Corporate Law MCQ on Introduction to Company
Corporate Law MCQ Questions with Answers
1. Indian company act 1956 was based on the which committee
(a) Bhabha Committee
(b) Company Law committee 1952
(c) Company Law 1956
(d) Bhabha Committee & Company Law committee 1952
Ans- (d) Bhabha Committee & Company Law committee 1952
2.In howmany schedule are there in company act 2013
(a) 8
(b) 7
(c) 5
(d) 3
Ans-(b) 7
3.The first company legislation was enacted in which country ?
(a) England
(b) USA
(c) UAE
(d) None of the Above
Ans- (a) England
4.Minimum number of member in case of public limited company
(a) 4
(b) 5
(c) 6
(d) 7
Ans-(d) 7
5.Minimum number of member in case of private limited company
(a) 1
(b) 2
(c) 3
(d) 4
Ans-(b) 2
6.Maximum number of member in case of private limited company
(a) 100
(b) 200
(c) 300
(d) 400
Ans-(b) 200
7.Maximum number of member in case of public limited company
(a) 1000
(b) 1000000
(c) 1000000000000
(d) Unlimited
Ans- (d) Unlimited
8.A company is a separate …. Entity
(a) Legal entity
(b) Illegal entity
(c) Physical entity
(d) Business entity
Ans- (a) Legal entity
9.The liability of the shareholder of the company is
(a) 1000
(b) Limited
(c) Unlimited
(d) 200
Ans- (b) Limited
10.The company act 2013 consist of how many section ?
(a) 370
(b) 570
(c) 470
(d) 270
Ans-(c) 470
Corporate Law MCQ on Kinds of Company
1. The earliest form of incorporation of company is
(a) Statutory company
(b)Chartered company
(c)Registered company
(d) Dormant company
Ans- (b)Chartered company
2. In company act 2013 , which section defind the type of company
(a) Section 1
(b) Section 2
(c) Section 3
(d) Section 4
Ans- (b)Section 2
3. Example of statutary company
(a) Life insurance corporation
(b) Hindustan gas
(c) Hotel Tajmahal
(d) Ramai talkies pvt. Limited
Ans- (a)Life insurance corporation
4. Section of Private company
(a) Sec 2(68)
(b) Sec 2(86)
(c) Sec 3(68)
(d) Sec 3(86)
Ans- (a)Sec 2(68)
5. Section of public company
(a) Sec 2(54)
(b) Sec 2(44)
(c) Sec 2(71)
(d) Sec 2(17)
Ans- (c)Sec 2(71)
6. Section of government company
(a) Sec 2(45)
(b) Sec 2(54)
(c) Sec 2(44)
(d) Sec 2(55)
Ans- (a)Sec 2(45)
7. Section of Holding & Subsidiary company
(a) Sec 2(43)
(b) Sec 2(44)
(c) Sec 2(45)
(d) Sec 2(46)
Ans- (d)Sec 2(46)
8. Section of Foreign company
(a) Sec 2(41)
(b) Sec 2(42)
(c) Sec 2(43)
(d) Sec 2(44)
Ans- (b)Sec 2(42)
9. Section 45(1) deals with
(a) Insurance company
(b) Investment company
(c) Finance Companies
(d) None of the above
Ans- (c)Finance Companies
10. Full Form of FERA
(a) Foreign Exchange Regulation Act
(b) First Exchange Rural Accounting
(c) Foreign Exchange Rate Accounting
(d) Foreign Export Regulation Acting
Ans- (a)Foreign Exchange Regulation Act
11. One person company(OPC) comes under section
(a) 2(61)
(b) 2(62)
(c) 2(63)
(d) 2(64)
Ans-(b)2(62)
12. Section 445 related to
(a) Small company
(b) One person company
(c) Dormant Company
(d) Producer Company
Ans- (c)Dormant Company
13. Minimum Paid up share capital of Small Company is
(a) 50 lakh
(b) 500 lakh
(c) 5 lakh
(d) 05 lakh
Ans-(a)50 lakh
14. Maxmimum Paid up share capital of small company is
(a) 50 crore
(b) 05 crore
(c) 500 crore
(d) 5000 crore
Ans-(b)05 crore
15. Assets shielding concept is otherwise known as
(a) Investment company
(b) Finance company
(c) Holding company
(d) Dormant company
Ans- (d)Dormant Company
Also Read Financial Management MCQ
