Test: Companies Act- 2 - CA Foundation MCQ

Passed by the members and with sanction of the central Government.

Passed by the members and approved by the Registrar of companies.

Passed by the members and approved by the company Law Tribunal.

Passed by the members and approved by the auditors.

If the company is established outside India and has a place- of business in India.

A company incorporated outside India having shareholders who are all Indian citizens and having its business outside India.

A company incorporated in India but having all foreign shareholders.

Both (a) and (b).

That of an agent. 

That of a trustee.

That of a solicitor. 

In a fiduciary capacity.

It files Memorandum of association and Articles of Association.

It gets incorporation certificate with the Registrar of Companies.

It gets certificate for commencement of business.

It actually starts its business.

At any time.

After obtaining the certificate of incorporation.

After obtaining the certificate to commence business.

None of the above.

A public company.

A private company.

Both public and private companies.

private company subsidiary to a public company.

Rs.10 lakh or more. 

Rs. 50 lakh or more.

Rs.1 crore or more. 

Rs.50 million or more.

Auditors

Company Secretary

 Non- executive Directors

 All

Sabhanayagam Report. 

Kumaramangalam Birla report.

Narasimham Report. 

L.C. Gupta Report.

Statutory Auditors

SEBI

Board of Directors

Central Government

5 companies. 

10 companies.

15 companies. 

20 companies.

5% of the net profits. 

6 % of the net profits.

7 % of the net profits. 

10% of the net profits.

Public

Shareholders

Promoters

Government

Seven

Three

Two

One

10% of the net profits

5% of net profit

11% of net profit

8% of net profit

Power to sell the company’s undertakings.

Power to make call.

Power to borrow money in excess of the paid up capital.

Power to reappoint an auditor.

An individual

A body corporate

A firm

An association

Rs. 1000

Rs.2000.

Rs.4000.

Rs. 5000 or the nominal value of one share where it exceeds Rs.5000.

Central Government.

Company Law Tribunal.

Company in General Meeting.

Board of Directors.

Additional Directors

Filling up the Casual vacancy

Alternate Directors

All the above