Form Filing & Compliances – Practice Test 1

Practice MCQs covering statutory filings, ROC forms, annual returns, event-based compliances, and reporting obligations under the Companies Act.

Form Filing & Compliances- Practice Test 1

1 / 50

An exception to the doctrine of constructive notice is____________.

The doctrine of ultra vires

The doctrine of indoor management

Lifting the corporate veil

The doctrine of ultra vires in Articles of Association

2 / 50

The Companies Act, 2013 has been notified in the official gazette on _______

29th August, 2013

25th August, 2013

30th August, 2013

None of the above

3 / 50

The Companies Act, 2013 passed by the Parliament has received the assent of the President of India on _________

29th August, 2013

25th August, 2013

30th August, 2013

None of the above

4 / 50

The listed entity shall comply with the minimum public shareholding requirements as specified in

The Securities Contracts (Regulation) Rules, 1957

SEBI(LODR) Regulation 2015

SEBI(ICDR) Regulations, 2018

None of the above

5 / 50

In case of a company under going under the CIRP, who will take care of compliance part

Board of directors of the company

IBBI

Insolvency Resolution Professional Resolution Professional

Committee of Creditors

6 / 50

The listed entity shall formulate a vigil mechanism

For customer only to report genuine concerns

For directors only to report genuine concerns

For employees only to report genuine concerns

Only (B) and (C) are correct

7 / 50

The quarterly and year to date results shall be prepared in accordance with the recognition and measurement principles laid down in

Accounting standard 25 or Indian Accountant Standard 31 (AS 25 or/Ind AS 34- Interim Financial Reporting) as applicable, specified in section 133 of the Companies Act, 2013

Accounting Standard 25

Indian Accounting Standard 31

None of the above

8 / 50

The minimum offer to the public shall be as per the provisions of

Securities Contracts (Regulations) Rules, 1957

SEBI (ICDR) Regulation, 2018

Companies Act, 2013

SEBI (LODR) Regulation, 2015

9 / 50

The issuer may release advertisements for issue opening and issue closing, which shall be in the formats specified in

Schedule X

Schedule XI

Schedule XII

Schedule IX

10 / 50

All public communication, publicity materials advertisements and research reports shall comply with the provisions of

Schedule X

Schedule XI

Schedule XII

Schedule IX

11 / 50

Which section of the Securities and Exchange Board of India Act, 1992 have conferred powers to the SEBI to make the SEBI (ICDR) Regulation, 2009

Section 30

Section 28

Section 29

Section 31

12 / 50

Any person aggrieved by an order of the SEBI made before the commencement of the Securities Laws (Second Amendment) Act, 1999 under this Act, or the regulation made thereunder may prefer an appeal to

The Special Court

The High Court

The Central Government

The SAT

13 / 50

The SAT

Shall have powers to regulate their own procedure

Shall not be bound by the procedure laid down by the Code of Civil procedure, 1908

Shall be guided by the principle of natural justice

All of the above

14 / 50

The Companies Act, 2013 provides the Code of Conduct for Independent Director in

Schedule V

Schedule III

Schedule VI

Schedule IV

15 / 50

Independent Director has been defined under which section of the Companies Act, 2013

Section 149(6)

Section 2(34)

Section 2(94)

Section 2(54)

16 / 50

The qualifications of an Independent Director have been prescribed under

The Companies (Appointment and Qualifications of Directors) Rules, 2014

The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014

The Companies (Management and Administration) Rules, 2014

The Companies (Accounts) Rules, 2014

17 / 50

Risk Policy has been prescribed under

SEBI (LODR) regulations, 2015

SEBI Act, 1992

SEBI (ICDR) Regulations, 2018

None of the above

18 / 50

Nomination and remuneration Policy has been prescribed in the Companies Act, 2013, under which section

Section 149(8)

Section 134 (3)(n)

Section 178(3)

Section 135(3)(a)

19 / 50

Corporate Social responsibility Policy has been prescribed under which section of the Companies Act, 2013

Section 177(4)

Section 134(3)(n)

Section 198(4)

Section 135(3(a)

20 / 50

Risk management Policy has been prescribed under which section of the Companies Act, 2013

Schedule IV-Part-II

Section 198(4)

Section 134(3)(n)

Section 177(4)

21 / 50

Whistle Blower Policy has been prescribed under

SEBI (LODR) regulations, 2015

Companies Act, 2013

SEBI (ICDR) Regulations, 2018

SEBI Act, 1992

22 / 50

Vigil Mechanism policy has been prescribed in the Companies Act, 2013, under which section

Section 149(8)

Section 177(10)

Section 134(3)(n)

Section 135(a)

23 / 50

As per SEBI(LODR) regulations, 2015, the listed entity which has listed its specified securities shall comply with the corporate governance provisions as specified in

Chapter II

Chapter IV

Chapter III

Chapter I

24 / 50

Which Schedule of the SEBI(LODR) Regulations, 2015 deals with Corporate Governance

Schedule III

Schedule IV

Schedule II

Schedule I

25 / 50

Every person who has been appointed to hold the office of a director shall on or before the appointment furnish to the company a consent in writing to act as such in

Form DIR-3

Form DIR-2

Form DIR-4

Form DIR-1

26 / 50

Lead Independent Director has been defined in

SEBI(ICDR) Regulations, 2018

The Companies Act, 2013

SEBI(LODR) Regulations, 2015

None of the above

27 / 50

The principles of SS-2 are not applicable to

Meeting of Class Members

Meeting of debenture Holder

Meeting of Creditors

None of the above

28 / 50

The SS-2 is not applicable to

Private Ltd Company

One Person Company(OPC)

Company licensed under Section 8 of the Companies Act, 2013

Only B and C

29 / 50

Where any changes are made in the Companies Act, 2013, some of the provisions of SS-2 may become inconsistent with the Act. In such a situation

The provisions of the Articles of the Company shall prevail

The provisions of the SS-2 shall prevail

The provisions of the Act shall prevail

None of the above

30 / 50

SS-1 is applicable on the meetings of

Remuneration Committee

Board of Director

Audit Committee

All of the above

31 / 50

Where there is any ambiguity in the Secretarial Standards and the Companies Act, 2013

The provisions contained in the Secretarial Standards will prevail

The Regional Director shall be the final authority to decide on the matter

The provisions of the Companies Act, 2013 and its Rules will prevail

The Regional of the Companies shall be the final authority to decide in the matter

32 / 50

SS-1 contains _______ standards

Twenty

Eight

Nine

Ten

33 / 50

SS-1 is not applicable on

Public Ltd Companies

One person Company having only one Director in the Board

Small Companies

Private Ltd Companies

34 / 50

Which section of the Companies Act, 2013 specifically deals with the related Party Transactions

Section 178

Section 177

Section 188

Section 2(76)

35 / 50

Any director, who had entered into or authorised the contract or arrangement in violation of the provisions of section 188 shall, in case of unlisted company, be liable to a penalty of

10 lakh

1 lakh

3 lakh

5 lakh

36 / 50

Schedule _______ prescribes the activities which may be included in by the companies in their CSR Policies

Schedule V

Schedule VII

Schedule VI

Schedule IV

37 / 50

The CSR Committee shall formulate and recommend to the Board, a CSR Policy which shall indicate the activities to be undertaken by the company in areas, specified in

Schedule VIII

Schedule VII

Schedule V

Schedule VI

38 / 50

Which section of the Companies Act, 2013 relates to CSR

Section 140

Section 130

Section 135

Section 138

39 / 50

_____ of the Companies Act, 2013 provides that the Independent Directors shall undertake appropriate induction and regularly update and refresh their skills, knowledge and familiarity with the company

Schedule VI

Schedule V

Schedule IV

Schedule III

40 / 50

The board of directors shall constitute a Risk Management Committee. This has been prescribed under

SEBI(ICDR)Regulation, 2018

SEBI (PTI) Regulations, 2015

SEBI (LODR) Regulations. 2015

SEBI (SAST) Regulations, 2017

41 / 50

Which section of the Companies Act, 2013 suggests the development and implementation of a Risk Management Policy

Section 178(3)

Section 178(4)

Section 134(3)(n)

Section 149(6)

42 / 50

Which Ind-AS deals with the Statement of cash flow

Ins-AS-2

Ins-AS-1

Ins-AS-17

Ins-AS-7

43 / 50

Ind-AS 24 deals with

Borrowing Costs

Related party Transactions

Earnings per share

Property, Plant and Equipment

44 / 50

The Banking Companies shall apply the Ind-AS as notified by the

The SEBI

Reserve Bank of India

The Central Govt

Insurance Regulatory Development Authority of India

45 / 50

Which Ind-AS deals with Earnings per share

Ind-AS 36

Ind-AS 40

Ind-AS 12

Ind-AS 33

46 / 50

Ind-AS 8 deals with

Accounting Policies, Changes in Accounting Estimates and Errors

Statement of cash flows

Presentation of Financial Statements

Impairment of Assets

47 / 50

The Insurance Companies shall apply the Ind-AS as notified by the

The Central Govt.

Reserve Bank of India

The SEBI

Insurance Regulatory Development Authority of India

48 / 50

Which Schedule of the Companies Act, 2013 deals with the matter relating to the preparations of the Financial Statements

Schedule III

Schedule IV

Schedule II

Schedule V

49 / 50

Schedule III contains the

Financial Statements for a Non-Banking Financial Company (NBFC) whose financial statements are drawn up in compliance of the Companies (Indian Accounting Standards) Rules, 2015.

Financial Statements for a company whose Financial Statements are required to comply with the Companies (Accounting Standards) Rules, 2006.

Financial Statements for a company whose financial statements are drawn up in compliance of the Companies (Indian Accounting Standards) Rules, 2015.

All of the above

50 / 50

If a company is in default in complying with the provisions of Section 134, the company shall be liable to a penalty of

Three lakh rupees

One lakh rupees

Four lakh rupees

Two lakh rupees

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