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 6

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The promoters of all public Companies while making a public offer of any convertible securities may hold such securities

2 / 50

Any Company making allotment of securities on private placement basis, must file with the Registrar of Companies a return of allotment within ________ days from the date of allotment.

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All unlisted Companies shall have to issue securities in

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In a case of securities under private placement in the event of failure on the part of the Company to allot securities within 60days from the date of application money with interest.

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If the stated minimum amount has not been subscribed as the sum payable on application is not received within a period of _______ days from the date of issue of the prospectus or any other specific date prescribed by the Securities and Exchange Board, the amount received shall be returned within such time and manner as may be prescribed.

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The amount payable on application on every security shall __________ of the nominal amount of the security or such other percentage or amount, as may be specified by the Securities and Exchange Board by making regulations in this behalf.

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In which form any Company shall issue securities for public offer?

8 / 50

Who is the administrator of issues and transfer of securities and default in payment of dividend by listed companies?

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Profits on premium on shares or on debentures of the Company needs to be deducted in care of Calculating total revenue in a year for CSR expenditure proposes

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Is there any term called “Sweat Equity Shares”?

11 / 50

Does share capital means only one type of share capital?

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Can a shareholder having largest percentage of share be held liable for the acts / conduct of the company.

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Minimum paid up share capital in case of a public company is ________

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Minimum paid up share capital in case of a private company is _______

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A public company is one which has a minimum paid up capital Rs ______lakhs.

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An ordinary resolution at a general meeting of the shareholders is  for

17 / 50

The companies (Amendment) Act, 2000 provides new section 292-A for constitution of audit committees by every public company having a paid up capital of

18 / 50

Which company shares can be freely transferable?

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The return of allotment must be filed with the registrar of companies within_________of allotment

20 / 50

The number and nominal amount of shares allotted must be stated in__________

21 / 50

Many public companies provide in their articles for an allottee to give up the right over the shares allotted to him either wholly or partly and transfer the allotment made to him to some other person. This is known as__________

22 / 50

When a large block of shares has been allotted to a single person, the company may at his request, divide the original allotment letter into a number of small allotment letters. This is called

23 / 50

SEBI’s code of Corporate Governance provides from the constitution of share holders committee under the chairmanship of____________

24 / 50

The nominal value of the qualification shares of a director must not exceed.

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The minutes book can be inspected by the

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The minutes of the share holder’s meeting are to be kept at the __________office of the company and must be open to inspection.

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For declaration of dividend no _________resolution is required.

28 / 50

A public company having a share capital can start its business on obtaining

29 / 50

Which of the following statements is correct?

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From below, point out which of the following is not a requirement or condition needs to be complied with to make allotment of shares effective__________

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No company limited by shares shall issue any preference share which is redeemable or irredeemable after the expiry of a period of____________

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Every company making an allotment of shares or debentures is obliged to the allottee a certificate of shares within____________

33 / 50

Issuance of a share warrant is necessary, so that __________

34 / 50

Public limited company paid up capital share is Rupees ______________

35 / 50

For reducing its share capital it should give notice to whom?

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________ resolution should be passed by the company to offer shares to outsiders

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____ are the shares issued by the company to it employees or directors for consideration other than cash

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XYZ Co. is a holding of XZ Pvt. Company. XZ Co. issued deferred shares. The issue is valid or void.

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XYZ Co, is having 15% share capital held by X Company and 50% held by Central Government and 10% held by State Government and 25% held by other people then that company will be

40 / 50

XYZ Co, is having 10% share capital held by another Public Company and 35% held by Central
Government and 55% held by people then that Company is

41 / 50

X Company is holding majority of shares in Y company. Will X and Y companies will be the same.

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Proxies cannot vote on_________

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Paying back of capital is called

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If the company has not received permission for listing from stock exchange and repayment of amount delayed by more than 8 days the minimum interest should be paid is

45 / 50

Name of the member is struck off from the register in case of____________

46 / 50

If the permission has not been granted or not applied for permission for listing through stock
exchange. The allotment of shares will be void in case of public company

47 / 50

Which one of the following has a right to claim compensation for any loss due to mis-statement in prospectus

48 / 50

Balance in securities premium A/c should be utilized for declaring dividends.

49 / 50

Deposits should issued within ___ weeks from the date of receipt of money.

50 / 50

Paying back of capital is called

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