Level 1: CA Inter Law – Part I – Chapter 4 – Share capital and debentures MCQs Set IV

Within _____ time certificate of securities must be delivered in case of allotment of shares?

Within how much time certificate of securities must be delivered in case of allotment of debentures?

Within how much time certificate of securities must be delivered in case of transfer or transmission of shares?

If private company wants to refuse the transfer or transmission, notice for the same shall be given within _____time?

In case of refusal of transfer or transmission, appeal may be filed to _____________-

In case of refusal of transfer or transmission, appeal may be filed by _________________

In case of refusal of transfer or transmission by private company, appeal may be filed within how much time?

In case of no notice sent by the Private company, the appeal may be filed within __________ of delivery of the transfer deed or the intimation of transmission.

If a private company refuses the transfer or transmission, and person files appeal against the company in the tribunal, tribunal may direct the transfer to the company and company must comply with such order within how much time?

In case of refusal of transfer or transmission by public company, appeal may be filed within ____?

In case of no notice sent by the public company, the appeal may be filed within __________ of delivery of the transfer deed or the intimation of transmission.

ABC Ltd is a private company. Mr. X one of the shareholders wants to transfer its shares to Mr. Y, but the company refuses such transfer. Transfer deed for the same is delivered to the company on 13 March, 2021. Answer the questions below keeping the provision and fact of the case in mind.
Notice of the refusal shall be given to transferor and transferee or person giving intimation before –

ABC Ltd is a private company. Mr. X one of the shareholders wants to transfer its shares to Mr. Y, but the company refuses such transfer. Transfer deed for the same is delivered to the company on 13 March, 2021. Answer the questions below keeping the provision and fact of the case in mind.
If company had served the notice on 10 April, 2021, within how much time transferee or person giving transmission or intimation can file appeal with the tribunal?

ABC Ltd is a private company. Mr. X one of the shareholders wants to transfer its shares to Mr. Y, but the company refuses such transfer. Transfer deed for the same is delivered to the company on 13 March, 2021. Answer the questions below keeping the provision and fact of the case in mind.
If company did not send the notice, appeal may be filed before –

Provision of appeal for rectification of register of members is given u/s?

Which is correct from below with respect to transfer of shares?

Which is correct from below regarding transmission of shares?

Transfer of shares, where on transfer deed transferor’s signs are forged, is known as ____________________-

Forged transfer is _________________-

Which from the below is incorrect regarding ownership of forged transfer?

Mr. x is a shareholder of ABC Ltd. Mr. Y had acquired the shares of Mr. x by forged sign of Mr. x. ABC Ltd has registered the Mr. Y as a member and Mr. Y has sold the shares to Mr z an innocent purchaser. By considering the provisions of companies’ act – 2013, give the answer
The Mr. x can compel to company for –

Mr. x is a shareholder of ABC Ltd. Mr. Y had acquired the shares of Mr. x by forged sign of Mr. x. ABC Ltd has registered the Mr. Y as a member and Mr. Y has sold the shares to Mr z an innocent purchaser. By considering the provisions of companies’ act – 2013, give the answer
If shares were not transferred to Mr. z, then company can –

Mr. x is a shareholder of ABC Ltd. Mr. Y had acquired the shares of Mr. x by forged sign of Mr. x. ABC Ltd has registered the Mr. Y as a member and Mr. Y has sold the shares to Mr z an innocent purchaser. By considering the provisions of companies’ act – 2013, give the answer
In the above case shares are transferred to Mr. z, if company refuse to register him as a member, then Mr. z shall have right to claim damages from _______________

Mr. x is a shareholder of ABC Ltd. Mr. Y had acquired the shares of Mr. x by forged sign of Mr. x. ABC Ltd has registered the Mr. Y as a member and Mr. Y has sold the shares to Mr z an innocent purchaser. By considering the provisions of companies’ act – 2013, give the answer
Company has right to recover the damages paid to Mr. z, from _____________

Where a shareholder, with an intimation of transferring his shares, fills up his name in the transfer deed and signs it as a ‘transferor’, and delivers such transfer deed to buyer of shares, but does not mention the name of the buyer as a ‘transferee’ in such transfer deed, such a transfer deed is termed as ____________

Blank transfer deed is one type of negotiable instrument. This statement is __________________

The process of buying and selling can be continued for_________ number of times by a transfer deed.

Which are evils of blank transfer?

The fact that a person is a subscriber to memorandum is sufficient to constitute such person a member of the company. This statement is ___________________

Find the correct statement from below about the subscriber to memorandum.

Choose the correct option. Statement – 1: – All the subscribers of the memorandum become the member of the company immediately on incorporation of the company. Statement – 2: – Name of the subscribers must be entered in the register of members.

Mr. A had applied for the allotment of 5,000 shares in a company. No allotment of shares was made to him by the company. Later on, without any further application from A, the company transferred 2,500 partly paid shares to him and placed his name in the register of members, Mr. A took no step for removing his name from register of members. The company later on made final call but Mr. A refused to pay call. Answer the below questions by considering the provisions of Companies Act – 2013.
Mr. A is a ____________

Mr. A had applied for the allotment of 5,000 shares in a company. No allotment of shares was made to him by the company. Later on, without any further application from A, the company transferred 2,500 partly paid shares to him and placed his name in the register of members, Mr. A took no step for removing his name from register of members. The company later on made final call but Mr. A refused to pay call. Answer the below questions by considering the provisions of Companies Act – 2013.
Why Mr. A is a member by estoppel?

Mr. A had applied for the allotment of 5,000 shares in a company. No allotment of shares was made to him by the company. Later on, without any further application from A, the company transferred 2,500 partly paid shares to him and placed his name in the register of members, Mr. A took no step for removing his name from register of members. The company later on made final call but Mr. A refused to pay call. Answer the below questions by considering the provisions of Companies Act – 2013.
Is Mr. A liable to pay Final call.

A company can become member of another company if he is authorised by _____________ to purchase shares of another company.

Which form of entity can’t be a member of any company?

Partnership firm can be a member of the ___________.

Debentures includes __________________

Document evidencing indebtedness of the company is known as –

Debenture holders are –

ABC Ltd issued all the debentures to Mr. X only. Is this possible as per companies Act – 2013?

Amount paid to debentures holders is known as –

____________ get priority over ______________.

Ranking equally is also known as –

Debentures issued without pari – pasu shall be ranked on the basis of –

Debentures issued without pari – pasu and issued on the same date shall be ranked on the basis of –

Issue of convertible debentures must be authorised by ________________-

Period of redemption of debentures must not exceed ______

Every company issuing debentures shall create ________________

Appointment of debentures trustees is mandatory, if –

If at any point of time, debenture trustee concludes that the assets of the company are insufficient or are likely to become insufficient to discharge the principal amount as and when it becomes due, then –

If a company fails to pay interest or redeem debentures on maturity, then debentures trustees or debenture holders can _____________

Who can prescribe the quantum of DRR, by rules?

Who can prescribe the form of debenture trust deed, by rules?

Debenture trustees can be removed before expiry of his term only if approved by ________________

Debentures with voting rights can be issued only if –

Choose the correct option.Statement – 1: – New shares cannot be issued to outsiders without prior offer to existing shareholders Statement – 2: – A public company cannot issue equity shares with differential rights as to dividend.