MCQ for CA Final LAW - PART 1 - Corporate Laws - Section A - Company Law - Chapter 7 WINDING UP
Sample Multiple Choice Questions (MCQ's) for CA Final - Paper 4 - Corporate and Economic Laws - PART 1 - Corporate Laws - Section A - Company Law - Chapter 7: WINDING UP - For Practice relevant for May/Nov 23 Examinations
Q:1 Where a petition for winding up is presented before the Tribunal by _________, such petition shall be admitted only if it is accompanied by a statement of affairs.
- Any contributory of the company
- The company
- The Registrar
- The Central Government
Answer: 2
Q:2 A contributory shall be entitled to present the petition only if the shares were originally allotted to him or he has held his shares for at least _______ during the ______ immediately preceding the commencement of winding up or the shares have been devolved on him by reason of the death of a member.
- 6 months; 18 months
- 6 months; 12 months
- 3 months; 18 months
- 3 months; 12 months
Answer: 1
Q:3 The Registrar shall not be entitled to present a petition for winding up on the ground that _____.
- The company has acted against the security of the country or public order or decency or morality, etc.
- The affairs of the company have been conducted fraudulently
- The company has not filed its financial statements or annual returns for immediately preceding 5 financial years
- The company has passed a special resolution
Answer: 4
Q:4 A copy of every petition made to the Tribunal for winding up of a company shall also be filed with shall submit his/its views to the Tribunal within ______ of receipt of such petition.
- The Registrar; 60 days
- The Central Government; 60 days
- The Registrar; 30 days
- The Central Government; 60 days
Answer: 1
Q:5 The previous approval of the Central Government is required before a petition for winding up is made by the _________.
- The company
- The Registrar
- Any contributory of the company
- Any of these
Answer: 2
Q:6 On receipt of a petition for winding up under section 272, the Tribunal shall pass its order within from the date of presentation of the petition.
- 30 days
- 60 days
- 90 days
- 120 days
Answer: 3
Q:7 Winding up' means _____.
- Winding up under the Companies Act, 2013
- Liquidation under the Insolvency and Bankruptcy Code, 2016
- Both (a) and (b)
- Winding up or liquidation or dissolution
Answer: 3
CA Final - Paper 4 - Corporate and Economic Laws - PART 1 - Corporate Laws - Section A - Company Law - Chapter 8
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