MCQ for CA Intermediate LAW - PART 1 - CORPORATE LAWS - Chapter 6 - REGISTRATION OF CHARGES

Sample Multiple Choice Questions (MCQ's) for CA Intermediate - Paper 2 - Corporate and Other Laws - PART 1 - Corporate Laws - Chapter 6: REGISTRATION OF CHARGES - For Practice relevant for May/November 23 Examinations

Q:1 The Registrar of Companies is not bound to Issue notice to the Holder of charge, if the Company gives intimation of satisfaction of charge in the specified form and signed by the Holder of charge. M 19

  1. True
  2. False

Answer: 1

Q:2 The particulars of a Registrable Charge must be filed with the Registrar within -

  1. 14 days,
  2. 21 days,
  3. 30 days,
  4. 45 days.

Answer: 3

Q:3 If a Registrable Charge is not registered, the debt is not recoverable. (M 10, M 13)

  1. True
  2. False

Answer: 2

Q:4 The Registrar of Companies may allow the Company or Holder of charge to file intimation within a period of 300 days of the satisfaction of charge on payment of Fee and Additional Fees as may be prescribed. M 19

  1. True
  2. False

Answer: 1

Q:5 A charge was created by Cygnus Softwares Limited on its office premises to secure a term loan of ₹ 1.00 crore availed from Next Gen Commercial Bank Limited through an instrument of charge executed by both the parties on 16th February, 2019. Inadvertently, the company could not get the charge registered with the concerned Registrar of Companies (ROC) within the first statutory period permitted by law and the default was made known to it by the lending banker with a stern warning to take immediate steps for rectification. Advise the company regarding the latest date within which it must register the charge with the ROC so that it is not required to pay a specific type of fees for charge registration. RTP(N 19)

  1. With a view to avoid paying a specific type of fees for charge registration, the company must get the charge registered latest by 27th April, 2019.
  2. With a view to avoid paying a specific type of fees for charge registration, the company must get the charge registered latest by 17th April, 2019.
  3. With a view to avoid paying a specific type of fees for charge registration, the company must get the charge registered latest by 2nd May, 2019.
  4. The company cannot now get the charge register as the time prescribed by Law has expired.

Answer: 2

CA Intermediate LAW - PART 1 - Corporate Laws - MCQ for Chapter 7 -   

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