Practice questions and mcqs for Industry ethics and legal issues

 Practice questions and mcqs for Industry ethics and legal issues

with answers.

Property of the company belongs to 

(a) Company 
(b) Share holders 
(c) Members 
(d) Promoters

Ans a 

3. Which company shares can be freely transferable 

(a) Private Company 
(b) Public Company 
(c) Both (a) & (b) 
(d) None of the above

Ans a

 Minimum number of members in case of public company 

(a) 1 
(b) 2 
(c) 5 
(d) 7

Ans d

 Minimum number of members in case of private company is 

(a) 1 
(b) 2 
(c) 3 
(d) 5                       Ans B

Maximum no. of members in case of private company is 

(a) 50 
(b) 100 
(c) 150 
(d) 200

Ans a

Maximum no .of members in case of public company is 

(a) 1 
(b) unlimited 
(c) 50 
(d) 100

Ans b

Minimum subscription should be received with in ______days 

(a) 130 
(b) 125 
(c) 120 
(d) 135 

Ans c

 How many months did the company can continue its business u/s 45 _______ 

(a) 1 
(b) 2 
(c) 5 
(d) 6

Ans d

Which cellular services telecom company announced the Mobile for Good Awards 2016 in partnership with NASSCOM foundation?

1. Vodafone Foundation
   b. Airtel Foundation
   c. Idea Foundation
   d. None of the above

Ans a

A person cannot be a director of more than …………… as per the Companies (Amendment) Act, 2000.

(A) 5 companies. 

(B) 10 companies.

(C) 15 companies. 

(D) 20 companies.

Ans c

The first directors of a public company are appointed by the.

(A) Public. 

(B) Shareholders. 

(C) Promoters. 

(D) Government.

Ans c

According to the companies Act, 1956 a Private limited company must have at least ………… directors.

(A) Seven. 

(B) Three. 

(C) Two. 

(D) One.

Ans c

Who may be appointed as a director of a company?

(A) An individual. 
(B) A body corporate.

(C) A firm. 
(D) An association.

Ans a

According to section 255 of the companies Act, the Directors must be appointed by the.

(A) Central Government.

(B) Company Law Tribunal.

(C) Company in General Meeting.

(D) Board of Directors.

Ans c

A company is said to have been registered when?

(A) It files Memorandum of association and Articles of Association.

(B) It gets incorporation certificate with the Registrar of Companies.

(C) It gets certificate for commencement of business.

(D) It actually starts its business.

Ans b

Companies Act 1956 consists of how many parts

1. 13
2. 14
3. 12
4. 15

Companies Act 2013 consists of how many chapters

1. 29
2. 30
3. 12
4. 15

Companies Act 1956 consists of how many sections

1. 658
2. 657
3. 567
4. 765

Companies Act 2013 consists of how many sections

1. 470
2. 370
3. 121
4. 715

The concept of a Director Identification Number (DIN) has been introduced for the first time with the insertion of Sections ________________of Companies (Amendment) Act, 2006.

1. 266A to 266G
2. 276A to 276G
3. 286A to 286G
4. 296A to 296G

Company incorporation form Form is required to be filed within _______ as the name is reserved only for this time period

1. 60 days
2. 50 days
3. 40 days
4. 30 days

Memorandum of Association is defined in

1. Section 2(56)
2. Section 2(57)
3. Section 2(58)
4. Section 2(59)

Articles of association is defined in

1. Section 2(5)
2. Section 2(4)
3. Section 2(3)
4. Section 2(2)

Minimum how many number of  shareholders required in Private company

1. 2
2. 3
3. 4
4. 5

Minimum how many number of shareholders required in Public company

1. 7
2. 8
3. 9
4. 10

Minimum how many number of directors required in Public company

1. 3
2. 8
3. 9
4. 10

Minimum how many number of directors required in Private company

1. 2
2. 3
3. 9
4. 10