Business Law

271. The term whole time director is defined in sec ______________ of the Companies Act 1956

  1. 2(25)
  2. 2(24)
  3. 3(25)
  4. 3(24)
Correct answer: (B)
2(24)

272. ______________ is the minimum number that should be present at the meeting as per the articles of the company before any business can be validly transacted.

  1. Minutes
  2. Quorum
  3. Register
  4. Proxies
Correct answer: (B)
Quorum

273. Decisions of a company are made by ______________ of its members passed at meeting of members

  1. Notice
  2. Resolution
  3. Quorum
  4. Circular
Correct answer: (B)
Resolution

274. Winding up by special resolution passed by the company

  1. Compulsory winding up
  2. Winding up
  3. Voluntary winding up
  4. All of the above
Correct answer: (C)
Voluntary winding up

275. ______________ is the first state in which assists realized liabilities are paid off and surplus is distributed

  1. Dissolution
  2. Winding up
  3. Acquisitions
  4. All of the above
Correct answer: (B)
inding up

276. Factories Act came in to existence in ______________

  1. 1948
  2. 1881
  3. 1781
  4. 1757
Correct answer: (A)
1948

277. A ______________ is a visual symbol attached to goods

  1. Patent
  2. A trade mark
  3. Corporal goods
  4. Sealed goods
Correct answer: (B)
A trade mark

278. Mention one right that the proxy enjoys during a meeting?

  1. Right to attend the meeting
  2. Right to poll
  3. Right to vote
  4. None of these
Correct answer: (C)
Right to vote

279. The company agrees that the remuneration of non - executive directors shall be decided by ______________

  1. Company
  2. Share holders
  3. Board of Directors
  4. Central Government
Correct answer: (C)
Board of Directors

280. The alteration of the memorandum has to be certified by the Registrar within

  1. 30 days
  2. 15 days
  3. 45 days
  4. 60 days
Correct answer: (A)
30 days
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