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CA Inter Company Law Free Online Quiz

CA Final Advanced Auditing and Professional Ethics Important Revision Questions (PDF)

Practice online MCQs on Company Law for CA Inter May 2021 & November 2021 Exams.

CA Inter Company Law Online Quiz

Attempt Free Online Quiz Based on Company Law for CA Inter May 2021 & Nov 2021 Exams

1 / 10

A general meeting of the company is to be held on 30th August, 2020. The company has not paid dividend for the financial year 2018-2019. It has also not yet paid any dividend for the year 2019-2020. In such case preference shareholders:

2 / 10

A shelf prospectus filed with the ROC shall remain valid for a period of:

3 / 10

A company bought back 10% of its equity shares in August 2020. Due to certain miscalculations during the first buy-back, it again buy back another 10% equity shares in September 2020. Whether the company can resort to second buy-back?

4 / 10

A issue house (share broker) has issued an advertisement in two leading newspapers for selling a big number of shares allotted to it by a company under a private placement. In which of the following conditions the advertisement will not be deemed as prospectus:

5 / 10

In case of ‘offer of sale of shares by certain members of the company’, which of the following options is applicable:

6 / 10

On which offer of securities, commission is permitted to be paid to any underwriter by the company:

7 / 10

Abhilasha and Amrita have incorporated a ‘not for profit’ private limited company which is registered under Section 8 of the Companies Act, 2013. One of their friends has informed them that their company can be categorized as a ‘small company’ because as per the last profit and loss account for the year ending 31st March, 2019, its turnover was less than Rs. 2.00 crores and its paid up share capital was less than Rs. fifty lacs. Advise.

8 / 10

Shripad Religious Publishers Limited has received application money of Rs. 20,00,000 (2,00,000 equity shares of Rs. 10 each) on 10th October, 2019 from the applicants who applied for allotment of shares in response to a private placement offer of securities made by the company to them. Select the latest date by which the company must allot the shares against the application money so received.

9 / 10

Being in need of further capital, Rimsi Cotton-Silk Products Limited opted to offer 50 lacs equity shares of Rs. 1 each to 50 identified persons on ‘private placement’ basis and accordingly a letter of offer accompanied by application form was sent to them after fulfillment of due formalities including passing of special resolution. One of the applicants Rajan made a written complaint to the company highlighting the fact that the offer letter was incomplete as well as illegal, as it did not contain ‘renunciation clause’ as he wanted to exercise his ‘right of renunciation’ in favour of one of his son Uday. By choosing the correct option, advise the company in this matter.

10 / 10

The Articles of Association of a private limited company state that the company may issue preference shares which will have preference of dividend only but no preference as to the repayment of capital, in the case of winding up. Is it possible for the company to issue such preference shares?

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