Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Corporate and Other LawsTotal Number of Question: 40Time: 41 MinutesPlease check your email after completion of test for result.All the best... Name Phone No Email State 1. Which of the following is not a characteristic of a company? Separate legal entity Perpetual succession Unlimited liability Artificial person None 2. The minimum number of members required to form a private company is: 2 3 5 7 None 3. Which section of the Companies Act, 2013 defines "Private Company"? Section 2(68) Section 2(69) Section 2(70) Section 2(71) None 4. Which of the following forms of business does not have perpetual succession? Sole proprietorship Partnership Private company Public company None 5. A One Person Company (OPC) can be formed by: Two individuals One individual An individual and a firm One firm None 6. Which section deals with the appointment of directors? Section 149 Section 150 Section 152 Section 153 None 7. What is the maximum number of directors a company can appoint without passing a special resolution? 12 15 20 No limit None 8. Which section provides for the formation of a company? Section 3 Section 4 Section 5 Section 6 None 9. Who is responsible for the maintenance of the register of members? Company Secretary Chief Financial Officer Statutory Auditor Managing Director None 10. What is the maximum period for which a company can issue debentures? 5 years 10 years 20 years 30 years None 11. The Articles of Association of a company contain: The internal rules of the company A list of directors The mission statement of the company None of the above None 12. Which type of meeting is held after the incorporation of a company? Annual General Meeting Extraordinary General Meeting Statutory Meeting Board Meeting None 13. The liability of a shareholder in a company limited by shares is: Unlimited Limited to the extent of unpaid shares Limited to their personal assets Fully exempt None 14. Which of the following is a quasi-judicial authority under the Companies Act, 2013? National Company Law Tribunal (NCLT) Registrar of Companies (ROC) Ministry of Corporate Affairs (MCA) Board of Directors None 15. Which section specifies the conditions for the removal of directors? Section 167 Section 168 Section 169 Section 170 None 16. Who appoints the first auditor of a company? Members in a general meeting Board of Directors Registrar of Companies Ministry of Corporate Affairs None 17. Which document is considered the "charter" of a company? Memorandum of Association Articles of Association Prospectus Certificate of Incorporation None 18. A company must hold its first AGM within: 6 months from incorporation 9 months from the end of the financial year 18 months from incorporation None of the above None 19. Which section deals with the incorporation of a One Person Company (OPC)? Section 3 Section 3A Section 4 Section 5 None 20. The minimum number of directors in a public company is: 1 2 3 7 None 21. Which of the following is not included in the definition of a director under the Companies Act, 2013? Managing Director Nominee Director Independent Director Promoter None 22. Which section of the Companies Act, 2013 deals with the disqualification of directors? Section 164 Section 165 Section 166 Section 167 None 23. A Special Resolution is required for which of the following actions? Appointment of an auditor Appointment of an additional director Alteration of Articles of Association Filing annual returns None 24. Which of the following is not a type of share capital? Authorised capital Issued capital Gross capital Subscribed capital None 25. What is the time limit for filing a charge with the Registrar of Companies? 15 days 30 days 45 days 60 days None 26. Which section of the Companies Act, 2013 deals with Corporate Social Responsibility (CSR)? Section 134 Section 135 Section 136 Section 137 None 27. Which of the following companies is exempt from holding an Annual General Meeting (AGM)? Private company Public company One Person Company Section 8 company None 28. What is the minimum paid-up capital for a private company as per the Companies Act, 2013? ₹1,00,000 ₹5,00,000 ₹10,00,000 No minimum requirement None 29. Who issues the certificate of incorporation to a company? Registrar of Companies Ministry of Corporate Affairs National Company Law Tribunal Board of Directors None 30. Which section deals with "declaration of solvency" in voluntary winding up? Section 304 Section 305 Section 306 Section 307 None 31. Which of the following is considered as the apex regulatory authority for companies in India? Reserve Bank of India (RBI) Ministry of Corporate Affairs (MCA) National Company Law Tribunal (NCLT) Securities and Exchange Board of India (SEBI) None 32. Which type of resolution is required for the removal of an auditor before the expiry of their term? Ordinary resolution Special resolution Unanimous resolution Board resolution None 33. A private company must have a minimum of how many directors? 1 2 3 5 None 34. Who is responsible for conducting the secretarial audit of a listed company? Chartered Accountant Cost Accountant Company Secretary Internal Auditor None 35. Which section of the Companies Act, 2013 specifies the duties of directors? Section 164 Section 166 Section 168 Section 170 None 36. A company must file its financial statements with the Registrar of Companies within how many days of its AGM? 15 days 30 days 60 days 90 days None 37. Which of the following statements about a holding company is incorrect? It controls the composition of the board of directors of another company It holds more than 50% of the equity shares of another company. It must be a public company It may have subsidiaries None 38. What is the maximum tenure of an independent director? 3 years 5 years 10 years No limit None 39. The term "prospectus" is defined under which section of the Companies Act, 2013? Section 2(69) Section 2(70) Section 2(71) Section 2(72) None 40. Which of the following forms part of the "books of account" under the Companies Act, 2013? Balance sheet and profit & loss account only Cash flow statement only Records of sales and purchases only All financial statements and supporting records 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. 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