• The general principle of company law is that______________ members of the company in the same class.
  • every member holds equal rights
  • members may have differential rights
  • members may or may not have differential rights
  • None of the above

• Which of the following would not constitute to be the Key managerial personnel‘ as per section 2(51) of Companies Act, 2013.
  • the Chief Executive Officer or the managing director or the manager
  • the company secretary
  • such other officer, not more than one level below the directors who is in whole- time employment, designated as key managerial personnel by the Board
  • the Chief Financial Officer

• “Small Company” means a company, other than a public company, with a paid-up share capital of which does not exceed amount as may be prescribed which shall not be more than
  • five lakh; one crore
  • fifty lakh; five crore
  • fifty lakh; ten crore
  • None of the above

• The  shall satisfy itself on the need for omnibus approval for transactions of repetitive nature and that such approval is in the interest of the company
  • Board of Directors
  • Audit Committee
  • Management Committee
  • Any of the above

• The provisions of Insolvency and Bankruptcy Code, 2016 applies, in relation to
  • Insolvency, liquidation, voluntary liquidation or bankruptcy
  • Insolvency, liquidation or bankruptcy
  • Insolvency or bankruptcy
  • None of the above

• A company shall have its Registered Office from the date incorporation.
  • 7th day
  • 15th day
  • 30th day
  • one month of its

• During any financial year Corporate Social Responsibility Committees of the Board shall be constituted by every Company having
  • Turnover of ₹5,000 crores or more
  • A Net Profit of ₹2 crores or more
  • Net Worth of ₹5 crores or more
  • Authorized capital of ₹500 crores or more

• Board of every Company shall ensure that the company spends in every financial year on account of CSR Policy at least
  • 5% of average Net Profit
  • 3% of average Net Profit
  • 2.5% of average Net Profit
  • 2% of average Net Profit

• Under Insolvency Bankruptcy code 2016 where extension of time is requested, the Corporate Resolution process shall be completed within a period of     from the date of admission of the application to initiate such process.
  • 60 days
  • 90 days
  • 180 days
  • 240 days

• According to Banking Regulation Act 1949, no Banking Company shall pay dividend on its shares until all its
  • Depreciation is fully written off
  • “Capitalized expenses” have been completely written off
  • Bad debts are provided in full
  • Contingent liability is settled

• The Director prepared the annual accounts in Director Responsibility Statement on a/an
  • Money measurement basis
  • Going concern basis
  • Accrual basis
  • Business Entity basis

• Accounts and Balance Sheet along with auditor’s reports should be filed with Reserve Bank of India within  from the end of the period to which these relate.
  • 3 months
  • 6 months
  • 9 months
  • 12 months

• A minor can be nominated as a nominee in Life Insurance Policy by its
  • Drawer
  • Agent
  • Holder
  • Corporation

• Which of the following is not the type of unfair competition?
  • Collusive price fixing
  • Creation of barriers to entry
  • Tie in purchase
  • Predatory pricing

• Business should  the interests of and be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and marginalized.
  • Accept
  • Respect
  • Reject
  • Object

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