MCQ for CA Foundation LAW - PART 1 - BUSINESS LAW - Chapter 5 THE COMPANIES ACT, 2013
Sample Multiple Choice Questions (MCQ's) for CA Foundation - Paper 2 - Business Laws and Business Correspondence and Reporting - PART 1 - BUSINESS LAW - Chapter 5: THE COMPANIES ACT, 2013 - For Practice relevant for Dec 22 and May/June 23 Examinations
Q:1 Maximum number of members under a private company as provided under the Companies Act, 2013.
- 50
- 150
- 200
- No limit
Answer: 3
Q:2 Under the Companies Act, 2013, “Significant influence” constitutes how much % of total share capital or of business decisions under an agreement?
- At least 2%
- At least 2.5%
- At least 10%
- At least 20%
Answer: 4
Q:3 A Private Company which is subsidiary of a Public Company is treated as-
- Public Company
- Private Company
- Holding Company
- Dormant Company
Answer: 1
Q:4 Which one of the following is not the content of the Memorandum of Association?
- Name clause
- Registered office clause
- Objects clause
- Board of Directors clause.
Answer: 4
Q:5 Turquand Rule is related to:
- Doctrine of ultra vires
- Doctrine of constructive notice
- Doctrine of indoor management
- Doctrine of subrogation
Answer: 3
Q:6 The minimum number of members in a private company and public company are
- Three and Seven respectively
- Two and seven respectively
- Two and nine respectively
- None of the above
Answer: 2
Q:7 Only a natural person who is an Indian citizen and who has stayed in India for a period of at least _____ days during the immediately preceding financial year shall be eligible to incorporate an OPC.
- 180 days
- 181 days
- 120 days
- 183 days
Answer: 3
Q:8 XYZ Limited is having 15% share capital held by X Limited and 50% held by Central Government and 10% held by State Government and 25% held by other people then that company will be _________ .
- Government Company
- Private Company
- Public Company
- Dormant company
Answer: 1
Q:9 The Doctrine of indoor management is a protection that is available to:
- Shareholders
- Outsiders who deal with the company
- Board of Directors
- Creditors
Answer: 2
Q:10 The doctrine which advocates the fact that company cannot act beyond the scope of its memorandum of association is:
- Doctrine of constructive notice
- Doctrine of indoor management
- Doctrine of ultra vires
- Doctrine of intra vires
Answer: 3
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