Business Law

291. ______________ is the first stage in the formation of a company

  1. Promotion
  2. Raising of Capital
  3. Incorporation
  4. Commencement of business
Correct answer: (A)
Promotion

292. ______________ is issued by any financial constitution or bank for on e or more of issues of securities or class of securities specified in the prospectus.

  1. A bridged prospectus
  2. Shelf Prospectus
  3. Deemed Prospectus
  4. Red Herring Prospectus
Correct answer: (B)
Shelf Prospectus

293. ______________ is a shorter version of the prospectus and contains all the salient features of a prospectus that forms a part of the memorandum.

  1. Deemed prospectus
  2. A bridged prospectus
  3. Red herring prospectus
  4. Shelf prospectus
Correct answer: (B)
A bridged prospectus

294. On which of the following dates the companies Act,1956 come in to force?

  1. 31st March 1956
  2. 1st April 1956
  3. 31st March 1957
  4. 1st April 1957.
Correct answer: (B)
1st April 1956

295. ______________ of schedule I of the companies Act, which gives the specimen of memorandum of a company limited by shares

  1. Table B
  2. Table A
  3. Table D
  4. Table E
Correct answer: (A)
Table B

296. If at the registration, a company limited by shares does not file articles of association with the registrar, then

  1. The company deemed to have adopted Table A
  2. The company cannot be registered without this document
  3. The company is deemed to have become a company with unlimited liability
  4. None of the above
Correct answer: (A)
The company deemed to have adopted Table A

297. ______________ document contains the rules, regulations and bye-laws for the internal management of the company

  1. Memorandum of Association
  2. Article of Association
  3. Prospectus
  4. Statement in lieu.
Correct answer: (B)
Article of Association

298. The forms of Memorandum of association are given in tables ______________ in schedule I of the companies Act 1956

  1. B,A&E
  2. B,C,D&E
  3. A,C,D&E
  4. D,A,E.
Correct answer: (B)
B,C,D&E

299. Doctrine of constructive notice means ______________

  1. Notice of alternation of object clause to the registrar
  2. Notice to outside dealing with the registrar as to contents of memorandum and articles
  3. Notice of change of name to members
  4. Notice to public as to issue of prospectus.
Correct answer: (B)
Notice to outside dealing with the registrar as to contents of memorandum and articles

300. ______________ vacancy is caused by resignation, death, insolvency or insanity

  1. Casual
  2. General
  3. Special
  4. None of the above
Correct answer: (A)
Casual
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