MCQ Corporate Laws & Compliance

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Multiple choice Question for Corporate Laws & Compliance

According to Sec 2(6) of Companies Act, 2013 an associate company, in relation to another company, means a company in which that other company has a significant influence. Here significant influence means
- Control of at least twenty per cent. of total voting power
- Control of at least twenty per cent. of total voting power, or control of or participation in business decisions under an agreement
- Control of at least twenty five per cent. of total voting power
- Control of at least twenty five per cent. of total voting power, or control of or participation in business decisions under an agreement

A copy of the Inspectors report under section 223 of Companies Act, 2013 may be obtained by
- By members, creditors or any other person whose interest is likely to be affected by making an application in this regard to the Central Government
- by making an application in this regard to the Central Government
- Option (A) or (B)
- None of the above

The listing regulations have been sub-divided into .
- Two parts; substantive provisions incorporated in the main body of Regulations and procedural requirements in the form of Schedules to the Regulations
- Two parts; substantive provisions incorporated in the main body of Regulations and juridical requirements in the form of Schedules to the Regulations
- Three parts; substantive provisions incorporated in the main body of Regulations, procedural requirements in the form of Schedules to the Regulations and Listing for Merger and amalgamation
- Three parts; substantive provisions incorporated in the main body of Regulations, juridical requirements in the form of Schedules to the Regulations and Listing for Merger and amalgamation

Unfair competition means adoption of practices such as .
- collusive price fixing
- creation of barriers to entry
- tie-in sales
- all of the above

Foreign Currency Convertible Bond (FCCB) means
- A bond convertible from Indian Currency to Foreign Currency
- A bond convertible from Foreign Currency to Indian Currency
- A bond issued by an Indian company expressed in foreign currency, the principal and interest of which is payable in foreign currency
- A bond issued by a foreign company expressed in Indian currency, the principal and interest of which is payable in Indian currency

Every is a Predicate Offence
- Scheduled Offence
- Recorded Offence
- Sentenced Offence
- Any of the above

In India the Memorandum of Understanding is a negotiated document between the Government, acting as the owner of Public Sector Enterprise (PSE) and a specific PSE with the objectives of
- Improve the performance of CPSEs though increased management autonomy
- Remove the haziness in goals and objectives
- either (A) or (B)
- Both (A) and (B)

Suspicious transaction means a transaction whether or not made in cash which, to a person acting in good faith and
- Gives rise to a reasonable ground of suspicion that it may involve the proceeds or crime
- Appears to be made in circumstances of unusual or unjustified complexity
- Appears to have no economic rationale or bonafide purpose
- Any of the above

At a general meeting of a company a matter was to be passed by a special resolution. Out of forty members of the company, twenty voted in favour of the resolution, five voted against it and five votes were cancelled. The remaining ten members abstained from voting. The chairman declared resolution as
- Passed
- Invalid
- Cancelled
- Accepted

If any of the provisions of Sections 139 to 146 (both inclusive) is contravened, the company shall be punishable with fine which shall not be less than but which may extend to
- (A) ₹1,00,000; 5,00,000
- (B) ₹25,000; ₹1,00,000
- (C) ₹25,000; ₹5,00,000
- (D) ₹125,000; 5,00,000

…………………..means any director whose presence cannot count for the purpose of forming a quorum at a meeting of the Board, at the time of the discussion or vote on any matter.
- Interested Director
- Related party
- Nominee Director
- None of the above

A company registered under…… shall amalgamate only with another company registered under this Section and having similar objects
- Sec 7 of Companies Act, 2013
- Sec 8 of Companies Act, 2013
- Sec 9 of Companies Act, 2013
- Sec 10 of Companies Act, 2013

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