PGT (Commerce previous year questions) (HTET) (Part – III)

Total Questions: 100

1. The concept of DIN (Directors Identification Number) was brought into force w.e.f.:

Correct Answer: C. 1-11-2006

2. Limited Liability Partnership Act came into effect in the year:

Correct Answer: D. 2008

3. Section 3 of the Companies Act, 2013 allows formation of________.

Correct Answer: A. One person Company

4. In case of issue of shares by a company to the public, if minimum subscription, as stated in prospectus has not been received in 30 days of issue of prospectus or such other period as specified by SEBI, then the application money shall be repaid within a period of_______days from the closure of the issue.

Correct Answer: B. 15

5. "A company remains free from the hazards of all personal misfortunes of its members" is derived from the benefit of incorporation of company being_______

Correct Answer: D. Independent legal entity

6. The powers of a company are contained in the______clause of memorandum of association.

Correct Answer: B. Object

7. Restrictions on transferability of shares is relevant in case of:

Correct Answer: A. Only private company having share capital

8. A private company is required compulsorily to limit through its articles, the number of members to________

Correct Answer: C. 200

9. The committee to recommend formation of OPC (One Person Company) in India is________

Correct Answer: B. J.J. Irani

10. Which one of the following is not a relaxation given to an OРС?

Correct Answer: D. No need to appoint Company Secretary