Business Law MCQ on The Companies Act 2013 | Business Law MCQs for CA Foundation and Other Competitive Exams | Commerce Classes
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Business Law MCQ on The Companies Act 2013
1. Which of the following tables in Schedule I of the Act does not contain any prescribed form of Memorandum? (a) F
(a) F
(b) B
(c) E
(d) D
2. Articles of Association are the regulator of the behaviour of: (b) Directors and officers
(a) Creditors
(b) Directors and officers
(c) Suppliers
(d) Outside public
3. How many fundamentals clauses are contained in the Memorandum of a company? (c) 6
(a) 4
(b) 5
(c) 6
(d) 7
4. In which case the principle of corporate veil was ignored by the courts: (d) All of these
(a) Determination of character of the company
(b) For protection of revenue of the Government
(c) For prevention of fraud or improper conduct
(d) All of these
5. The regulations contained in which of the following Tables are also called ‘articles’: (d) none of these
(a) A
(b) B
(c) C
(d) none of these
6. A company is incorporated in India, but all its members are the Americans. Such company is: (a) An Indian company
(a) An Indian company
(b) An American company
(c) An illegal association
(d) A government company
7. Acts done by a company ‘beyond its powers’ are termed: (c) ultra vires
(a) Intra vires
(b) illegal
(c) ultra vires
(d) none of these
8. A company cannot be treated as a citizen, yet it has its: (d) All of these
(a) Nationality
(b) Domicile
(c) Residence
(d) All of these
9. Under the Registered office clause, a company has to give the name of the: (d) State
(a) Town
(b) Village
(c) District
(d) State
10. Which of the following is called the charter of a company? (c) Memorandum
(a) Prospectus
(b) Articles of Association
(c) Memorandum
(d) Certificate of Incorporation
11. Registration of Articles of Association is compulsory for which of the following companies: (d) All of these
(a) Unlimited companies
(b) Companies limited by guarantee
(c) Private companies limited by shares
(d) All of these
12. The Articles of association must be signed by: (d) All the subscribers of the memorandum
(a) All the directors
(b) All the promoters
(c) The auditors
(d) All the subscribers of the memorandum
13. Which of the following companies may or may not frame (register) their articles of association ? (d) None, all has to have its own articles
(a) Unlimited companies
(b) Private companies limited by shares
(c) Companies limited by guarantee
(d) None, all has to have its own articles
14. Which of the following documents contains bye- laws that govern the internal management of a company ? (c) Prospectus
(a) Memorandum
(b) Articles
(c) Prospectus
(d) All of these
15. Articles of Association are subordinate to: (c) Memorandum and Companies Act
(a) Prospectus
(b) Board of Directors
(c) Memorandum and Companies Act
(d) None of these