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Test: Special Courts - B Com MCQ


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10 Questions MCQ Test Company Law - Test: Special Courts

Test: Special Courts for B Com 2024 is part of Company Law preparation. The Test: Special Courts questions and answers have been prepared according to the B Com exam syllabus.The Test: Special Courts MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Special Courts below.
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Test: Special Courts - Question 1

Which government body is responsible for establishing or designating Special Courts under the Companies Act, 2013?

Detailed Solution for Test: Special Courts - Question 1
The establishment or designation of Special Courts under the Companies Act, 2013 is the responsibility of the Central Government. These Special Courts are established for the purpose of providing speedy trial of offences under the Act.
Test: Special Courts - Question 2

What is the qualification required for a person to be appointed as a judge of a Special Court?

Detailed Solution for Test: Special Courts - Question 2
To be appointed as a judge of a Special Court, a person must be holding the office of a Sessions Judge or an Additional Sessions Judge at the time of appointment.
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Test: Special Courts - Question 3

In which court are all offences under the Companies Act, 2013 triable?

Detailed Solution for Test: Special Courts - Question 3
According to Section 436 of the Companies Act, 2013, all offences under the Act shall be triable only by the Special Court established for the area in which the registered office of the company, in relation to which the offence is committed, is located.
Test: Special Courts - Question 4
Which of the following offences may be tried by a Special Court in a summary way?
Detailed Solution for Test: Special Courts - Question 4
A Special Court may try offences punishable with imprisonment up to 3 years in a summary way. This means a quicker and less formal trial procedure can be followed for such offences.
Test: Special Courts - Question 5
In case of government companies, who can file a complaint for offences committed under the Companies Act, 2013?
Detailed Solution for Test: Special Courts - Question 5
For government companies, a complaint for offences under the Companies Act, 2013 can be filed by a person authorized by the Central Government, as per the notification.
Test: Special Courts - Question 6
Who can file a complaint to take cognizance of an offence under the Companies Act, 2013 committed by a company or its officer?
Detailed Solution for Test: Special Courts - Question 6
Generally, offences under the Companies Act, 2013 committed by a company or its officer can only be taken cognizance of upon the written complaint of the Registrar, a shareholder of the company, or a person authorized by the Central Government.
Test: Special Courts - Question 7
Which Section of the Companies Act, 2013 deals with the establishment of the Mediation and Conciliation Panel?
Detailed Solution for Test: Special Courts - Question 7
Section 442 of the Companies Act, 2013 provides for the establishment and maintenance of the Mediation and Conciliation Panel for resolving disputes between parties during the pendency of proceedings.
Test: Special Courts - Question 8
What is the primary difference between mediation and conciliation?
Detailed Solution for Test: Special Courts - Question 8
In mediation, the mediator may suggest possible solutions, while in conciliation, the conciliator primarily facilitates discussions between the parties.
Test: Special Courts - Question 9
Who has the power to appoint Company Prosecutors for the conduct of prosecutions arising out of the Companies Act, 2013?
Detailed Solution for Test: Special Courts - Question 9
The Central Government has the authority to appoint Company Prosecutors for conducting prosecutions arising out of the Companies Act, 2013.
Test: Special Courts - Question 10
What is the purpose of the Compounding of Certain Offences under Section 441 of the Companies Act, 2013?
Detailed Solution for Test: Special Courts - Question 10
Section 441 of the Companies Act, 2013 provides for the compounding of certain offences, allowing companies to avoid prosecution by paying a sum specified by the Tribunal or authorized officer. This helps in resolving cases efficiently and without lengthy court proceedings.
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