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

Q51. According to section 2(45) of the Companies Act (as amended in 1974), a Company Secretary must possess the qualifications prescribed from time to time by the

(A) Company Law Board
(B) Central Government
(C) Registrar of Companies
(D) Parliament

Answer: Registrar of Companies

Q52. For dissolution of a company, the Tribunal shall pass order

(A) Immediately after winding-up order
(B) When affairs of the company are completely wound up
(C) At the instance of the Central Government
(D) At the instance of the Company Law Board

Answer: When affairs of the company are completely wound up

Q53. The provision of Companies Act, 2013 relating to application to Tribunal for prevention of oppression and mismanagement is contained in

(A) Section 241
(B) Section 349
(C) Section 361
(D) Section 344

Answer: Section 241

Q54. It deals with the Internal Management and Affairs of company:

(A) Prospectus
(B) Article of Association
(C) Memorandum of Association
(D) Debenture

Answer: Article of Association

Q55. In which of the following cases, the doctrine of Indoor Management was laid down ?

(A) Solomon v. Solomon & Co. Ltd.
(B) Ashbury Railway Carriage and Iron Co. Ltd. v. Riche
(C) Foss v. Harbottle
(D) Royal British Bank v. Turquand

Answer: Royal British Bank v. Turquand

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Q56. Which of the following is true about an incorporated company ?

(A) Its life depends on the life of its members
(B) Its nationality depends on the nationality of its shareholders
(C) Audit is not compulsory of its account
(D) As such it never dies

Answer: As such it never dies

Q57. In what way the doctrine of ultra vires is applied to the companies ?

(A) The activities should be confined within the objects as specified in the Memorandum of Association
(B) The members are not allowed to file a suit on behalf of the company
(C) Employees of the company must work during the office hours
(D) A contract in which directors commit breach of fiduciary duty

Answer: The activities should be confined within the objects as specified in the Memorandum of Association

Q58. The Central Government has been empowered to conduct investigation into the affairs of the company under section 210 of the Companies Act 2013

(1) On the report of Registrar of Companies

(2) In public interest

(3) On passing of the special resolution

(4) On order of the court or tribunal

Select the correct answer:

(A) (1) and (2) only
(B) (3) and (4) only
(C) (2) and (3) only
(D) All (1), (2), (3) and (4)

Answer: All (1), (2), (3) and (4)

Q59. Article of Association is a concept in

(A) Partnership Act
(B) Negotiable Instruments Act
(C) Companies Act
(D) Indian Penal Code

Answer: Companies Act

Q60. Contracts made after incorporation of a public company, but before issuing the certificate of commencement of business are . . . .

(A) Provisional contracts
(B) Post-incorporation contracts
(C) Preliminary contracts
(D) Contracts in the normal course of business

Answer: Provisional contracts