Companies Act – Test 2

An institution may be notified as a public financial institution if it has been established or constituted by or
under ________other than the act or the previous company law

A company shall be a small company only if its paid-up share capital does not exceed _____________ and its
turnover (as per profit and loss account for the immediately preceding FY) does not exceed ____________

Statement 1: A public company having a paid-up share capital of INR 10 lakh and a turnover of INR 40 lakh is
a small company
Statement 2: A private company having is a paid-up share capital of INR 10 Lakh and a turnover of INR 40
lakh is a small company even though it is a subsidiary of another private company

The term ‘resident in India’ means a person who has stayed in India for a period of not less than ______ during
the immediately preceding financial year

A person shall be eligible to incorporate OPC only if he is ____________

A natural person _____ a member of more than one OPC at any point of time and the said person _____ a
nominee of more than one OPC

OPC cannot get itself converted voluntary into any other kind of company unless _______ have expired from
the date of incorporation of OPC

Statement (1): An OPC cannot have more than 1 director.
Statement (2): An OPC is a private company

A limited company may be_____

An unlimited company may be_____

An OPC cannot get itself converted voluntary into any other kind of company unless a period of _____ has
expired from the date of incorporation of OPC.

An OPC shall cease to be entitled to continue as OPC if it’s paid up share capital exceeds____ or its average
annual turnover during the relevant period exceeds____

Where an OPC ceases to be entitled to continue as OPC it shall within ____ convert itself into _______

The memorandum of OPC shall state the name of any other person who shall become the member of OPC in
case of __________ of the subscriber to memorandum

The capital clause of memorandum shall state

________ cannot be a subscriber to the memorandum and articles

_______ cannot be a subscriber to the memorandum and articles

Various forms of memorandum have been specified in ______ in ________

The provisions contained in table F shall apply to every company limited by shares in so as the articles of such
company do not____ or _____ the provisions contained in table F

In the case of a private company the provisions for entrenchment may be made at the time of formation of the
company or by an amendment of articles ____

In the case of a public company the provisions for entrenchment may be made at the time of formation of the
company or by an amendment of articles________

In case of a company having a share capital, the subscription clause of memorandum shall contain_____

For the purpose of incorporation of a company, there shall be filed with the Registrar, a declaration in Form No.
INC 9 signed by________

Where a company has been got incorporated by furnishing any false or incorrect information or by suppressing
any material fact or information or by any fraudulent action, the Tribunal may, on being satisfied that the
situation so warrants, __________

Every subscriber to memorandum shall make a declaration that he has not been found guilty of any fraud or
misfeasance or beach of duty during the preceding______

Where a company is granted licence under section 8, it is not required to use the word(s) _________ even
though the company is limited company.

A company licenced under section 8 may alter the provisions contained in its memorandum or articles only after
obtaining the previous approval of _________

The firm may become a member of _______

_______ shall be engraved in legible characters on the common seal if any of the company

The telephone number, fax number, if any, e-mail address and any address of website if any shall be printed
on____