COMPANY LAW MCQS With Answers

 

6. Question: Age limit of Directors in case of private company is ___________

A. 65

B. 70

C. 75

D. no limit

Discussion

D. no limit

7. Question: Debentures payable to a holder of certificate is called_____

A. bearer

B. unregistered

C. secured

D. both ((a) & ((b)

Discussion

A. bearer

8. Question: Minimum paid up share capital in case of a public company is _____

A. 1 lakh

B. 3 lakhs

C. 5 lakhs

D. 7 lakhs

Discussion

C. 5 lakhs

9. Question: The company must deliver share certificate within______ if the sharesapplied for transfer.

A. 3 months

B. 2 months

C. 5 months

D. none of these

Discussion

B. 2 months

10. Question: The lending of funds ultra vires, the company has no rights

A. under the company’s act

B. contract act

C. under equity

D. none of the above

Discussion

A. under the company’s act

Tuesday, January 11, 2022

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