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 7

1 / 50

Which of the following can be used for buy back of shares

2 / 50

If the guarantee Co. having no share capital the liability of shareholders will be

3 / 50

Own funds are called

4 / 50

Transfer of shares in the case of public company is

5 / 50

Which of the following can issue the share warrant?

6 / 50

Share warrants can be issued with the prior approval of the           

7 / 50

The company must deliver share certificate within if the shares applied for transfer.

8 / 50

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

9 / 50

________________means a company having the liability of its members limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them.

10 / 50

A small shareholder's director shall not be liable to retire by rotation:

11 / 50

The __________ measure the amount of the company's net income i.e. theoretically available for payment to the holder of its common stock.

12 / 50

A company may issue Bonus shares, out of________

13 / 50

Preference shares 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 ________ or more.

14 / 50

Which of the following capital is issued at par?

15 / 50

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

16 / 50

Which of the following are kinds of share capital?

17 / 50

Which of the following is not true: the company repurchase its own shares

18 / 50

Where a company issue shares at a premium, a sum to the equal aggregate amount of the premium received shall be transferred to a:

19 / 50

Which of the following shares can be issued at discount?

20 / 50

Where __________ resolution is passed, the offer for buy back may remain open for a period less than 15 days.

21 / 50

Preference shares 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 ________ or more.

22 / 50

The equity capital with differential voting rights shall not exceed _______ of the total post issue paid u equity share Capital.

23 / 50

A company prefer to raise more debt capital rather than equity:

24 / 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 holder’s of_________ in value of such preference shares.

25 / 50

Preferential Allotment of shares can be made by Company if authorized by ________ of members.

26 / 50

The securities premium account may not be applied for which of the following:

27 / 50

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

28 / 50

Securities Premium cannot be utilized towards:-

29 / 50

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

30 / 50

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

31 / 50

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

32 / 50

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

33 / 50

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

34 / 50

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

35 / 50

On a share of Rs. 100 of a company, a shareholder has already paid Rs.30. His Liability is now limited to ___________

36 / 50

The approval from 9/10th shareholders in value shall be received within .................. months after making of an offer on that behalf by the transferee company.

37 / 50

Following is not a reason for buy back:

38 / 50

The term Property means:

39 / 50

When an existing company offers its shares for sale to the existing shareholders, it is known as_____________.

40 / 50

Investment in which of the following is most risky?

41 / 50

Share premium received by issuing shares can be used for ___________.

42 / 50

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

43 / 50

How many types of preference shares?

44 / 50

A private company ________ issue deferred shares with disproportionate voting rights.

45 / 50

Transmission of shares takes place in the following case_____________.

46 / 50

A share certificate is required to be signed by_____________

47 / 50

Shares can be issued ____________.

48 / 50

The dividend on preference capital is paid _____________

49 / 50

Share capital of a company means ______________.

50 / 50

Underwriting means ___________.

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