answer the following MCQS

no need of explanation

160.Number of directors to be elected in the forthcoming election shall be fixed by the directors at least

(0.5 Points)

a) 21 days before election in the general meeting

b) 35 Days Before Election In The General Meeting

c) 60 days before election in the general meeting

d) None of the above is correct

161.The company can be dissolved through the order of the court

(0.5 Points)

A. If in the opinion of the court that the official liquidator cannot windup company,

B. When the affairs of company are completely wound up

C. Both a & b

D. None

162.Which of the following is not a preferential creditor?

(0.5 Points)

A. All sum due to employee from a provident fund, pension fund, gratuity fund or any other fund maintain for welfare of employee.

B. Compensation under workmen's compensation act.

C. Amount due under empoyees state insurance act for 12 months previous to the winding up

D. Amount due to employee under amalgamation or reconstruction

163.Preference shareholders are legally entitled to the repayment of capital in the event of liquidation of the company

(0.5 Points)

A. False

B. True

C. Not confirm

D. None

164.In case of members voluntarily winding up the liquidator is appointed by

(0.5 Points)

a) Shareholders

b) Members

c) Creditors

d) All above

165.In case of compulsory winding up liquidator is appointed by

(0.5 Points)

a) Court

b) Commission/secp

c) Board of directors

d) Both a & b

166.If a company makes a default in delivering the statutory report to the registrar or in holding the statutory meeting, then company is compulsorily wound up by the court.

(0.5 Points)

a) True

b) False

c) By commission

d) None

167.Compulsory winding up can be;

(0.5 Points)

a) If a company unable to pay its debt

b) If the number of members of company reduced below statutory limit.

c) If a company does commence its business within a year from its incorporation.

d) All of the above

168.Voluntary winding up of the company can be:

(0.5 Points)

b) If period fixed for the company is expired.

c) If company passes a special resolution the company wound up voluntarily.

d) Members voluntary winding up is applicable to solvent companies only

e) All of the above

169.A company being a creation of law cannot die a natural death. It comes to an end by law through the process of liquidation

(0.5 Points)

a) True

b) False

c) Neither a nor b

d) Partial true