Tuesday, 1 September 2015

Top 40 Company Secretery Objective Type Questions And Answers

1) On incorporation of a company, the Registrar of Companies in addition to the Certificate of Incorporation, issues a unique identification number called –
(a) Unique corporate number
(b) Corporate identification number
(c) Company identification number
(d)Unique identification number
Ans: b

2) An Indian public company holds 80% of the paid-up share capital of a company incorporated at a place outside India. Is the annual statement of the latter company required to be attached to the annual statement of the former company pursuant to Section 212 –
(a) No, as it is foreign company.
(b) No. as the format of the annual accounting statement is not as per Schedule VI of the Companies Act, 1956.
(c) Yes
Ans: (c)

3) A company in which 50.25% of shares are held by one State Government while the rest of the shares are held by private sector companies and by retail shareholders i.e., members of public, is a –
(a) Government company
(b) Public company
(c) Corporation
(d) Private sector company
Ans: (b)

4) The Central Government may exempt any class of companies from complying with the provisions of Schedule VI of the Companies Act, 1956, if it is necessary to grant such exemption in the –
(a) National interest
(b) Public interest
(c) Social interest
(d) Company’ interest
Ans: (b)

5) Global Ltd. has the paid-up equity capital structure – Central Government:
38%; State Government: 10%; Subsidiary of a Government Company:
17.50%; and retail shareholders remaining shares. Which of the following classes of companies would it belong to –
(a) Government company
(b) Non-government company
(c) Deemed public company
(d) Deemed private company
Ans: (a)

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