Level 1: CA Inter Law – Part I – Chapter 2 – Incorporation of Company and Matters Incidental Thereto MCQs Set II

As per the companies Act- 2013, who is not defined as a promoter?

What is the relation of promoter with the company?

Definition of promoter is given u/s….

The promoter shall have right to –

Articles of ABC ltd. Says that company shall pay remuneration to promoters or reimburse the expenses incurred by them, such a provision is binding on the company…. Select correct option.

OPC is…

By how many persons, memorandum of public company must be subscribed?

By how many persons, memorandum of private company must be subscribed?

By how many persons, memorandum of OPC must be subscribed?

A person is eligible to incorporate OPC only if he is….

A natural person cannot be a member of more than 1 OPC at a time. The above statement is___?

Minor cannot….

Statement – 1: OPC is a private company, Statement – 2: An OPC cannot have more than 1 director & Statement – 3: Minor can also be member or nominee of OPC.
Which statement is correct from the above?

OPC cannot voluntarily be converted into any other kind of companies unless _______ has been expired from the date of incorporation of the company?

An OPC must have paid up share capital less than Rs.

An OPC must have an average annual turnover less than Rs.

If paid up share capital of OPC exceeds Rs. 50 lakhs or annual turnover exceeds Rs. 2 cr., then…
i)             Within 6 months, such OPC shall be required to convert itself into public company with a minimum of 7 members and 3 directors
ii)           Within 6 months, such OPC shall be required to convert itself into private company with a minimum of 2 members and 2 directors
Choose correct option.

Choose incorrect option from the following…

At the time of incorporation of ABC ltd., declaration form was signed by a Company Secretary doing Job. Is the procedure followed is correct?

In which form the declaration must be given at the time of incorporation of company?

As per declaration, company must not be found guilty for any fraud, misfeasance or breach of duty during the preceding how much time?

Mr. A is a subscriber of memorandum of OPC, and he is already holding a Valid DIN, and particulars provided in DIN have been updated as on the date of application, and the declaration to this effect is given in the application, then the proof of identity and proof of resident need not be attached…. Choose correct option

The memorandum of OPC shall state the name of any other person who shall become the member of OPC in case of __________ of the subscriber to the memorandum.

In which form registrar will issue a certificate of incorporation to an OPC?

Company shall maintain and preserve copies of all documents and information filed with registrar at the registered office for how much time?

Which date will be the date of incorporation of the company?

The company shall file with the registrar a verification of its registered office as provided under which section?

In case of default in incorporation, company shall be liable for how much penalty?

As per section – 3A, If at any time the member of a company is reduced, in the case if a public company below 7, and private company below 2, and the company carries on business for more than 6 months then, every person who is the member of the company during the time that it so carries on business after 6 months and they are known of the fact, shall be ………………… liable for the payment of the whole debts of the company.

A company as well as the other party to the contract is bound by a pre-incorporation contact, only if some conditions complied with. Choose correct condition from below…

If company adopts a pre incorporation contract then…

If company does not adopt a pre – incorporation contact then,
Statement – 1 – Even if the contract stipulates that the company, after incorporation, shall be bound by it, the company shall not be bound by such contract
Statement – 2 – Even if the company takes the benefits of the pre incorporation contract, it is not binding to the company
Choose correct option___

If company does not adopt a pre – incorporation contact then, Choose correct option….

If a company, after incorporation, enters in a fresh contract in terms of the pre-incorporation contract, the pre incorporation contract shall stand discharged, and accordingly, the lability of promoters shall come to an end… This statement is ?

About section 8 company, which statement is correct from the follow-
Statement – 1 The company intends to apply its profit in promoting its objects
Statement – 2 The company intends to prohibit the payment of dividend to its members

Section – 8 company _____________ use word “Limited” or “private Limited”

A Section – 8 company shall have the same privileges and same obligations as of any other_______

A section – 8 company may alter provisions of its memorandum or articles by-

Section – 8 company which intends to convert itself into a company of any other kind shall pass a __________ at a general meeting for approving such conversation.

In case of winding up the section – 8 company,
i)             All the assets and liabilities of the company shall be transferred to any other company registered u/s 8 and having similar objectives
ii)           Sold, and proceeds of the sale shall be credited to Insolvency and Bankruptcy Fund formed u/s 224 of the Insolvency and Bankruptcy Code, 2016

Section – 8 company can be amalgamated with____

A limited company may be

An unlimited company may be

Which document is called as the charter of the company?

Memorandum is a ______________

Any person can inspect the memorandum. This statement is….

As per Name clause, which statement is correct

Situation clause, shall mention…

Notice of every change in the registered office clause shall be given to registrar, within _________________ days.

A company may change its registered office from the 1 jurisdiction of registrar to other jurisdiction of registrar within the same state by _____________.

Every company shall have its registered office within ______________ of its incorporation and at all times thereafter.

A company may change its registered office outside the local limits of city, town or village in which the registered office is situated, by_________.

A company may change its registered office within the local limits of city, town or village in which the registered office is situated, by_________.

A company may change its registered office from the 1 jurisdiction of registrar to other jurisdiction of registrar within the same state by _____________.

Alteration in situation clause of memorandum take place where _______________.

A change in the name of the company requires ________________ .

Liability clause of the company shall state

Capital clause of the company shall state-

Choose incorrect option from the below about subscription clause

___________ cannot be the subscriber of memorandum or article