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

Q61. Find answer by using given below:

Director may be removed by

(a) Other Directors

(b) Creditors

(c) Central Government

(d) Shareholders in a general meeting

(A) Only (1) and (2) are correct
(B) Only (2) and (3) are correct
(C) Only (3) and (4) are correct
(D) Only (4) and (1) are correct

Answer: Only (3) and (4) are correct

Q62. Which of the following activities cannot be considered as relating to social responsibility under Section 135 of the Companies Act, 2013 ?

(A) Amount spent on activities which only benefit the employees of the company
(B) Amount spent to benefit people who are not economically backward
(C) Amount spent on activities which only benefit the consumers of the organisation
(D) Amount spent on activities which only benefit the suppliers of the organisation

(E) All of the above

Answer: All of the above

Q63. Minimum number of members required to apply for incorporation Certificate in a Public Ltd. Company is:

(A) 7
(B) 3
(C) 2
(D) 50

Answer: 7

Q64. Which of the following Companies will have to constitute Corporate Social Responsibility Committee under the Companies Act, 2013

(A) A company having a net profit of 2.5 crores in a financial year, a net worth of 300 crores and a turnover of rupees 800 crore
(B) A company having a net profit of 3 crores, in a financial year, a net worth of 300 crores and a turnover of rupees 600 crore
(C) A company having a net profit of 5 crore or more, a net worth of 500 crores and a turnover of rupees 1000 crore or more
(D) A company having a net profit of 5 crores or more, a net worth of 500 crores and a turnover of rupees 5000 crore or more

Answer: A company having a net profit of 5 crore or more, a net worth of 500 crores and a turnover of rupees 1000 crore or more

Q65. A company having paid-up share capital of rupees ten lakhs or more is required to submit a certificate to the Registrar of Companies. This certificate is called Compliance Certificate. By whom this certificate is issued ?

(A) Chartered Accountant
(B) Company Secretary
(C) Chartered Accountant and Company Secretary both
(D) Registrar of Companies

Answer: Company Secretary

Q66. In the conflict between equity on one hand and the text of law on the other, the court shall

(A) Choose equity
(B) Choose law
(C) Have the discretions to choose between equity and law
(D) Be bound by precedents

Answer: Choose law

Q67. Which among the following authorities is vested with the power to investigate on matters of professional misconduct committed by a Chartered Accountant or a Chartered Accountant’s Firm under Section 132 of the Companies Act, 2013 ?

(A) National Advisory Committee on Accounting Standards
(B) Institute of Chartered Accountants of India
(C) The Serious Fraud Investigation Office
(D) National Financial Reporting Authority

Answer: National Financial Reporting Authority

Q68. Which of the following statement is correct? Answer using given below:

(1) Doctrine of indoor management apply in case of knowledge of irregularity in company.

(2) Doctrine of indoor management does not apply in case of suspicion of irregularity.

(3) Doctrine of indoor management apply in case of forgery.

(4) Doctrine of indoor management does not apply if the act of an officer of a company is one which would ordinarily be beyond the powers of such an officer.

(A) Only (1) is correct
(B) Only (2) is correct
(C) Only (3) is correct
(D) Only (4) is correct

Answer: Only (4) is correct

Q69. Memorandum of a company under the Company Law is like a

(A) Directory
(B) Constitution
(C) Schedule
(D) None of the above

Answer: Constitution

Q70. Articles of Association are not to be registered in case of

(A) A public company limited by share
(B) A company limited by guarantees
(C) An unlimited company
(D) A private company limited by share

Answer: A public company limited by share