Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Company Law Total Number of Question: 40 Time: 41 Minutes Please check your email after completion of test for result. All the best... Name Phone No Email State 1. Which of the following companies must appoint a Key Managerial Personnel (KMP)? A private company with a paid-up capital of ₹5 crore A listed company A partnership firm A One Person Company None 2. The Register of Members in a company is maintained at: The registered office of the company The office of the Registrar of Companies (ROC) The SEBI office The Reserve Bank of India None 3. A resolution requiring a 75% majority vote is called a: Ordinary resolution Special resolution Board resolution Unanimous resolution None 4. A charge created on a company’s assets must be registered with the ROC within: 15 days 30 days 60 days 90 days None 5. The Board of Directors of a company must hold at least how many meetings in a year? 2 3 4 6 None 6. The liability of members in a One Person Company (OPC) is: Unlimited Limited to the unpaid amount of shares Limited to a fixed amount Equal to the net worth of the company None 7. A company's Articles of Association can be altered by: An ordinary resolution A special resolution Board approval only Approval from SEBI None 8. The tenure of an auditor in a listed company is a maximum of: 3 years 5 years 7 years 10 years None 9. A dividend declared but not paid within how many days is considered unpaid? 30 days 60 days 90 days 120 days None 10. The minimum number of members required to form a private company is: 1 2 3 5 None 11. A company must file its annual financial statements with the ROC within: 30 days of the AGM 60 days of the AGM 90 days of the AGM 120 days of the AGM None 12. The quorum required for a general meeting of a private company with 50 members is: 2 members 3 members 5 members 7 members None 13. A company must keep its books of account for a minimum period of: 5 years 7 years 8 years 10 years None 14. A resolution passed by circulation among directors is called: Special resolution Unanimous resolution Circular resolution Board resolution None 15. Which of the following is NOT an essential document for company incorporation? Memorandum of Association Articles of Association PAN card of directors Share certificate None 16. A listed company must appoint a woman director if its: Paid-up capital is ₹5 crore or more Turnover is ₹100 crore or more Net worth is ₹50 crore or more Annual profit is ₹10 crore or more None 17. The maximum limit of managerial remuneration for a company is: 5% of net profits 15% of net profits 10% of net profits 20% of net profits None 18. Which company must appoint a full-time Company Secretary? A private company with ₹10 crore turnover A public company with ₹10 crore paid-up capital Any company with more than 50 employees Any company with a net profit of ₹1 crore None 19. The maximum time gap between two Board Meetings must not exceed: 90 days 120 days 150 days 180 days None 20. The National Financial Reporting Authority (NFRA) is responsible for: Regulating stock exchanges Overseeing financial reporting and auditing standards and auditing standards c) Regulating Approving mergers and acquisitions None 21. A private company can accept deposits from its members up to: 25% of net worth 35% of net worth 100% of net worth Unlimited None 22. Which of the following statements is true about a Holding Company? It owns a majority of the shares in another company It must be registered as a public company It cannot own subsidiaries It must have a minimum of 10 directors None 23. A foreign company is defined under the Companies Act, 2013 as a company incorporated outside India that: Only sells products in India Has an office or business operations in India Has Indian directors Is registered with SEBI None 24. The penalty for insider trading under the Companies Act, 2013 includes imprisonment for up to: 2 years 5 years 7 years 10 years None 25. An independent director is required to hold at least how many shares in the company? 1 share 10 share 100 share No requirement to hold shares None 26. In which of the following cases can a company be struck off by the ROC? Failure to commence business within 1 year of incorporation Not holding a Board Meeting for 3 years Not appointing a Company Secretary Not issuing dividends None 27. The primary purpose of a Director’s Report is to: Summarize financial transactions Provide an overview of company performance and compliance Approve the budget for the next year Report on stock market fluctuations None 28. The minimum number of directors required in a public company is: 1 2 3 5 None 29. A company must appoint its first auditor within how many days of incorporation? 30 days 60 days 90 days 120 days None 30. Which of the following is NOT a document required for company registration? Memorandum of Association Articles of Association Business Plan Declaration by Directors None 31. A public company must hold its Annual General 3 months 6 months 9 months 12 months None 32. The penalty for failing to file the annual return of a company can include: Only a monetary fine Fine and imprisonment of directors Cancellation of shares Deregistration of the company None 33. A statutory meeting is required to be held by: Private companies Public limited companies One Person Companies Non-Profit Organizations None 34. The Director Identification Number (DIN) is issued by: SEBI RBI Ministry of Corporate Affairs (MCA) The Income Tax Department None 35. The process of converting a private company into a public company requires: Board approval only A special resolution and ROC approval SEBI’s permission NCLT’s approval None 36. A company must inform the ROC about the appointment of a new director within: 7 days 15 days 30 days 60 days None 37. The minimum paid-up capital for a public company under the Companies Act, 2013 is: ₹1 lakh ₹5 lakh ₹10 lakh No minimum requirement None 38. A company incorporated outside India but conducting business in India is called a: Domestic company Foreign company Government company Private company None 39. Which of the following is NOT a role of a Company Secretary? Ensuring regulatory compliance Managing financial investments Maintaining statutory records Advising the board on governance matters None 40. Which of the following companies is required to appoint a Company Secretary? A private company with paid-up capital of ₹5 crores A public company with paid-up capital of ₹10 crores A listed company only A partnership firm None 1 out of 4 Great job on taking the INCOC Test! We appreciate your interest in test. Look out for results and future opportunities. Stay Connected !! Your quiz time is about to finish. Few seconds left. Time's upYou cannot switch tabs while taking this quiz!You are not allowed to switch tabs violation has been recorded.you cannot minimize full screen mode!You are not allowed to minimize full screen while taking this quiz, violation has been recorded.Access denied! To begin the quiz, please grant this quiz access to your camera.Time is Up!Time is Up!
