Final PN-13 Corporate and Economic Laws Quiz 11

1. Schedule II of Current Account Rules relates to:

2. A person resident in India may acquire foreign property without prior approval of RBI if:

3. False statements or material omissions by a party to a combinationv attract a minimum penalty of:

4. Cartel' as defined under the section 2C of the Competition Act, 2002 may take place between:

5. All sums realised by way of penalties under the competition Act, 2002 are credited to :

6. Which of the following does not fall under the definition of “encumbrance” in context of disclosure?

7. What is the minimum public float that must be maintained after acquisition

8. In the case of connected persons, the burden of proving absence of possession of UPSI lies on:

9. A hostile takeover is defined as:

10. What is the maximum time within which pre-cleared trades must be executed under the Code of Conduct?

11. No person shall hold the position of small shareholders’ director inmore than                companies at the same time.

12. If the Auditor has resigned from the company, he shall file within a period of           from the date of resignation, a statement in the form        with the company and the Registrar.

13. In the case of a company whose accounts are subject to audit by an auditor appointed by the Comptroller and Auditor General of India, casual vacancy of an auditor be filled by the Comptroller and Auditor General of India within

14. An auditor appointed in a casual vacancy shall hold office until the conclusion of the:

15. In the course of doing business if a MSME unit goes to next category,

16. The ultimate order of winding up of a banking company in India, emerges from the

17. Which of the following is not a type of dividend?

18. A company shall inform the auditor concerned of his or its appointment, and also file a notice in the Form       

19. The company shall also attach along with its financial statement, a separate statement containing the salient features of the financial statement of its subsidiary or subsidiaries in Form ?

20. In which Form the company shall send a statement of amount credited to IEPF to the authority which administer the fund.

21. The amount of dividend which have remained unclaimed and unpaid for a period of seven years from the date they became due for payment shall be credited to ?

22. The amount of the dividend, including interim dividend, shall be deposited in a scheduled bank in a separate account within ------ from the date of declaration of such dividend

23. The rate of dividend declared shall not exceed the average of the rates at which dividend was declared by it in the   years immediately preceding that year

24. Unlisted Companies are also called ?

25. What is the correct meaning of the legal term "mutatis mutandis"?