies, appointment of independent directors is mandatory and the independent directors will be appointed

(A) From the list provided by the Company Law Board
(B) From the list of persons given by the Ministry of Law and Company Affairs
(C) From the Data Bank maintained for this purpose
(D) From the list of persons nominated by the shareholders of the company

Answer: From the Data Bank maintained for this purpose

Q45. What is the appellate authority for the order against National Company Law Appellate Tribunal ?

(A) District Court
(B) High Court
(C) Supreme Court
(D) Company Board Committee

Answer: Supreme Court

Q46. According to the new Companies Act, 2013, what is the minimum number of person/s required to form a Private Limited Company ?

(A) 1
(B) 2
(C) 3
(D) 4

Answer: 2

Q47. Which one of the following is incorrect? Any mis-statement made in the Prospectus would attract the liability of the following persons under the Companies Act:

(A) Every person who is a director of the company at the time of the issue of the prospectus
(B) Every person who has authorised himself to be named and is named in the prospectus either as director or as having agreed to become a director either immediately or after an interval of time
(C) Every person who is a promoter of the company
(D) An Expert, whose consent has not been endorsed to the registration and liable in respect of every content in the prospectus

Answer: An Expert, whose consent has not been endorsed to the registration and liable in respect of every content in the prospectus

Q48. No person can hold the office of the director in more than . . . . . .

(A) 10 Public companies at a time
(B) 15 Public companies at a time
(C) 20 Public companies at a time
(D) 50 Public companies at a time

Answer: 10 Public companies at a time

Q49. “Company is a separate legal entity.” It was laid down in

(A) Royal British Bank v. Turqund case
(B) Solomon and Solomon Co. case
(C) Dr. Laxmanswami Mudalior v. LIC case
(D) State Trading Corporation v. CTO case

Answer: Solomon and Solomon Co. case

Q50. An application for prevention of oppression and mismanagement in a company should be made to the

(A) High Court
(B) Central Government
(C) National Company Law Tribunal
(D) Registrar of Companies

Answer: National Company Law Tribunal