Business Law (MCQs) Set-4
Categories: EDUCATION
Q.31. Shares can be freely transferable in ______
- Public company
- Private company
- Registered company
- Government company
Answer: (A) Public company
Q.32. If the Articles of a company conflict with the memorandum.
- The articles shall prevail
- The memorandum shall prevail
- The directors will resolve the conflict
- The court will resolve the conflict.
Answer: (B) The memorandum shall prevail
Q.33. Which Doctrine seeks to promote the company from the outsiders?
- The doctrine of indoor management
- The doctrine of Ultra virus
- The doctrine of constructive notice
- None of these
Answer: (C) The doctrine of constructive notice
Q.34. Sec.25 related to _____ companies
- Holding
- Licensed
- Subsidiary
- Existing
Answer: (B) Licensed
Q.35. When one company controls the management of another company, the format is called a ______ company
- Existing
- Holding
- Subsidiary
- Licensed
Answer: (C) Subsidiary
Q.36. A Public company May issue a prospectus called ______
- Red herring Prospectus
- Shelf prospectus
- A bridged prospectus
- Deemed prospectus
Answer: (A) Red herring Prospectus
Q.37. ______ is a person who holds the shares for the benefit persons
- Trustee
- Member
- Shareholder
- Company
Answer: (A) Trustee
Q.38. The history of the Indian Company Law began in the year of
- 1850
- 1908
- 1913
- 1956
Answer: (A) 1850
Q.39. ______ is compulsory for unlimited companies, private companies limited by guarantee.
- Memorandum of association
- Articles of Association
- Prospectus
- Statement in lieu
Answer: (B) Articles of Association
Q.40. The annual return should be filed by a company with the Registrar within the date of the annual general meeting of the company.
- 40
- 60
- 30
- 50
Answer: (B) 60