Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Companies Act 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 section of the Companies Act, 2013 defines a company? Section 2(20) Section 3 Section 4 Section 5 None 2. The maximum number of members in a private company is: 50 100 200 Unlimited None 3. The minimum number of directors required for a public company is: 1 2 3 5 None 4. The term "One Person Company" (OPC) is defined under which section? Section 2(62) Section 3 Section 4 Section 7 None 5. What is the minimum paid-up share capital required for a private company? ₹1 Lakh ₹2 Lakh ₹5 Lakh No minimum requirement None 6. The statutory meeting of a company is held: Monthly Once in five years Only once in its lifetime Annually None 7. Which section deals with Corporate Social Responsibility (CSR)? Section 135 Section 123 Section 130 Section 136 None 8. The concept of Independent Directors is mentioned in: Section 149 Section 135 Section 133 Section 134 None 9. Which of the following is NOT a type of prospectus under the Companies Act, 2013? Shelf prospectus Red herring prospectus Private placement prospectus Rights issue prospectus None 10. The first auditor of a company is appointed by the Board of Directors within how many days of incorporation? 30 days 60 days 90 days 120 days None 11. A company’s Annual General Meeting (AGM) is required to be held within how many months from the end of the financial year? 3 months 6 months 9 months 12 months None 12. Which of the following is a perpetual succession feature of a company? Transferability of shares Independent legal entity Separate management Continuous existence None 13. The Companies Act, 2013 replaces which previous Act? Companies Act, 1949 Companies Act, 1956 Companies Act, 1960 Companies Act, 1972 None 14. The quorum for a general meeting in a private company is: 2 members 5 members 10 members 15 members None 15. Which form is used to file the incorporation of a company? SPICe+ DIR-3 INC-22 INC-1 None 16. Which section deals with the books of accounts? Section 128 Section 127 Section 125 Section 129 None 17. The maximum number of directors in a company is: 15 10 7 No limit None 18. Which schedule of the Companies Act deals with financial statements? Schedule I Schedule II Schedule III Schedule IV None 19. Which form is used for filing annual returns? MGT-7 AOC-4 INC-7 DIR-12 None 20. A company limited by shares has liability: Unlimited Limited to the unpaid value of shares Limited to guarantee Fully limited None 21. The Companies Act, 2013 replaced which previous legislation? Companies Act, 1956 Companies Act, 1961 Companies Act, 1984 Companies Act, 1999 None 22. What is the minimum number of directors required in a public company? 1 2 3 5 None 23. Which type of company is exempted from using the word "Limited" in its name? Private company Public company Section 8 company Government company None 24. What is the maximum number of members in a private company? 50 100 200 500 None 25. Who is authorized to appoint the first auditors of a company? Board of Directors Shareholders Registrar of Companies Company Secretary None 26. Which document defines the relationship between the company and its shareholders? Articles of Association Memorandum of Association Shareholder Agreement Prospectus None 27. The liability of members in a company limited by guarantee is limited to: The amount unpaid on shares The amount they agreed to contribute Their total assets None of the above None 28. Which is not a type of company under the Companies Act, 2013? Public Company Limited Liability Partnership Private Company One Person Company None 29. The incorporation certificate is issued by: Ministry of Finance Board of Directors Registrar of Companies SEBI None 30. The minimum paid-up capital for a private company is: ₹1,00,000 ₹5,00,000 ₹10,00,000 No minimum requirement None 31. The quorum for a general meeting of a private company with less than 50 members is: 1 member 2 member 5 member 10 member None 32. How often must a listed company hold a board meeting? Once every month At least once every quarter At least four times a year Annually None 33. What is the notice period for a general meeting? 7 days 14 days 21 days 30 days None 34. What is the minimum number of directors required for an Audit Committee in a listed company? 2 3 4 5 None 35. Which resolution is required to alter the Articles of Association? Ordinary resolution Special resolution Board resolution Circular resolution None 36. What is the minimum net profit threshold for mandatory CSR under the Companies Act, 2013? ₹5 crore ₹10rore ₹50 crore ₹100 crore None 37. What percentage of net profits must a company spend on CSR activities? 1% 2% 5% 10% None 38. Which schedule of the Companies Act, 2013 lists approved CSR activities? Schedule V Schedule VII Schedule IX Schedule XI None 39. CSR provisions are applicable to: All private companies Only public companies Companies meeting specified thresholds of net worth, turnover, or net profit Companies engaged in manufacturing only None 40. The CSR Committee must have at least: 1 member 2 member 3 member 5 member 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! 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