Business Law

341. The order of dissolution can be issued only by the company

  1. Tribunal
  2. Company Law Board
  3. Both A and B
  4. None of these.
Correct answer: (A)
Tribunal

342. ______________ mean a person who is either child or Adolescent

  1. Child
  2. Young person
  3. Adolescent
  4. Adult
Correct answer: (B)
Young person

343. ______________ auditors of the company are appointed by the share holders in annual General Meeting.

  1. General
  2. Statutory
  3. Special
  4. None of these
Correct answer: (B)
Statutory

344. A registered trade mark is called ______________

  1. Patent
  2. Sealed good
  3. Common Law Mark
  4. ISI mark
Correct answer: (C)
Common Law Mark

345. The minutes of the company in case of a Board Meeting shall be signed by ______________

  1. Director
  2. Chairman
  3. Managing director
  4. Both A and B.
Correct answer: (B)
Chairman

346. Shelf Prospectus means a prospectus issued by ______________

  1. Any trading company
  2. Any industrial company
  3. Any financial institution of bank
  4. None of the above.
Correct answer: (C)
Any financial institution of bank

347. The common seal of the company should have

  1. The company’s name
  2. The word Corporate seal
  3. The Place of the company
  4. All of the above.
Correct answer: (D)
All of the above.

348. For declaration of dividend no ______________ resolution is required

  1. Ordinary
  2. Special
  3. Simple
  4. None of the above
Correct answer: (B)
Special

349. Anything done under an agreement between the company and third party requires recognition of the company in the form of ______________

  1. Contract
  2. Agreement
  3. Partnership
  4. Official seal
Correct answer: (D)
Official seal

350. Private company means a company which has a minimum paid up capital of ______________

  1. Rs.2,00,000
  2. Rs.5,00,000
  3. Rs.1,00,000
  4. Rs.1,50,000
Correct answer: (C)
Rs.1,00,000
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