Principles of Commerce ICOM Part 01 Top 500 + MCQS Download Pdf Chapter No 07

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Chapter # 07

Joint Stock Company III

Encircle the most appropriate answer from the following options

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1The minimum number of directors in a public ltd company:

1. Nine    
2. Seven
3. Ten
4. Four

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2. The minimum number of directors in a multi-members private ltd company:

1. Five    
2. Not fixed
3. Seven 
4. Two

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3. The objective of a statutory meeting is:

1. To raise funds
2. To gain the confidence of company’s shareholders
3. To settle preferences
4. To sell the shares

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4.The notice of special resolution must be given to the members:

1. 21 days before
2. 37 days before
3. 33 days before
4. 14 days before

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5. The details of the allotted s ares is mentioned in:

1. Statutory report       
2. Special meeting report
3. Annual meeting report
4. All of them

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6. For how much time the directors are selected in a ltd company:

1. 2 year
2. 7 years
3. 3 years           
4. 10 years

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7. What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorporation:

1. 6 months        
2. 9 months
3. 12 months      
4. 18 months

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8. After the formation of a company, what is the first meeting of shareholder is called:

1. Statutory meeting
2. Annual general meeting
3. Extra ordinary meeting
4. None of these

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9. To whom does the directors of a company submit the copy of profit and loss account:

1. Company’s registrar
2. Company’s creditor
3. Company’s auditor     
4. None of them

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10.People who run the management of a joint stock company are:

1. Shareholders  
2. Directors
3. Creditors        
4. Debenture Holder

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11. Who can be a director of a company:

1. Immature/ Minor        
2. Representative of the creditors
3. Artificial person
4. Insolvent person

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12. A Statutory meeting is called after getting the certificate of commencement:

1. After 3 Months
2. After 3 months
3. After 3 Months & Before 6 months
4. Within a year

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13. What is not necessary for a private company:

1. Statutory meeting      
2. Statutory report
3. Both (a) & (b)
4. All the above

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14. The report sent along With the notice of statutory meeting is called:

1. Company report
2. Statutory report
3. Profit and loss report
4. Auditors report

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