Company Law - Questions and Answers for Competitive Exams | GkSeries

37. A share certificate is required to be signed by_____________

1. [A] company secretary.
2. [B] two directors.
3. [C] two directors and company secretary
4. [D] all directors and company secretary

Answer: Option [C]

38. A secretary should have sound knowledge of_______________.

1. [A] company law.
2. [B] tax laws.
3. [C] labour laws.
4. [D] all of these.

Answer: Option [A]

39. Transmission of shares takes place in the following case_____________.

1. [A] sale of shares.
2. [B] theft of shares.
3. [C] operation of any law.
4. [D] all of these.

Answer: Option [C]

40. The dividend on preference capital is paid___________.

1. [A] whenever there are profits
2. [B] only if there are profits
3. [C] even if there are no profits.
4. [D] only when the directors recommend it

Answer: Option [D]

41. A private company ________issue deferred shares with disproportionatevoting rights

1. [A] can ony
2. [B] can
3. [C] cannot
4. [D] can with the prior approval of the government

Answer: Option [A]

42. When is a company said to have been registered?

1. [A] when it files the memorandum of association with the registrar if companies
2. [B] when it gets the certificate of incorporation
3. [C] when it gets the certificate of commencement of business
4. [D] when it actually starts its business

Answer: Option [A]

43. how many types of preference shares

1. [A] 8
2. [B] 7
3. [C] 6
4. [D] 5

Answer: Option [A]

44. The debenture holders of a company are companys____________.

1. [A] owners
2. [B] creditors
3. [C] customers
4. [D] all of these

Answer: Option [B]

45. A share certificate is required to be signed by__________.

1. [A] company secretary
2. [B] two directors
3. [C] two directors and company secretary
4. [D] all directors and company secretary.

Answer: Option [C]

46. Transmission of shares takes place in the following case

1. [A] sale of shares.
2. [B] theft of shares
3. [C] operation of any law.
4. [D] all of these

Answer: Option [C]

47. To enable a company to pay dividends, a special authority is ___________.

1. [A] not needed either in the memorandum or in the articles
2. [B] needed either in the memorandum or in the articles
3. [C] needed only in the memorandum
4. [D] needed only in the articles

Answer: Option [A]

48. According to the companies act, which one of the following companies can commence allotment of shares even before the minimum subscription is subscribed or paid?

1. [A] Charted company
2. [B] Private company
3. [C] Government company
4. [D] Public limited company

Answer: Option [B]