MCQ Portal

1. Within how many days must a company hold its first Board meeting after incorporation?

3 months of its incorporation 30 days of its incorporation 15 days of its incorporation 4 months of its incorporation

2. A Nidhi company must maintain a minimum number of members:

500 200 100 50

3. What is the quorum requirement for a General Meeting of a Producer Company unless Articles specify a larger number?

5 members One-third of total membership One-fourth of total membership Half of total membership

4. As per Section 209 of the Companies Act, 2013, the original books and papers seized during a search & seizure must be returned within:

180 days after such seizure 90 days after such seizure 360 days after such seizure 30 days after such seizure

5. As per Section 233 of the Companies Act, 2013, a small company eligible for simplified merger procedures must have a paid-up capital not exceeding:

₹10,00,000 ₹25,00,000 ₹50,00,000 ₹100,00,000

6. After a company is determined to be sick by the Tribunal, within how many days must an application for revival or rehabilitation be made?

30 days of determination of sickness 60 days of determination of sickness 120 days of determination of sickness 180 days of determination of sickness

7. How many types of penalties are contemplated under the Companies Act, 2013?

10 types 5 types 7 types 3 types

8. If a person is aggrieved by an order of the Appellate Tribunal, they may file an appeal to the Supreme Court within how many days of receiving the order?

30 days 60 days 90 days 120 days

9. Any allotment of securities based on a Prospectus shall be void if listing permission is not granted by the Stock Exchange within how many weeks from the issue closure?

12 weeks from the closure of the issue 10 weeks from the closure of the issue 8 weeks from the closure of the issue 30 days from the closure of the issue

10. Under the Competition Act, 2002, unfair competition practices include:

Collusive price fixing Allocation of markets Discriminatory pricing All of the above

June 2017 Law Paper