Company Law — DU B.Com. (Hons.) Previous Year Question Papers

Tick only one option. 1. There are around 25 Registrar of Companies (RoCs) all over India, supervised by as many as 7 offices of Regional Directors (RDs). Which.2 states in India have two RoCs in their state? (c) Maharashtra and Tamil Nadu 2. Provisional contracts are contracts entered by the company: (a) After incorporation of the company (b) Before incorporation of the company (c) After incorporation but before commencement of business certificate-is received by the company. - (d) After receiving certificate to commence business (e) None of the above 3i. Lifting of corporate veil und.erjudi_cial interprtetations takes place in which,of the following situations : (a) When membership in the company falls below statutory minimum (b) When there is governmental investigation into the ownership of the company to find true persolf behi-nd` .the veil who are interested in the (c) When there is avoidance of welfare legislation by a company deliberately (d) When there is investigation of a related company under the same management for alleged oppression and mismanagement. 4. A company incorporated by the Act of the parliament is called : (a) Licensed company a) Government company (c) Statutory company (d) Registered company 5. Out of the following who can become a member of a one person company? 1 (a) An artificial legal person a) Citizen ofForeign country (c) Non -Resident Indian citizen (e) An individual who already is a member of another OPC 6. Which of the following is not allowed to a section 8 / licensed / Not For Profit (a) Certain tax benefits / tax exemptions (b) Procuring land:/ immovable property at concessional rates (c) Receiving / getting donations (d) Payment of dividends or surplus to its members 7. Choose the incorrect pair: (a) Minimum director 1 and maximum directors 15 : One Person Company (b) Companies formed for promoting art, science etc., require a license and cannot distribute dividends: Companies not for profit (c) Companies having special provisions as regards audit and as regards annual reports: Government Companies (d) A hybrid between a private limited company and a cooperative society : 3, Producer Company (e) A company in which another company has significant influence : Subsidiary 8. A prospectus which does not in-clude complete, particulars of the quantum or price of the securities included therein is called- (a) Red Herring prospectus a) Shelf prospectus (c) Abridged prospectus (d) Deemed prospectus 9. Choose the FALSE statement in respect of shares : (a) A share is regarded as "goods" in India and so it is transferable by mere delivery to the transferee. a) A company cannot originally issue stock and so it arises only by conversion of fully paid shares into stock. (c) Preference shareholders do not enjoy normal voting rights like equity shareholders but when dividend due on their shares remain unpaid for 2 or more years, they can vote on all the resolutions placed before general meeting.