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

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Principles of Commerce ICOM Part 01 Top 500 + MCQS Download Pdf
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Chapter # 07

Joint Stock Company III

Encircle the most appropriate answer from the following options


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

  1. Nine    
  2. Seven
  3. Ten
  4. Four

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

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

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

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

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

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

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

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

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

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

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

11. Who can be a director of a company:

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

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

13. What is not necessary for a private company:

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

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