Answer the following MCQS

no need of explanation

190.If a company or undertaking is subsidiary of another then it is:

(0.5 Points)

a) Private company

b) Public company

c) Associated company

d) All of the above

191.A public company may reserve certain percentage of shares/further issue of its employees under:

(0.5 Points)

a) Company scheme

b) Labour scheme

c) Employee stock option scheme

d) None

192.the transfer of shares or debentures of a decreased member by his nominee or legal representative shall although, he is not himself the member be as:

(0.5 Points)

a) Void

b) Voidable

c) Valid

d) Legal offence

193.Transfer of shares to successor or nominee is called:

(0.5 Points)

a) Transmission

b) Alteration

c) Nomination

d) None

194.A duplicate certificate of shares, debentures or debentures issued shall be issued by the company with ___ from the date of application.

(0.5 Points)

a) 50 days

b) 45 days

c) 35 days

d) 25 days

195.Minimum subscription is the amount of capital mentioned:

(0.5 Points)

a) Articles of association

b) Prospectus

c) Both a) & b)

d) None

196.The money received in excess of minimum subscription is required to be:

(0.5 Points)

a) Deposited

b) Refunded

c) Utilized

d) None

197.A condition or requirement binding an applicant for share in or debenture of a company to waive compliance with any of the requirements and not mentioned in the prospectus shall be:

(0.5 Points)

a) Legal

b) Allowed

c) Void

d) Valid

198.If a person is the owner of or director in a company or undertaking or who so controls shares not less then 10% of:

(0.5 Points)

a) Governing power

b) Ruling power

c) Voting power

d) All of the above

199.If a person have any share, scrip or other security which gives him a voting power/right becomes:

(0.5 Points)

a) Director

b) Chief executive

c) Member

d) Officer

200.Memorandum of association are:

(0.5 Points)

a) Internal affairs of company

b) External affairs of company

c) Mandatory

d) Both a) & c)