MCQ for CA Final LAW - PART 1 - Corporate Laws - Section A - Company Law - Chapter 9 MISCELLANEOUS PROVISIONS

Sample Multiple Choice Questions (MCQ's) for CA Final - Paper 4 - Corporate and Economic Laws - PART 1 - Corporate Laws - Section A - Company Law - Chapter 9: MISCELLANEOUS PROVISIONS - For Practice relevant for May/Nov 23 Examinations

Q:1 Nidhi' or Mutual Benefit Society' means a company which _________ may, by notification in the Official Gazette, declare to be a Nidhi or Mutual Benefit Society, as the case may be.


  1. The Central Government
  2. The Tribunal
  3. The Regional Director
  4. Any of these

Answer: 1

Q:2 Where any notification granting any exemption to any Nidhi is proposed to be issued, a copy of such notification shall be laid in draft before each House of Parliament, while it is in session, for a total period of _______. 


  1. 7 days
  2. 15 days
  3. 30 days
  4. 60 days

Answer: 3

Q:3 A Nidhi may be incorporated as ________.               


  1. A private company
  2. A public company
  3. Either (a) or (b)
  4. None of these

Answer: 2

Q:4 Every Nidhi shall ensure that its membership is not reduced to less than ________ members at any time.


  1. 100
  2. 200
  3. 500
  4. 1000

Answer: 2

Q:5 Deposits may be accepted in the name of a minor, if such deposits are made by __________.


  1. The natural or legal guardian
  2. The natural or legal guardian who is a member of Nidhi
  3. Any person who is a member of Nidhi
  4. None of these

Answer: 2

Q:6 The director of a Nidhi shall hold office for a term up to ______ consecutive years.              


  1. 10
  2. 5
  3. 3
  4. 2

Answer: 1

Q:7 "Statement (1): A director of Nidhi may not be a member of Nidhi.

Statement (2): A director of Nidhi shall be a depositor of Nidhi."            


  1. Only Statement (1) is correct
  2. Only Statement (2) is correct
  3. None of the Statements is correct
  4. Both the Statements are correct

Answer: 4

CA Final - Paper 4 - Corporate and Economic Laws - PART 1 - Corporate Laws - Section A - Company Law - Chapter 10   

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