Corporate Prep Test

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Corporate Prep Test

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This practice test focuses on issue of shares, allotment, calls, forfeiture, transfer, and related capital provisions under company law.

Equity Share & Share Capital- Practice Test 12

1 / 50

The dividend on preference capital is paid ___________

2 / 50

Share capital of a company means _________

3 / 50

Underwriting means ______________

4 / 50

A shareholder purchased in the open market, share of a company whose prospectus contained some misstatements. He _______________

5 / 50

The liability of a shareholder in a company limited by shares is _______

6 / 50

On a share of Rs.100/- of a company, a shareholder has already paid Rs.30. his liability is now limited to _______

7 / 50

All monies received within the application of shares are to be deposited ________

8 / 50

The _____ on equality shares is not cumulative.

9 / 50

The share capital of a company may be reduced by ________

10 / 50

A company may issue bonus shares, out of __________

11 / 50

Preference shareholders are entitled to vote on every resolution placed before the company at any meeting if the dividend due on such shares are in arrears for a period of _______ years or more.

12 / 50

Which of the following capital is issued at par?

 

13 / 50

Share means a share in the share capital of a company and includes _________

14 / 50

Following is not a reason for buy back:

 

15 / 50

Register of Sweat Equity Shares is to be maintained in ____

16 / 50

Equity share capital, with reference to any company limited by shares, means all share capital which is not -

17 / 50

An unlisted company may issue a sweat equity share in which of the following condition is fulfilled?

18 / 50

Sweat Equity shares shall not exceed ______ of the paid-up equity capital of the company at any time.

19 / 50

The shares with differential rights shall not exceed ……. Percent of the total post-issue paid-up equity share capital including equity shares with differential rights issued at any point of time.

20 / 50

A company limited by shares ……. Issue any preference shares which are irredeemable.

21 / 50

For buy Back of more than 10% of capital, is required.

22 / 50

Company can bring of preference shares by passing _____

23 / 50

The special resolution passed for the issuance of Sweat Equity Shares is valid for a period of ___________

24 / 50

When the company is bringing issue at a price lesser than market price for its existing holders. It is called ___________

25 / 50

Every preference shareholder shall have a right?

26 / 50

Where the holders of the less than ______ of the issue share of a class did not consent to variation or vote in favour of the special resolution for the variation of shareholders right they may apply to the tribunal to have the variation cancelled:

27 / 50

Every public company having a paid-up share capital of ______ or more shall have whole-time key managerial personnel:

28 / 50

Who has a right to vote in every resolution placed before the company

29 / 50

No person shall hold the position of small shareholders’ director in more than one company at the same time:

30 / 50

ABC Ltd wishes to issue equity shares with differential rights, as a company secretary of the company you are advised to guide the Board on maximum percent, the company can issue such shares?

31 / 50

Which of the followings are kinds of share capital?

32 / 50

Which of the following is not true when the company repurchases its own shares?

33 / 50

Which of the following shares can be issued at discount?

34 / 50

Where ___________ is passed, the offer for buy back may remain open for a period of not less than 15 days.

35 / 50

Section 162 is not applicable to Shareholders of -

36 / 50

Preference share holders are entitled to vote on every resolution placed before the company at a meeting if the dividend due on such shares are in arrears for a period of ________ or more.

37 / 50

The equity capital with differential voting rights shall not exceed______ of the total post issue paid equity share capital.

38 / 50

Where a company is not in a position to redeem its preference shares, it may redeem unredeemed preference shares by issue of further preference shares with consent of holders of __________ in value of such preference shares.

39 / 50

Preferential allotment of shares can be made by company if authorised by __________ of members.

40 / 50

In case of Redemption of Preference Shares, the Company is required to submit SH-7 to ROC in _______ days.

41 / 50

The detail with respect to issue to DVR shares shall be provided by company in its _________

42 / 50

The ____________ undertakes the guarantee of buying the whole of shares or debenture placed before public in the event of non-subscription.

43 / 50

Securities premium cannot be utilised towards_______

44 / 50

Sweat Equity share means equity shares issued by a company to its directors or employee:

45 / 50

A company may issue equity shares with differential rights upon expiry of _____ years from the end of the financial year in which such default was made good.

46 / 50

Notice of right offer shall be despatched to all the shareholders at least ____ days before opening of the offer.

47 / 50

A company limited by shares may, if so authorised by the articles, issue preference shares which are liable to be redeemed within a period of not exceeding ______ from the date of their issue.

48 / 50

A company which has a paid-up share capital of 5 crores or more shall have a whole-time ________

49 / 50

Small Shareholders means a shareholder holding shares of nominal value of not more than _______ or such other sum as may be prescribed.

50 / 50

A company is named as government company if it holds ______% of paid up share capital

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