MCQ for CA Final LAW - PART 1 - Corporate Laws - Section A - Company Law - Chapter 8 COMPANIES INCORPORATED OUTSIDE INDIA

Sample Multiple Choice Questions (MCQ's) for CA Final - Paper 4 - Corporate and Economic Laws - PART 1 - Corporate Laws - Section A - Company Law - Chapter 8: COMPANIES INCORPORATED OUTSIDE INDIA - For Practice relevant for May/Nov 23 Examinations

 

Q:1 Foreign company" means any company or body corporate incorporated __________ which has a place of business ________ whether by itself or through an agent, physically or through electronic mode, and conducts any business activity in India in any other manner.    

 

  1. In India; in India
  2. Outside India; in India
  3. Outside India; outside India
  4. In India; outside India

Answer: 2

Q:2 Sections _________ shall apply to all foreign companies.  

 

  1. 380 to 386
  2. Sections 392 and 393
  3. Both (a) and (b)
  4. 380 to 393

Answer: 3

Q:3 60% of the paid-up equity share capital of ABC Inc. is held by 10 Indian citizens. ABC Inc. shall, in respect of its Indian business, comply with _______, as if it were a company incorporated in India.

 

  1. Chapter XXII of the Companies Act, 2013
  2. Such provisions of the Act as may be prescribed by the Central Government
  3. Both (a) and (b)
  4. None of these

Answer: 3

Q:4 If ________ or more of ________ of a foreign company is held (whether singly or in the aggregate) by one or more Indian citizens or one or more companies or bodies corporate incorporated in India or one or more Indian citizens and one or more bodies corporate incorporated in India, then, such a foreign company shall, in respect of its Indian business, comply with Chapter XXII of the Companies Act, 2013 (viz. the Chapter Companies Incorporated Outside India' consisting of sections 379 to 393A) and such other provisions of the Act as may be prescribed by the Central Government, as if it were a company incorporated in India.

 

  1. 51%; the paid-up equity share capital
  2. 51%; the paid-up share capital (whether equity or preference or partly equity and partly preference)
  3. 50%; the paid-up equity share capital
  4. 50%; the paid-up share capital (whether equity or preference or partly equity and partly preference)

Answer: 4

Q:5 Within _______ of the establishment of place of business in India by a foreign company, it shall deliver to _________ the documents and information specified in section 380 along with Form No. ______.       

 

  1. 15 days; the Directorate of Enforcement; FC-1
  2. 30 days; the Registrar; FC-1
  3. 15 days; the Ministry of External Affairs; FC-2
  4. 30 days; the Central Government; FC-2

Answer: 2

Q:6 Any document which any foreign company is required to deliver to the Registrar shall be delivered to _______.  

 

  1. The Registrar having jurisdiction over the principal place of business of the foreign company
  2. The Registrar having jurisdiction over the place of business established by the foreign company
  3. The Registrar having jurisdiction over New Delhi None of these  
  4. The Registrar having jurisdiction over New Delhi

Answer: 3

Q:7 Which of the following is not required to be delivered for registration by a foreign company to the Registrar, when a foreign company establishes a place of business in India?          

 

  1. Expert's consent to the issue of the prospectus
  2. Full address of registered office or principal office of the company
  3. The particulars of opening and closing of a place of business in India on earlier occasion
  4. The full address of the principal place of business in India

Answer: 1

CA Final - Paper 4 - Corporate and Economic Laws - PART 1 - Corporate Laws - Section A - Company Law - Chapter 9   

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