Categories: Education

Q.21. ______ is the first stage in the formation of a company

1. Promotion
2. Raising of Capital
3. Incorporation
4. Commencement of business

Answer: (A) Promotion

Q.22. ______ is issued by any financial constitution or bank for on e or more of issues of securities or class of securities specified in the prospectus.

1. A bridged prospectus
2. Shelf Prospectus
3. Deemed Prospectus
4. Red Herring Prospectus

Answer: (B) Shelf Prospectus

Q.23. ______ is a shorter version of the prospectus and contains all the salient features of a prospectus that forms a part of the memorandum.

1. Deemed prospectus
2. A bridged prospectus
3. Red herring prospectus
4. Shelf prospectus

Answer: (B) A bridged prospectus

Q.24. On which of the following dates the companies Act, 1956 come in to force?

1. 31st March 1956
2. 1st April 1956
3. 31st March 1957
4. 1st April 1957.

Answer: (B) 1st April 1956

Q.25. ______ of schedule I of the companies Act, which gives the specimen of memorandum of a company limited by shares

1. Table B
2. Table A
3. Table D
4. Table E

Answer: (A) Table B

Q.26. If at the registration, a company limited by shares does not file articles of association with the registrar, then

1. The company deemed to have adopted Table A
2. The company cannot be registered without this document
3. The company is deemed to have become a company with unlimited liability
4. None of the above

Answer: (A) The company deemed to have adopted Table A

Q.27. ______ document contains the rules, regulations and bye-laws for the internal management of the company

1. Memorandum of Association
2. Article of Association
3. Prospectus
4. Statement in lieu.

Answer: (B) Article of Association

Q.28. The forms of Memorandum of association are given in tables _____ in schedule I of the companies Act 1956

1. B, A&E
2. B, C, D&E
3. A, C, D&E
4. D, A, E.

Answer: (B) B, C, D&E

Q.29. Doctrine of constructive notice means ______

1. Notice of alternation of object clause to the registrar
2. Notice to outside dealing with the registrar as to contents of memorandum and articles
3. Notice of change of name to members
4. Notice to public as to issue of prospectus.

Answer: (B) Notice to outside dealing with the registrar as to contents of memorandum and articles

Q.30. _____ vacancy is caused by resignation, death, insolvency or insanity

1. Casual
2. General
3. Special
4. None of the above

Answer: (A) Casual