CA Inter Law – Preliminary MCQs Set II

Holding company is defined u/s _________________

Holding company means company holding ____ in the subsidiary company?

Subsidiary company is defined u/s ______________

What is the maximum number of layers in case of holding and subsidiary companies?

ABC Ltd is company having 5 subsidiaries, is this allowed by the law, to have 5 subsidiaries

ABC Ltd is a company having A Ltd and B Ltd as subsidiary. ABC Ltd wants to acquire shares having more than 50% voting right of C Ltd. C Ltd is having D Ltd as subsidiary and D Ltd is having E Ltd as subsidiary. Can ABC Ltd. Acquire shares having >50% voting rights of C Ltd.?

ABC Ltd. is having 5 layers of subsidiary companies, before commencing the rule giving restriction. company shall file with the registrar a return in form ________________ for this purpose.

ABC Ltd. Is having 5 layers of subsidiary companies, before commencing the rule giving restriction, company shall file with the registrar a return in form CRL – 1 for this purpose, within __________________ time from the date of publication of this rule in official gazette.

ABC Ltd. Is having 5 layers of subsidiary companies, before commencing the rule giving restriction. Company sold shares of one company from them, and now it has 4 layers of subsidiaries. Company can now have maximum ____________ layers of subsidiaries.

ABC Ltd. Wants to purchase shares having more than 50% voting right of Company – A, incorporated outside India, this company has already 2 layers of subsidiary company. Can ABC Ltd. Purchase stack in Company – A?

Shares held by a company, of another company in a “fiduciary capacity” shall ___________

If company makes in default in relation to maximum number of layers, company and every officer in default shall be liable for fine minimum ___________ and if it continues then ____________ per day

Associate company is defined u/s ____________

A Ltd. having significant influence in another company. This A Ltd. is known as _______________

Significant influence means control of at least _______________of voting power or control of participation in business decision.

Foreign company is defined u/s _______________

Company incorporated outside India, and having place of business in India by any mode, whether itself or by its agent, is known as ______________

If a foreign company is doing business electronically in India, as per law, the server must be installed at ___________

ABC Ltd. Has no physical place of business in India. But having online business in India. Whether this company will be treated as foreign company?

Company which has any of its securities listed on stock market is known as ________________

Government company is defined u/s __________

Government company means company in which not less than ___________ is held by Government

Body corporate does not include _________.

Provision of dormant company is given under which section?

Dormant company is ________________

Inactive company means a company _______-

Significant transaction means any transaction other than ___________

Provision of Nidhi company is given under which section?

Nidhi means a company incorporated for the objective of ___________

Choose correct option from below considering the following statements.
Statement – 1: company can enjoy rights of a citizen
Statement – 2: company can enjoy rights of a person

Prohibition of association or partnership of persons exceeding certain number is given under which section?

What is the limit of persons as per section 464, for partnership or AOP?

Where any AOP or partnership firm is carrying business with more then 50 persons, every member shall be liable for –

Provision of restriction on persons carrying business is not applicable to ___________

Any association can use word “Limited” or “private limited” only if

What is the minimum and maximum amount of fine for every day, if company is using word “Limited” or “Private Limited” without having right to use…?

ABC is an association of person and it is associated with a business. Here there is 4 HUF consisting 60 major members and 10 minor members. This AOP is __________________

Paid up share capital and turn over of ABC Ltd is Rs. 30 lakhs and 1 crore respectively, ABC Ltd is a wholly owned subsidiary of BAC Ltd. Choose correct option from below-