Please help in Question of Company Law= Fill in the Blanks, Objective and true, false

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Hardik Dave

IPCC and CS Professional(FINAL) Student

15533 Points Posted on 27 January 2011

Helo friends i have doubt in sone objective questions, filling the blanks and True and false Pls Help me ==> *=Choose the most appropriate answer ., (1)Section 2(36) of the Companies Act, 1956 defines-(a)Public deposits,(b)Prospectus,(c)Share capital,(d)Equity shares, (2) A floting charge crystallizes and the security becomes fixed in the following cases : -(a)when the company shift its business, (b)when the company ceases to carry on the business,(c)when the company is bankrupt, (d)All of the above. (3) The general body of shareholders may exercise the powers vested in the Board when the Board is :- (a) Incompetent to act,(b) Cnmpetent to act,(c)Directors are not qualifed,(d)None of the above, (4) According to Section 41 of the Companies Act by which mode a person may acquire membership of a company :- (a)by an oral agreement, (b)by agreeing in writing to become a member,(c)by subscribing to the memorandun, (d) both (b) and (c). (5) Section 317 permits a company to appoint or re-appoint a manager for a period not exceeding -(a)5 years,(b)10 years, (c)3 years, (d) None of the above. [6] Where a chairman is not authorized to sign a Board's Report, it shall be Signed by not less than:- (a)3 directors of the company, (b)4 directors,(c)all directors,(d)2 directors. . . . . . *=FILL IN THE BLANKS = > (1) A company may held its first annual general meeting within______from the date of its incorporation. (2) Net profit' for the purposes of calculating managerial remuneration is to be computed in accordance with the provisions of section ____of the companies Act, 1956. (3)Every designated partner of limited liability partnership shall obtain a____from the central Government. (4) A declaration of solvency is required to be given in ____winding up. (5)Voluntary winding up shall be deemed to commence at the time____. (6) Every member of a producer company shall have____.

Replies (5)

Hardik Dave

IPCC and CS Professional(FINAL) Student

15533 Points Posted on 28 January 2011

Pls Help me friends.smile.

Manmohan ACA, CS

Chartered Accountant

14245 Points Posted on 28 January 2011

Originally posted by : Hardik Dave

(2) A floting charge crystallizes and the security becomes fixed in the following cases : -(a)when the company shift its business, (b)when the company ceases to carry on the business,(c)when the company is bankrupt, (d)All of the above.

(3) The general body of shareholders may exercise the powers vested in the Board when the Board is :- (a) Incompetent to act,(b) Cnmpetent to act,(c)Directors are not qualifed,(d)None of the above, (4) According to Section 41 of the Companies Act by which mode a person may acquire membership of a company :- (a)by an oral agreement, (b)by agreeing in writing to become a member,(c)by subscribing to the memorandun, (d) both (b) and (c). (5) Section 317 permits a company to appoint or re-appoint a manager for a period not exceeding -(a)5 years,(b)10 years, (c)3 years, (d) None of the above. []sec 317 is for managing directors

[6] Where a chairman is not authorized to sign a Board's Report, it shall be Signed by not less than:- (a)3 directors of the company, (b)4 directors,(c)all directors,(d)2 directors. . . . . . *=FILL IN THE BLANKS = > (1) A company may held its first annual general meeting within 18 months from the date of its incorporation. (2) Net profit' for the purposes of calculating managerial remuneration is to be computed in accordance with the provisions of section 349 of the companies Act, 1956. (3)Every designated partner of limited liability partnership shall obtain Designated Partner Identification Number. (DPIN) from the central Government.

(4) A declaration of solvency is required to be given in form 62 in winding up. (5)Voluntary winding up shall be deemed to commence at the time passing of special resolution . (6) Every member of a producer company shall haveLimited Liability .