Final PN-13 Corporate and Economic Laws Quiz 10

1. The            may also file application to the Tribunal, if it is satisfied that the affairs of the company are being conducted in a manner prejudicial to the public interest

2. The words ‘Oppression’ and ‘mismanagement’ are defined in ?

3. Which Section, states that the transferee company shall file a copy of the scheme so approved in the manner as may be prescribed, with the Central Government, Registrar and the Official Liquidator

4. Persons desirous of getting a licence under section 8, shall make an application in form?

5. Under which section of the Companies Act, 2013, a memorandum is a public document ?

6. The Company shall furnish to the Registrar verification of its registered office, in which Form ?

7. Company which is formed and registered under this Act for a future project or to hold an asset or intellectual property and has no significant accounting transaction during the last two financial years or has not filed financial statements and annual returns during the last two financial years,

8. Minimum members are required to form the Public company.

9. Under OPC, The Company may have a maximum number of                 directors.

10. On the Basis of Liability, in which company the liability of each member extends to the whole amount of the company’s debts and liabilities but he will be entitled to claim contribution from other members.

11. The companies which are created by a special Act of the Legislature

12. Promoters may decide to prepare and sign a Memorandum of Understanding or Memorandum of Agreement, this is also called

13. A minor can be nominated as a nominee in Life Insurance Policy by its

14. The Director prepared the annual accounts in Director Responsibility Statement on a/an

15. Corporate Governance is a blend of the Internal and External Corporate Governance

16. Which of the following is the advantage of the family business over non-family business?

17. The Accounts of the NFRA shall be audited by

18. An Eligible company intending to invite deposits is required to isssue a circular in the form of an Advertisement in?

19. A company must execute a deposit trust deed at least              days before issuing the circular or circular in the form of advertisement

20. Which of them will be considered as deposits?

21. The OPC are allowed to file financial Statements within          

22. Who approves the resolution plan:

23. In case of IBC, When is the public announcement required to be made

24. Which is the highest appellate authority in case of IBC:

25. Who can initiate Corporate Insolvency Resolution Process (CIRP):