Corporate Prep Test

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Corporate Prep Test

Complete CPT Preparation Portal

Practice MCQs covering diverse and frequently tested provisions that do not fall under standard company law chapters.

Miscellaneous- Practice Test 1

1 / 50

The company needs to obtain prior permission from central Government when it changes the address of its registered office from __________

2 / 50

Private company prohibits any invitation or acceptance of deposits from persons other than its __________

3 / 50

‘Men may come and men may go but the company exist’, this explains which characteristics of the company as per Companies Act, 1958?

4 / 50

When is a company said to have been registered?

5 / 50

An act is said to be ultra vires a company when it is beyond the powers ___________.

6 / 50

A company is a juristic person with a perpetual succession _____________

7 / 50

The most important document of a company is its__________.

8 / 50

What is known as a charter of a Company?

9 / 50

Property of the company belongs to

10 / 50

The Registered office clause of Memorandum of Association contains

11 / 50

Private company can start its business immediately after the issue of _________.

12 / 50

Minimum number of members in case of a public company is ____

13 / 50

The responsibility of the lead manager(s) shall

14 / 50

Regulatory sandbox, means a _______ where new products, processes, services, business mobiles, etc, may be deployed on a limited set of eligible customers for a specified period of time, for furthering innovation in the securities market, subject to such conditions as may be specified by the Board

15 / 50

The investor Protection and Education Fund has been established by

16 / 50

Any scheme or arrangement made or offered by any person under which the contributions or payments are made to such scheme or arrangement by the investors with a view to receive profits, income, produce or property, whether movable or immovable, from such scheme or arrangement is termed as

17 / 50

Goods means every kind of movable property other than

18 / 50

Ready delivery contract means a contract which provides for the delivery of goods and the payment of a price therefor either immediately, or within such period not exceeding _______ after the date of the contract

19 / 50

Every beneficial owner shall give intimation of pledge or hypothecation to

20 / 50

The depository as a registered owner shall ______ in respect of securities held by it

21 / 50

All securities held by a depository shall be dematerialised and shall be in

22 / 50

Any person aggrieved by any decision or order of the Securities Appellate Tribunal may file an appeal to the Supreme Court _______ from the date of communication of the decision or order of the Securities Appellate Tribunal to him on any question of law arising out of such order

23 / 50

The bankers Books Evidence Act, 1891 ______ in relation to a depository

24 / 50

No depository shall act as a depository unless it obtains a _____ of business from the SEBI

25 / 50

Every issuer shall, ______ of the receipt of intimation from the depository, issue the certificate of securities to the beneficial owner or the transferee, as the case may be

26 / 50

Depository means a company formed and registered under the Companies Act, 1956, and which has been granted a certificate of registration

27 / 50

Who may create a pledge or hypothecation in respect of a security owned by him

28 / 50

Where a depository fails to conduct its business with its participants in accordance with the rules, regulations made by the SEBI under the Depositories Act, it shall be liable to penalty which shall _____ but which may extend to twenty-five crore rupees or three times the amount of gains made out of such failure, whichever is higher

29 / 50

Any person, who is required under the Depositories Act, 1996 to furnish any information to the SEBI, fails to furnish the same within the time specified therefor, he shall be liable to a penalty which shall not be less than one lakh rupees but which may extend to ______ during which such failure continues subject to a maximum of one crore rupees for each such failure

30 / 50

DIN stands for

31 / 50

The maximum of sitting fee per meeting is

32 / 50

Full form of PM CARES Fund is

33 / 50

Every person on appointment as a key managerial personnel shall disclose his holding of securities of the company as on the date of appointment to the company _____ of such appointment

34 / 50

The draft offer document filed by a company with SEBI shall be made public for comments, if any, for a period of 21 days from the date of filling, by hosting it

35 / 50

Proposal for declaration of dividend to be discussed in the board meeting shall be given to stoke exchange ____ in advance, excluding the date of intimation and date of meeting

36 / 50

Whether contribution to PM CARES Fund amounts to CSR activity

37 / 50

Related-party transactions should be approved and conducted in a manner that ensures proper management of conflict of interest and protects the interest of

38 / 50

CII stands for

39 / 50

Corporate governance requirements with respect to subsidiary of listed entity can be ensure by:

 

1. The Audit Committee of the listed entity shall also review the financial statement of unlisted subsidiary

2.The minutes of the meetings of the board of Directors of unlisted subsidiary shall be placed at the meeting of the Board of Directors of the listed entity

3.The management of the unlisted subsidiary shall periodically bring to the notice of Board of Directors of the listed entity, as statement of all significant transactions and arrangements entered into by the unlisted subsidiary

40 / 50

Cross-border co-operation should be ____ arrangement for exchange of information

41 / 50

Sarbanes Oxley Act, 2002 was enacted in

42 / 50

Corporate Governance means, the application of best management practices, compliance of law in true letter and spirit and adherence to ethical standards for effective management and distribution of wealth and discharge of social responsibility, for sustainable development of

43 / 50

Full form of OCED is

44 / 50

A set of certain consistent actions that form an unintended pattern that was not initially anticipated or intended in the initial planning phase, is called as

45 / 50

BHAG stands for

46 / 50

The AGM should be held in each ____ within six months of the close of the ____, with an interval of not more than fifteen months between two successive Annual General Meetings

47 / 50

Items of business other than Ordinary Business may be considered

48 / 50

Every company shall hold its first Annual General Meeting ______ from the date of closing of the first financial year of the company

49 / 50

An Annual general Meeting and a Meeting called by the requisitionists shall be called during business hours, i.e. between 9 a.m. and 6 p.m. on a day that is

50 / 50

In the general Meeting, which of following the item may be taken up for consideration

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