Miscellaneous Provisions – Test 1

To value any property, stocks, shares or any other assets of a company, appointment of registered Valuer shall be made by ________.

Can a valuer undertake valuation of any assets in which he has a direct or indirect interest?

What shall not be the duties of a Registered Valuer?

In case a Valuer becomes interested in any property, stock etc of the company, he may be appointed as Registered Valuer of the company after a cooling off period of:

If a valuer contravenes the provisions of Sec. 247 of Companies Act, 2013 or rules made there under, he shall be punishable with a fine ___________.

If a valuer has contravened the provisions of Sec. 247 of Companies Act, 2013 with the intention to defraud the company or its members he shall be punishable with _________.

Where a valuer has been convicted for contravention of provisions of Sec. 247, he shall be liable to _________.

When a company has failed to commence its business within one year of its incorporation, ________

A company may file an application fro removal on all or any of the grounds specified u/s 248(1) subject to the fulfillment of following conditions:

(i)   Application can be filed after extinguishing all its liabilities.

(ii)  Application can be filed only when company is being authorized by a special resolution.

(iii) Application can be filed only when company has consent of 75% members in terms of paid-up share capital.

Choose the correct one:

Any person aggrieved by an order of the Registrar, notifying a company as dissolved u/s 248, may file an appeal to ______ within a period of _______ from the date of the order of the Registrar.

A company having the liability of its members limited by any Act of Parliament other than this Act or by any other law for the time being in force, shall not register in pursuance of Sec. 366 of Companies Act, 2013 as _______.

Where a company not having the liability of its members limited by any Act of Parliament or any other law for the time being in force is about to register as a limited company in pursuance of Sec. 366 of Companies Act, 2013, the majority required to assent as aforesaid shall consist of not less than __________.

Which of the following the provisions are correct in relation to winding up of unregistered companies u/s 375 of Companies Act, 2013:

1. An unregistered company may be wound up if the company is dissolved, or has ceased to carry one business, or is carrying on business only for the purpose of winding up its affairs.
2. An unregistered company may be wound up if the company is unable to pay its debts.
3. An unregistered company may be wound up under this Act voluntarily.

Choose the correct one

X, a foreign company, with a place of business in India, ceases to carry on business in India. State the legal position of such foreign company under the Companies Act, 2013.

XYZ limited is a government company whose 40% paid up share capital is held by Government of Punjab and 20% paid up share capital is held by Government of Rajasthan.

Annual reports of XYZ limited should be prepared by _______ within _________ of its AGM.

As per the provisions of Companies Act, 2013, what is the maximum amount of fees for obtaining copy of registers or entries there in or returns?

How many registration offices shall be established for the purpose of excising such powers and discharging such functions as are conferred on the Central Government by or under Companies Act, 2013 or under the rules made there under and for the purposes of registration of companies under this Act.

Who may appoint Registrars, Additional, Joint, Deputy and Assistant Registrars for the registration of companies and discharge of various functions under Companies Act, 2013?

A Nidhi to be incorporated under the Companies Act, 2013 shall be a public company and shall have a minimum paid up _______.

A Nidhi company may issue ________.

Which of the following is incorrect relating to Nidhi Companies as per Companies Act, 2013?

The Director of Nidhi company shall hold office for a term up to _______ on the Board of Nidhi company and shall be eligible for re-appointment only after the expiration of ________ of ceasing to be a Director.

M/s Aayushi Mutual Benefits Nidhi Ltd. is incorporated as a Nidhi company under the Companies Act, 2013. The Board of Directors of the company is planning to declare dividend for the current year at 45% Board seeks your advice on the above issue as per the provisions of the companies Act, 2013 read with rules. Advice.

If a company to which the Nidhi Rules, 2014 applies contravenes any of the provisions of the prescribed rules, the company and every officer of the company who is in default shall be punishable with fine which may extend to _____, and where the contravention is a continuing one, with a further fine which may extend to _______ for every day after the first during which the contravention continues.

As per Sec. 447 of Companies Act, 2013, a person shall be punishable with imprisonment for a term which shall not be less than 6 months but which may extend to 10 years, if he is found to be guilty of fraud, involving an amount of

As per Sec. 447 of Companies Act, 2013, a person who commits a fraud which involves public interest, the term of imprisonment shall not be less than _________.

As per Sec. 447 of Companies Act, 2013, where the fraud involves an amount less than Rs.10 lakh or 1% of the turnover of the company, whichever is lower, and does not involve public interest, any person guilty of such fraud shall be punishable with imprisonment for a term which may extend to _______ or with fine which may extend to ______ or with both.

As per Sec. 448 of Companies Act, 2013, if in any return, report, certificate, financial statement, prospectus, statement or other document required by, or for, the purpose of any of the provisions of this Act or the rules made there under, any person makes a statement, (a) which is false in any material particulars, knowing it to be false; or (b) which omits any material fact, knowing it to be material, he shall be liable _______.

As per Sec. 455 of Companies Act, 2013, “inactive company” means a company which has not been carrying on any business or operation, or has not made any significant accounting transaction or has not filed financial statements and annual returns during the last __________.

A dormant company shall have a minimum number of _______ directors in case of a public company, ________ directors in case of a private company and _______ director in case of a One Person Company.