Companies Act – Test 1

The minimum number of members in a private company and public company are

Only a natural person who is an Indian citizen and who has stayed in India for a period of at least days during
the immediately preceding one calendar year shall be eligible to incorporate an OPC.

A section 8 company can call its general meeting by giving a clear at least _________ notice.

Which one of the following is not the content of the Memorandum of Association?

The Registrar shall register any alteration of the memorandum with respect to the objects of the company and
certify the registration within a period of ______ from the date of filing of the special resolution.

A private company and public company must have a minimum paid-up capital of

A model form of articles contained in table ‘F’ relates to a company limited by_________

Alteration of object clause of memorandum of association of a company requires.

Contracts which are entered into by agents or trustee on behalf of a prospective company before it has come
into existence are called:

Angel Infrastructures Pvt. Ltd. with a paid-up capital of Rs.45 Lacs and annual turnover of Rs.175 Lacs, is a
wholly owned subsidiary of Almighty Infrastructure Development Ltd. a listed company. Can Angel
Infrastructures be called a small company?

High Aim Pvt. Ltd. wants to change its object clause of the Memorandum of Association of the Company. This
need:
.

Sapan and Sanjay made a name reservation application accompanied by requisite fee to the Registrar for
forming a new private company. The Registrar accorded its approval for reservation of most preferred name
Sapanjay Softwares Private Ltd. on 6th July, 2018. In how many days, necessary documents for incorporation
of the company must be submitted to the Registrar so that the reserved name does not get lapsed.

Seema Bulbs Ltd. is desirous of having significant influence in Shaukeen LED Bulbs and Tubes Ltd. so that
the latter becomes its ‘associate company’. For exercising ‘significant influence’ one of the options available
to Seema Bulbs is to control at least twenty per cent of total voting power of Shaukeen LED Bulbs and Tubes.
What is the other option available?

Rukmani, a fresh science graduate, wants to make available the farmers good quality seeds and manure. For
her business she is contemplating to form a company and is weighing various options. Sometimes before, she
came to know that a ‘one-person company’ has minimum one member and one director whereas a private
company has minimum two members and two directors. As regards a public company, she has vague idea that
there should be minimum three directors but she does not know about the minimum members required in
this case. Advise

Ravi is the owner of a grocery store. In March 2018, he got the idea of forming a ‘One Person Company’ and
convinced his sister Ruchika, an Indian citizen who resides in London but visits India from time to time, to
become nominee in his OPC. In the year 2017, Ruchika first came to India on 10th January and left for London
on 26th February. Thereafter, she again visited India on 7th June and remained here till 10th October and
boarded an evening flight for London on the same day. From then onward she did not visit India in the year
2017 but on 2nd January 2018 she came to India for a short duration and left for London on 14th February,
2018. Is it possible for Ravi to appoint Ruchika as nominee?

Ruchir Marcons Ltd. which provides marketing and consultancy services is keen to have a ‘significant
influence’ in Ruchika Marketing Ltd. so that it becomes its ‘associate company’. For having ‘significant
influence’ Ruchir Marcons Ltd. needs to control certain percentage of total voting power of Ruchika Marketing
Ltd. What is that?
been effected ____________

Jatin is desirous of forming a ‘One Person Company (OPC)’ for which he wants to nominate his wife Jasmin
who in the event of his death shall become the member of OPC. However, he is not aware of as to which
document should contain the name of the nominee. Advise him in the matter

The Registrar shall register any alteration of the memorandum with respect to the objects of the company and
certify the registration within a period of from the date of filing of the special resolution.

Swastik Pvt Ltd passed a special resolution to change its name to Swastik Darshan Pvt Limited on 30th May,
2017. Relevant MCA filing was done on due time and then Company got its new stationery printed on 1st, July,
2017. However, there was a delay in issue of certificate and Company received new certificate on 20th August,
2017 which was issued on 10th August, 2017. Company wants to enter into a lease agreement for new premise.
When they can do such agreement in new name of the Company?

Mr. Pushkar wishes to start his own venture with an idea of recycling of plastic waste. He approaches you for
your advice so as to decide on which type of entity he should incorporate mainly based on the aspects of
taxation, capital funding and other monetary benefits to the promoters. Kindly suggest a suitable form of
entity from the following

DEF Private Limited altered its Articles of Association on its conversion into public Company. A copy of order of the competent authority approving the alteration, is required to be filed with Registrar. How many days
Company have to file such order?

An Indian Company decided to shift its registered office within the jurisdiction of same Registrar in a Board
meeting held on 25th May, 2017. Within how many days Company shall intimate such change to Registrar of
Companies?

_________________ in relation to another company, means a company in which that other company has a
significant influence, but which is not a subsidiary company of the company having such influence and includes
a joint venture company

A company incorporated outside India which has no place of business in India and which does not conduct any
business activity in India in any manner is__________________

Company limited by guarantee means a company having the liability of its members limited by
______________ to such amount as the members may respectively undertake to contribute to the assets of
the company in the event of its being wound up

Government company means any company in which not less than 51% of the paid-up share capital is held

A private company shall have a minimum of _______ members and a maximum of _______ members

Private company means a company which by __________ prohibits any invitation to ________ to subscribe
for any securities of the company

An institution may be notified as a public financial if ___________ of the paid –up share capital of such
institution is held or controlled by the Central Government or by any State Government or Governments or
partly by the Central Government and partly by one or more State Government

Which of the following is true?