Companies Act, 2013

Description: Companies Act, 2013 Quiz
Number of Questions: 15
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Tags: companies act, 2013 corporate law business law
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Which section of the Companies Act, 2013 deals with the definition of a company?

  1. Section 2(20)

  2. Section 2(21)

  3. Section 2(22)

  4. Section 2(23)


Correct Option: A
Explanation:

Section 2(20) of the Companies Act, 2013 defines a company as an artificial person created by or under any law in India or outside India, having an independent legal status with or without limited liability.

What is the minimum number of members required to form a private company?

  1. 1

  2. 2

  3. 3

  4. 4


Correct Option: B
Explanation:

As per Section 3 of the Companies Act, 2013, a private company must have a minimum of 2 members.

Which of the following is not a type of company recognized under the Companies Act, 2013?

  1. Public Company

  2. Private Company

  3. Limited Liability Partnership

  4. One Person Company


Correct Option: C
Explanation:

Limited Liability Partnership is not a type of company recognized under the Companies Act, 2013. It is a separate legal entity governed by the Limited Liability Partnership Act, 2008.

What is the maximum number of directors that a public company can have?

  1. 10

  2. 12

  3. 15

  4. 20


Correct Option: C
Explanation:

As per Section 149(1) of the Companies Act, 2013, a public company can have a maximum of 15 directors.

Which section of the Companies Act, 2013 deals with the appointment of an auditor?

  1. Section 139

  2. Section 140

  3. Section 141

  4. Section 142


Correct Option: A
Explanation:

Section 139 of the Companies Act, 2013 deals with the appointment of an auditor.

What is the minimum share capital required to form a public company?

  1. ₹1 lakh

  2. ₹5 lakh

  3. ₹10 lakh

  4. ₹15 lakh


Correct Option: B
Explanation:

As per Section 48(1) of the Companies Act, 2013, the minimum share capital required to form a public company is ₹5 lakh.

Which of the following is not a requirement for the registration of a company under the Companies Act, 2013?

  1. Name of the company

  2. Registered office address

  3. Memorandum of Association

  4. Articles of Association


Correct Option: B
Explanation:

Registered office address is not a requirement for the registration of a company under the Companies Act, 2013. However, it is required to be filed with the Registrar of Companies after the incorporation of the company.

What is the maximum tenure for which a director can be appointed?

  1. 3 years

  2. 5 years

  3. 7 years

  4. 10 years


Correct Option: B
Explanation:

As per Section 152(1) of the Companies Act, 2013, the maximum tenure for which a director can be appointed is 5 years.

Which of the following is not a ground for disqualification of a director under the Companies Act, 2013?

  1. Conviction for an offence involving moral turpitude

  2. Unsound mind

  3. Being a minor

  4. Being a foreigner


Correct Option: D
Explanation:

Being a foreigner is not a ground for disqualification of a director under the Companies Act, 2013.

What is the minimum number of shareholders required to call an extraordinary general meeting?

  1. 10%

  2. 25%

  3. 50%

  4. 75%


Correct Option: A
Explanation:

As per Section 100(1) of the Companies Act, 2013, the minimum number of shareholders required to call an extraordinary general meeting is 10% of the total number of shareholders.

Which section of the Companies Act, 2013 deals with the winding up of a company?

  1. Section 270

  2. Section 271

  3. Section 272

  4. Section 273


Correct Option: A
Explanation:

Section 270 of the Companies Act, 2013 deals with the winding up of a company.

What is the maximum period for which a company can be wound up voluntarily?

  1. 1 year

  2. 2 years

  3. 3 years

  4. 4 years


Correct Option: B
Explanation:

As per Section 274(1) of the Companies Act, 2013, the maximum period for which a company can be wound up voluntarily is 2 years.

Which of the following is not a mode of winding up a company under the Companies Act, 2013?

  1. Voluntary winding up

  2. Compulsory winding up

  3. Fast-track winding up

  4. Scheme of arrangement


Correct Option: D
Explanation:

Scheme of arrangement is not a mode of winding up a company under the Companies Act, 2013.

What is the minimum number of members required to form a one person company?

  1. 1

  2. 2

  3. 3

  4. 4


Correct Option: A
Explanation:

As per Section 2(62) of the Companies Act, 2013, a one person company can be formed by a single member.

Which of the following is not a requirement for the registration of a one person company?

  1. Name of the company

  2. Registered office address

  3. Memorandum of Association

  4. Articles of Association


Correct Option: D
Explanation:

Articles of Association is not a requirement for the registration of a one person company. However, it is required to be filed with the Registrar of Companies after the incorporation of the company.

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