PRACTICE # 1

Q.1. Choose and write the correct option.

1 Companies Act 2013 came into force on ________________________
A) 12th June 2013 C) 12th August 2013
th
B) 12 July 2013 D) 12th September 2013
2 The Companies Act 2013 is divided into _________ chapters
A) 28 C) 30
B) 29 D) 31
3 Every listed company / private company with paid up capital of _____ or more shall have
atleast one-woman Director
A) 1 Crore C) 50 Crore
B) 5 Crore D) 100 Crore
4 Every company must have a director who stayed in India for a total period of ______ days or
more in previous calendar year.
A) 182 C) 184
B) 183 D) 185
5 The Kondoi Tea Co. Ltd. deals with ____________________________
A) Compulsory Registration C) Perpetual Succession
B) Separate Legal Entity D) Separate Property
6 ____________ of the companies Act 2013 defines Books of Accounts
A) Section 2 (12) C) Section 2 (14)
B) Section 2 (13) D) Section 2 (15)
7 ____________ of the companies Act 2013 defines Deposit
A) Section 2 (31) C) Section 2 (33)
B) Section 2 (32) D) Section 2 (34)
8 No need for NOC from ______ for reduction of capital
A) RBI C) SBI
B) SEBI D) CBI
9 Minimum _____ members should be personally present for general meeting
A) 2 C) 4
B) 3 D) 5
10 Maximum number of members of a private company is ______________
A) 100 C) 300
B) 200 D) 400
11 In the case of _______________________ corporate veil was lifted
A) Salomon C) Turquand’s Rule
B) Ashbury Railway D) Daimler Co. Ltd.
12 _______________________ deals with doctrine of indoor management
A) Harbottle C) Turquand’s Rule
B) Ashbury Railway D) Salomon
13 ___________________ deals with Deemed Prospectus
A) Section 24 C) Section 26
B) Section 25 D) Section 27
14 Minimum paid-up share capital under Section 2(68) is __________ or such higher amount as
may be prescribed
A)1 Lakh C) 5 Lakh
B) 2 Lakh D) 10 Lakh
15 A private company can avail exemptions applicable to a small company if it satisfies the
conditions stipulated by______________
 A) Section 2(84) C) Section 2(86)
B) Section 2(85) D) Section 2(87)
16 No requirements of minimum application money on securities under ___________
A) Section 39(2) C) Section 41(2)
B) Section 40(2) D) Section 42(2)
17 Issue of sweat equity shares need not comply with SEBI regulations under___________
A) Section 51(1)(d) C) Section 53(1)(d)
B) Section 52(1)(d) D) Section 54(1)(d)
18 Restriction on transfer of shares under ______________
A) Section 2(65) C) Section 2(67)
B) Section 2(66) D) Section 2(68)
19 Under Section 2(62) ___________ has been defined
A) One Person Company C) Chartered Company
B) Public Company D) Private Company
20 Memorandum of Association of One Person Company is required under section _____________
A) Section 4(1) C) Section 6(1)
B) Section 5(1) D) Section 7(1)
 PRACTICE # 2
Q.1. Choose and write the correct option.
1 The Kondoi Tea Co. Ltd. deals with ____________________________
A) Compulsory Registration C) Perpetual Succession
B) Separate Legal Entity D) Separate Property
2 ____________ of the companies Act 2013 defines Books of Accounts
A) Section 2(12) C) Section 2(13)
B) Section 2(13) D) Section 2(14)
3 Every listed company / private company with paid up capital of _____ or more shall have
atleast one woman Director
A) 1 Crore C) 50 Crore
B) 5 Crore D) 100 Crore
4 Every company must have a director who stayed in India for a total period of ______ days or
more in previous calendar year.
A) 182 C) 184
B) 183 D) 185
5 ____________ of the companies Act 2013 defines Deposit
A) Section 2(31) C) Section 2(33)
B) Section 2(32) D) Section 2(34)
6 ____________ of the companies Act 2013 defines Books of Accounts
A) Section 2 (12) C) Section 2 (14)
B) Section 2 (13) D) Section 2 (15)
7 Daimler Co. Ltd. v/s. Continental Tyre & Rubber Co. Ltd. Deals with ___________________
A) Artificial Person C) Auditing Standards
B) Compulsory Registration D) Lifting of Corporate Veil
8 Certificate of Incorporation of a company means __________________________________
A) certificate for C) certificate about
commencement of companies registration of company
business
B) certificate regarding D) Certificate from IT
companies registered Department
office
9 ____________ of the companies Act 2013 defines Auditing Standards

A) Section 2(5) C) Section 2(7)

B) Section 2(6) D) Section 2(8)
10 Foreign company is a company ________________________________

A) incorporated in India C) conducts business

activities outside India
B) Incorporated outside India D) has place of business in
India
11 _______________________ deals with doctrine of Indoor Management
A) Harbottle C) Turquand’s Rule
B) Ashbury Railway D) Salomon
12 In the case of _______________________ Corporate Veil was lifted
A) Salomon C) Turquand’s Rule
B) Ashbury Railway D) Daimler Co. Ltd.
13 Minimum paid-up share capital under Section 2(68) is __________ or such higher amount as
may be prescribed
A)1 Lakh C) 5 Lakh
B) 2 Lakh D) 10 Lakh
14 ___________________ deals with Deemed Prospectus
A) Section 24 C) Section 26
B) Section 25 D) Section 27
15 A private company can avail exemptions applicable to a small company if it satisfies the
conditions stipulated by______________
A) Section 2(84) C) Section 2(86)
B) Section 2(85) D) Section 2(87)
16 Issue of sweat equity shares need not comply with SEBI regulations under___________

A) Section 51(1)(d) C) Section 53(1)(d)

B) Section 52(1)(d) D) Section 54(1)(d)
17 Restriction on transfer of shares under ______________

A) Section 2(65) C) Section 2(67)

B) Section 2(66) D) Section 2(68)
18 No requirements of minimum application money on securities under ___________

A) Section 39(2) C) Section 41(2)

B) Section 40(2) D) Section 42(2)
19 Memorandum of Association of One Person Company is required under section _____________

A) Section 4(1) C) Section 6(1)

B) Section 5(1) D) Section 7(1)
20 Under Section 2(62) ___________ has been defined
A) One Person Company C) Chartered Company
B) Public Company D) Private Company

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 PRACTICE # 3
Q.1. Choose and write the correct option.
1 Companies Act 2013 came into force on ________________________
A) 12th June 2013 C) 12th August 2013 12th September 2013
th
B) 12 July 2013 D) 12th September 2013
2 The Companies Act 2013 is divided into _________ chapters
A) 28 C) 30 29
B) 29 D) 31
3 Every listed company / private company with paid up capital of _____ or more shall have
atleast one-woman Director
A) 1 Crore C) 50 Crore 100 Crore
B) 5 Crore D) 100 Crore
4 Every company must have a director who stayed in India for a total period of ______ days or
more in previous calendar year.
A) 182 C) 184 182
B) 183 D) 185
5 The Kondoi Tea Co. Ltd. deals with ____________________________
D) Compulsory Registration C) Perpetual Succession Separate Legal Entity
B) Separate Legal Entity D) Separate Property
6 ____________ of the companies Act 2013 defines Books of Accounts
A) Section 2 (12) C) Section 2 (14) B) Section 2 (13)
B) Section 2 (13) D) Section 2 (15)
7 ____________ of the companies Act 2013 defines Deposit
A) Section 2 (31) C) Section 2 (33) Section 2(31)
B) Section 2 (32) D) Section 2 (34)
8 No need for NOC from ______ for reduction of capital
A) RBI C) SBI SEBI
E) SEBI D) CBI
9 Minimum _____ members should be personally present for general meeting
A) 2 C) 4 2
B) 3 D) 5
10 Maximum number of members of a private company is ______________
A) 100 C) 300 200
B) 200 D) 400

11 In the case of _______________________ corporate veil was lifted

A) Salomon C) Turquand’s Rule Daimler Co. Ltd.
B) Ashbury Railway D) Daimler Co. Ltd.
12 _______________________ deals with doctrine of indoor management
A) Harbottle C) Turquand’s Rule
B) Ashbury Railway D) Salomon
13 ___________________ deals with Deemed Prospectus
A) Section 24 B) Section 25
C) Section 25 D) Section 27
14 Minimum paid-up share capital under Section 2(68) is __________ or such higher amount as
may be prescribed
A)1 Lakh C) 5 Lakh
B) 2 Lakh D) 10 Lakh
15 A private company can avail exemptions applicable to a small company if it satisfies the
conditions stipulated by______________

A) Section 2(84) C) Section 2(86) Section 2(85)

B) Section 2(85) D) Section 2(87)
16 No requirements of minimum application money on securities under ___________

A) Section 39(2) C) Section 41(2) Section 39(2)

B) Section 40(2) D) Section 42(2)
17 Issue of sweat equity shares need not comply with SEBI regulations under___________

A) Section 51(1)(d) C) Section 53(1)(d) Section 51(1)(d)

B) Section 52(1)(d) D) Section 54(1)(d)
18 Restriction on transfer of shares under ______________

A) Section 2(65) C) Section 2(67) Section 2(68)

B) Section 2(66) D) Section 2(68)

19 Under Section 2(62) ___________ has been defined

A) One Person Company C) Chartered Company One Person Company

B) Public Company D) Private Company
20 Memorandum of Association of One Person Company is required under section _____________

A) Section 4(1) C) Section 6(1) Section 4(1)

B) Section 5(1) D) Section 7(1)

**********
 PRACTICE # 4
Q.1. Choose and write the correct option.
1 The Kondoi Tea Co. Ltd. deals with ____________________________

A) Compulsory Registration C) Perpetual Succession Separate Legal Entity

B) Separate Legal Entity D) Separate Property
2 ____________ of the companies Act 2013 defines Books of Accounts
A) Section 2(12) C) Section 2(13) Section 2 (13)
B) Section 2(13) D) Section 2(14)
3 Every listed company / private company with paid up capital of _____ or more shall have
atleast one woman Director

A) 1 Crore C) 50 Crore 100 Crore

B) 5 Crore D) 100 Crore
4 Every company must have a director who stayed in India for a total period of ______ days or
more in previous calendar year.
A) 182 C) 184 182
B) 183 D) 185
5 ____________ of the companies Act 2013 defines Deposit
A) Section 2(31) C) Section 2(33) Section 2 (31)
B) Section 2(32) D) Section 2(34)
6 ____________ of the companies Act 2013 defines Books of Accounts
A) Section 2 (12) C) Section 2 (14) B) Section 2 (13)
B) Section 2 (13) D) Section 2 (15)
7 Daimler Co. Ltd. v/s. Continental Tyre & Rubber Co. Ltd. Deals with ___________________
A) Artificial Person C) Auditing Standards
B) Compulsory Registration D) Lifting of Corporate Veil
8 Certificate of Incorporation of a company means __________________________________

A) certificate for C) certificate about

commencement of companies registration of company
business
D) certificate regarding D) Certificate from IT
companies registered Department
office
9 ____________ of the companies Act 2013 defines Auditing Standards
A) Section 2(5) C) Section 2(7)
B) Section 2(6) D) Section 2(8)
10 Foreign company is a company ________________________________

A) incorporated in India C) conducts business

activities outside India
B) Incorporated outside India D) has place of business in
India
11 _______________________ deals with doctrine of Indoor Management
A) Harbottle C) Turquand’s Rule
B) Ashbury Railway D) Salomon
12 In the case of _______________________ Corporate Veil was lifted
A) Salomon C) Turquand’s Rule
B) Ashbury Railway D) Daimler Co. Ltd.
13 Minimum paid-up share capital under Section 2(68) is __________ or such higher amount as
may be prescribed
 A)1 Lakh C) 5 Lakh
B) 2 Lakh D) 10 Lakh
14 ___________________ deals with Deemed Prospectus
A) Section 24 E) Section 26
B) Section 25 D) Section 27
15 A private company can avail exemptions applicable to a small company if it satisfies the
conditions stipulated by______________
A) Section 2(84) C) Section 2(86)
B) Section 2(85) D) Section 2(87)
16 Issue of sweat equity shares need not comply with SEBI regulations under___________

A) Section 51(1)(d) C) Section 53(1)(d)

B) Section 52(1)(d) D) Section 54(1)(d)
17 Restriction on transfer of shares under ______________

A) Section 2(65) C) Section 2(67)

B) Section 2(66) D) Section 2(68)
18 No requirements of minimum application money on securities under ___________

A) Section 39(2) C) Section 41(2)

B) Section 40(2) D) Section 42(2)
19 Memorandum of Association of One Person Company is required under section _____________

A) Section 4(1) C) Section 6(1)

B) Section 5(1) D) Section 7(1)
20 Under Section 2(62) ___________ has been defined
A) One Person Company C) Chartered Company
B) Public Company D) Private Company

**********