Business Law Online Practice set from books

Q158. If a public company limited by shares does not register its own articles, then the articles given in _________ of Schedule I automatically becomes applicable.
a. Stamp Act
b. Table A
c. Special

Answer

b. Table A

Q159. A company by _________resolution can alter or add to its articles.
a. Table A
b. Special
c. bona fide

Answer

b. Special

Q160. The alteration in articles must be _________for the benefit of the company as a whole.
a. bona fide
b. Centre
c. inter se

Answer

a. bona fide

Q161. An alteration of articles to effect a conversion of a public company into a private company cannot be made without the approval of the _________
a. Central Government
b. State Government
c. None of these

Answer

a. Central Government

Q162. The articles bind the members_________, i.e., one to another so far as rights and duties arising from the articles are concerned.
a. inter se
b. contractual
c. outsiders

Answer

a. inter se

Q163. The memorandum or articles do not confer any _________rights to outsiders against the company or its members
a. contractual
b. outsiders
c. public

Answer

a. contractual

Q164. Where the directors contravene the provisions of the articles it may affect _________ interest also.
a. outsiders
b. public
c. true perspective

Answer

a. outsiders

Q165. The memorandum and articles, when registered, become _________documents.
a. public
b. true perspective
c. nominal fee

Answer

a. public

Q166. Every person dealing with the company is presumed to have read its articles & memorandum and, understood them in their_________; this is known as ‘Doctrine of Constructive notice.
a. true perspective
b. nominal fee
c. doctrine of constructive notice

Answer

a. true perspective

Q167. After registration Articles and memorandum can be inspected by anyone on payment of a_________
a. nominal fee
b. doctrine of constructive notice
c. doctrine of indoor management

Answer

a. nominal fee

Q168. The _________throws a burden on people entering into contracts with the company that they are presumed to have read the documents.
a. doctrine of constructive notice
b. doctrine of indoor management
c. None of these

Answer

a. doctrine of constructive notice

Q169. The _________allows all those who deal with the company to assume that the provisions of the articles have been observed by the officers of the company.
a. directors
b. doctrine of indoor management
c. prospectus

Answer

b. doctrine of indoor management

Q170. The _________rule does not protect any person, who has actual or constructive notice of the want of authority of the person acting on behalf of the company.
a. doctrine of indoor management
b. prospectus
c. Registrar

Answer

a. doctrine of indoor management

Q171. A document shall be called a _________if it satisfies two things which includes It invites subscriptions to share or debentures or invites deposits and the aforesaid invitation is made to the public.
a. prospectus
b. Registrar
c. directors

Answer

a. prospectus

Q172. A copy of the prospectus duly signed by every director or proposed director must be delivered to the _________before its publication.
a. Registrar
b. directors
c. two

Answer

a. Registrar

Q173. For purposes of registration of a prospectus under s.60, the persons making the offer of sale to the public are to be deemed as _________of the company.
a. Registrar
b. directors
c. Manager

Answer

b. directors

Q174. Where a prospectus contains an untrue statement, every person authorizing its issue is punishable with imprisonment for a term up to _________years.
a. two
b. one
c. three

Answer

a. two

Q175. The ‘Golden Rule’ for framing of a prospectus is that the _________nature of the company’s venture should be disclosed.
a. true
b. omit
c. stock

Answer

a. true

Q176. The persons issuing the prospectus are bound to state everything accurately and not_________material facts
a. omit
b. stock
c. addition

Answer

a. omit

Q177. The term _________ may be defined as the aggregate of fully paid-up shares of a member merged into one fund of equal value.
a. stock
b. SEBI
c. premium

Answer

a. stock

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