MCQ for CA Intermediate LAW - PART 1 - CORPORATE LAWS - Chapter 2 - INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO

Sample Multiple Choice Questions (MCQ's) for CA Intermediate - Paper 2 - Corporate and Other Laws - PART 1 - Corporate Laws - Chapter 2: INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO - For Practice relevant for May/November 23 Examinations

Q:1 The Registrar issued on 8th January, a Certificate of Incorporation dated 5th January. An allotment of shares was made on 5th January. The allotment is void as it was made before the Company was incorporated.

  1. True
  2. False

Answer: 2

Q:2 A Firm may be a Member of a Company licensed u/s 8, but its Membership shall cease on dissolution of the Firm.

  1. True
  2. False

Answer: 1

Q:3 Rajesh has formed a 'One Person Company (OPC) with his wife Roopali as nominee. For the last two years his wife Roopall is suffering from terminal illness and due to this hard fact he wants to change her as nominee. He has a trusted and experienced friend Ramnivas who could be made nominee or his (Rajesh) son Rakshak who is of seventeen years of age. Whom should he nominate as nominee in place of his wife?

  1. Since blood relation can only be appointed as nominee in case of OPC, Rajesh needs to appoint his son Rakshak
  2. Rajesh can appoint his friend Ramnivas as nominee in his OPC
  3. Roopali is not agreeable to the proposal of Rajesh and hence, Rajesh cannot change her as the nominee.
  4. Either Rakshak or Mr. Ramnivas can be appointed as nominee

Answer: 2

Q:4 Contracts which entered into, by Agents or trustees on behalf of a prospective Company before it has come into existence are called-

  1. Provisional Contracts,
  2. Pre-Incorporation Contracts,
  3. Both Provisional and Pre-Incorporation Contracts,
  4. None of the above.

Answer: 1

Q:5 A Public Company can commence business after receiving

  1. Certificate of Incorporation,
  2. ROC Clearance Certificate,
  3. Both (a) and (b),
  4. None of the above.

Answer: 1

Q:6 All seven signatures on a Memorandum of Association were forged by a single person and a Certificate of Incorporation was obtained. This is a valid Certificate.

  1. True
  2. False

Answer: 1

CA Intermediate LAW - PART 1 - Corporate Laws - MCQ for Chapter 3 -   

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