Memorandum of understanding and articles of association - class-XI
| Description: memorandum of understanding and articles of association | |
| Number of Questions: 53 | |
| Created by: Girish Goud | |
| Tags: company business studies |
What is not false for dormant company?
A hospital does some charity work although it was not obliged to do so. What will be true?
Statutory body created for accounting norms under CA 2013 is _______.
Is CSR applicable to Foreign Companies?
For a company to be a small company _____________.
Where a fraudulent and dishonest use is made of the legal entity, the Court will break through the corporate shell and apply the principle of what is known as _______
Private companies need not to register its own Article.
Final accounts of companies are prepaid according to_________of the companies Act,2013.
Power/ duties of Auditors apply _______to Company Secretary in Practice conducting secretarial audit.
The 'Doctrine of Indoor Management' provides protection to the ___________.
A company can change its name, by passing _________.
Which is NOT a feature of an incorporated company?
Dividend of a company is declared in _________.
Below mentioned are factors that have allowed small companies to act like they are big ones. Pick the right one.
The persons who are in charge of the management of affairs of a company are termed as directors. They are collectively known as ________.
What is full form of CSR?
Which of the following cases clearly established that 2 company has a separate legal entity?
A company has to file annual return for 31st March, 2015 which form it will fill?
In a company maximum time difference between two board meetings is _________.
Which company gives its members a right to transfer his shares?
In a company who conceives the idea of the business?
Preferential shareholders can call meeting in which situation?
As per section 2(41) of the Companies Act, 2013 financial year of the Company is ________.
The corporate veil can be lifted___.
If company does not follow the principle of separate legal entity, _______ can be done.
The corporate veil can be lifted__.
The net worth of a company is rupees five hundred crore in the year 2012-13. In the financial year 2014-15 its net worth is less than five hundred crore. As per Companies Act, 2013 it will need to constitute CSR Committee and comply with provisions of 135(2) to (5) in the year ________.
A company may be-.
The corporate veil can be lifted____.
A corporate veil may be lifted when_____.
Practicing Company Secretary has been authorized to appear as authorized representative before the Securities Appellate Tribunal (SAT) under _____.
The audit report, besides other things necessary in any particular case, need not to expressly state -
"Casual Vacancy" in relation to auditor means vacancy which arises due to -
1. Resignation
2. Death
3. Disqualification of auditor
Select the correct answer from the options given below -
Which of the following shall be eligible for appointment as an auditor of a company as per Section 141(3) of the Companies Act, 2013?
Which of the following services can be rendered by auditor of the company as per Section 144 of the Companies Act, 2013?
As per Section 141(1) of the Companies Act, 2013, a person shall be eligible for appointment as an auditor of a company only if he is a -
Which of the following shall NOT be eligible for appointment as an auditor of a company as per Section 141(3) of the Companies Act, 2013?
(I) A body corporate
(II) Limited liability partnership
(III) An officer of the company
(IV) An employee of the company
(V) A person who is a partner of an officer or employee of the company
(VI) A person who is in the employment of an officer or employee of the company
(VII) A person who is indebted to the company in excess of Rs. 2 Lakhs but below Rs. 5 Lakhs
The correct answer is -
Prof. Goodhart says that ration decidendi is nothing more than the decision based on the ............... of the case.
The auditors are appointed equity shareholders in certain cases auditor can be appointed by -
(i) Directors
(ii) Central Government
(iii) Debenture holders
The correct answer is -
Which of the following section of the Companies Act, 2013 contains the provision relating to disqualification of auditor?
Which of the following section of the Companies Act, 2013 contains provisions as regards to qualification of auditors?
Company .............. to send any intimation of appointment of first auditor to the Registrar of companies (ROC).
The company shall inform the auditor concerned of his or its appointment, and also file a notice of such appointment, and also file a notice of such appointment with the Registrar within _____ of the meeting in which the auditor is appointed.
Section 139(1) of the Companies Act 2013 provides that____________must appoint an auditor.
Section 139(1) of the Companies Act, 2013 provides that every company must appoint ............... as an auditor.
(I) An Individual
(II) A firm
(III) A firm having at least three partners
(IV) Body corporate
The correct answer is -
Where the corporate veil has been used for commission of fraud or improper conduct, Courts have lifted the veil and looked at the realities of die situation. In relation to this, which of the following case law can be quoted?
Section 139(1) of the Companies Act, 2013 provides that every company must appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its _______ and thereafter till the conclusion of every _______ and the manner and procedure of selection of auditors by the members of the company at such meeting shall be such as may be prescribed however the company shall place the matter relating to such appointment for ratification by _______ at every ________
As per section 141(4) of the Companies Act, 2013 where person appointed as an auditor of a company incurs any of the disqualifications mentioned in section 141(3) after his appointment, he_________his office has such auditor and such vacation shall be deemed to be a _________in the office.
Under Section 143(2) of the Companies Act, 2013 the auditor shall make a report to the ............. of the company.
An auditor may function as___________
(I) An employee
(II) an independent professional
The correct answer is-
In which one of the following cases has the court applied the doctrine of lifting the veil to determine distinct personality of corporation?
Match the pairs.
| List I | List II | ||
|---|---|---|---|
| (i) | ictus reus | (1) | the grounds of decision |
| (ii) | obiter dictum | (2) | A guilty mind |
| (iii) | ratio decidendi | (3) | Guilty act |
| (iv) | mens rea | (4) | An opinion of law not necessary to the decision |
| (5) | Signifies a right to be heard |
Sub rosa means _______