MCQ for CA Intermediate LAW - PART 1 - CORPORATE LAWS - Chapter 5 - ACCEPTANCE OF DEPOSITS BY COMPANIES

Sample Multiple Choice Questions (MCQ's) for CA Intermediate - Paper 2 - Corporate and Other Laws - PART 1 - Corporate Laws - Chapter 5: ACCEPTANCE OF DEPOSITS BY COMPANIES - For Practice relevant for May/November 23 Examinations

 

Q:1 Issue of Debentures with Voting Rights is not permissible. (M 10, M12) Debentures with Voting Rights can be issued only if permitted by the AOA. M 15

  1. True
  2. False

Answer: 1

Q:2 A Government Company, which is eligible to accept Deposits under Section 76 of the Companies Act, 2013 cannot accept deposits from public exceeding 25% of the aggregate of its Paid Up Capital, Free Reserves and Securities Premium Account. M 19

  1. True
  2. False

Answer: 2

Q:3 Pari Passu Clause in a Debenture means -

  1. All Debentures of the series are to be paid full,
  2. All Debentures of the series are to be paid rateably,
  3. Any one of the above two methods,
  4. None of the above.

Answer: 2

Q:4 Debentures may be -

  1. Secured or Unsecured Debentures,
  2. Perpetual Debentures,
  3. Registered Debentures,
  4. Any of the above.

Answer: 4

Q:5 Any concerned depositor can make application to the _____ if a company fails to repay deposits or part thereof or any interest thereon.

  1. Board of Directors
  2. RBI
  3. High Court
  4. NCLT

Answer: 4

CA Intermediate LAW - PART 1 - Corporate Laws - MCQ for Chapter 6 -   

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