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Multiple Choice Questions---Companies Ordinance 1984/ Corporate Law/ Company Law for
ACMA (ICMAP) & CA Students--Rehan Aziz Shervani----Abdul Wahid Ali (Co-researcher)
Ratings: (2)|Views: 6,446|Likes: 15
Published by Rehan Shervani
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III.
2000IV.
100076.
NO ALLOTMENT SHALL BE MADE OF ANY SHARE CAPITAL OF A COMPANY OFFERED TO
PUBLICFOR SUBSCRIPTION UNLESS THE AMOUNT STATE IN PROSPECTUS AS THE
MINIMUM AMOUNTIN OPINION OF DIRECTORS MUST BE:I.
RAISED BY ISSUE OF SHARE CAPITALII.
AND FULL AMOUNT THEREOF HAS BEEN PAIDIII.
AND THE AMOUNT RECEIVED IN CASH BY COIV.
ALL OF THE ABOVE77.
ALL MONEYS RECEIVED FROM APPLICANTS FOR SHARES SHALL BE DEPOSITED AND
KEPT IN ASEPARATE:I.
LOCKERII.
CUSTODYIII.
BANK ACCOUNTIV.
NONE78.

ALL MONEYS RECEIVED FROM APPLICANTS FOR SHARES SHALL BE DEPOSITED AND
KEPT IN ASEPARATE BANK ACCOUNT UNTILL:I.
THE BUSINESS STARTSII.
LAW ALLOWSIII.
THE CERTIFICATE TO COMMENCE BUSINESS IS OBTAINEDIV.
ALL79.
THE AMOUNT PAYABLE ON APPLICATION ON EACH SHARE SHALL BE THE FULL:I.
ORDINARY AMOUNT OF THE SHARESII.
SPECIAL AMOUNT OF THE SHARESIII.
NOMINAL AMOUNT OF THE SHARESIV.
BOTH ii) & iii)80.
IF SUCH MONEY IS NOT REPAID WITHIN __________ DAYS AFTER THE ISSUE OF
PROSPECTUS:I.
40 DAYSII.
50 DAYSIII.
21 DAYSIV.
28 DAYS81.
IF THE AMOUNT OF UN-SUCCESSFUL APPLICANT IS NOT REFUNDED;THE DIRECTORS OF
THECOMPANY ARE LIABLE TO PAY SURCHARGE @ __________ PER MONTH:I.
1-3/2 %II.
1-4/5 %III.
1-1/2 %IV.
NONE82.
MINIMUM SUBCRIPTION IS THE AMOUNT OF CAPITAL MENTIONED:I.
ARTICLES OF ASSOCIATIONII.
PROSPECTUSIII.
BOTH i) & ii)IV.

NONE83.
THE MONEY RECEIVED IN EXCESS OF MINIMUM SUBCRIPTION IS REQUIRED TO BE:I.
DEPOSITEDII.
REFUNDEDIII.
UTILIZEDIV.
NONE
84.
IN CASE OF CONTRAVENTION OF SUBCRIPTION OF SHARES AND ALLOTMENT OF
SHARES;THEDIRECTORS,PROMOTERS OR THER PERSONS KNOWINGLY RESPONSIBLE FOR
SUCHCONTRAVENTION SHALL BE LIABLE TO A FINE NOT EXCEEDING:I.
5,000II.
15,000III.
2,000IV.
10,00085.
IN CASE OF CONTINUING CONTRAVENTION TO A FURTHER FINE NOT EXCEEDING
__________FOR EVERY DAY AFTER THE FIRST DURING WHICH CONTRAVENTION
_____________CONTINUES:I.
500II.
600III.
300IV.
20086.
AN ALLOMENT OF SHARES MADE BY COMPANY TO AN APLLICANT IN THE
CONTRAVENTION OFTHE PROVISIONS OF RESTRICTION AS TO ALLOTMENT AND
STATEMENT IN LIEU OFPROSPECTUS;SHALL BE:I.
VALIDII.
VOIDIII.
VOIDABLEIV.
NOT ENFORCEABLE87.

THE SENERIO ABOVE THE MINIMUM TIME REQUIRED FOR THE ALLOTMENT OF SHARES
TO BEVOIDABLE AFTER THE HOLDING OF STATUTORY MEETING OF THE COMPANY:I.
35 DAYSII.
40 DAYSIII.
30 DAYSIV.
50 DAYS88.
IN CASE OF EFFECT OF IRREGULAR ALLOTMENT OF SHARES;THE PROCEEDINGS TO
RECOVERANYSUCH LOSS,DAMAGES OR COSTS SHALL NOT BE COMMENCED AFTER THE
EXPIRATION OF ________ FROM THE DATE OF THE ALLOMENT:i.
1 YEARii.
1.5 YEARiii.
2 YEARSiv.
2.5 YEARS89. WHERE A COMPANY ISSUES ANY INVITATION TO THE PUBLIC TO SUBCRIBE
FOR ITS SHARESOROTHER SECURITIES;THE PERIOD OF REPAYMENT OF UNACCEPTED OR
UNSUCCESSFULAPPLICATION WITHIN:15 DAYSI.
25 DAYSII.
10 DAYSIII.
25 DAYSIV.
20 DAYS90. IF REFUNDED OF RUPEES FOR THE APPLICATION AND SUBCRIPTION OF
SHARES IS NOT MADEWITHIN 10 DAYS,THE DIRECTORS OF THE COMPANY SHALL BE
JOINTLY AND SEVERALLY LIABLE TO _______________ SURCHARGE FOR EVERY MONTH
OR PART THEREFO FROM THE EXPIRATION OFTHE FIFTEETH DAY:
I.
1.5 %II.
2.5 %III.
3.5 %IV.
0.5 %91. THE FINE ABOVE,IN ADDITIONAL FINE NOT EXCEEDING ____________:I.
3000II.
2000III.
5000IV.

250092. IN CASE OF FURTHER OR CONTINUOUS OFFENCE TO A FURTHER FINE NOT

EXCEEDING __________ FOR EVERY DAY AFTER THE SAID FIFTEETH DAY ON WHICHTHE
DEFAULTCONTINUES.I.
500II.
300III.
200IV.
10093. EVERY COMPANY WITH _________ DAYS AFTER THE ALLOTMENT OF ITS SHARES,
DEBENTURES ORDEBENTURE STOCK AND WITHIN _________ DAYS AFTER THE
APPLICATION FOR THE REGISTER OF THETRANSFER OF SHARES, DEBENTURES OR
DEBENTURE STOCK, COMPLETE AND HAVE READY FORDELIVERY ALL SHARES, THE
DEBENTURES AND CERTIFICATE OF ALL DEBENTURES STOCK ALLOTED
ORTRANSFERRED:I.
30 AND 15 DAYSII.
25 AND 50 DAYSIII.
90 AND 45 DAYSIV.
60 AND 30 DAYS94. IF DEFAULT IS MADE IN COMPLYING WITH REQUIREMENT OF ABOVE
SECTION; THE COMPANY ANDEVERY OFFICER OF THE COMPANY WHO IS KNOWINGLY A
PART TO DEFAULT SHALL BE LIABLE TO A FINENOT EXCEEDING ___________ FOR EVERY
DAY DURING WHICH DEFAULT CONTINUES:I.
500II.
200III.
100IV.
NONE95. A DUBLICATE OF CERTIFICATE OF SHARES, DEBENTURES OR DEBENTURES
ISSUED SHALL BE ISSUEDBY THE COMPANY WITH _________ FROM THE DATE OF
APPLICATION IF THE ORIGINAL ____________:I.
50 DAYSII.
45 DAYSIII.
35 DAYSIV.
25 DAYS
96. IF THE COMPANY FOR ANY REASONABLE CAUSE IS UNABLE TO ISSUE DUPLICATE
CERTIFICATE, ITSHALL NOTIFY THIS FACT, ALONGWITH THE REASONS WITHIN _________
FROM THE DATE OFAPPLICATION, TO THE APLLICANT:I.

35 DAYSII.
30 DAYSIII.
25 DAYSIV.
20 DAYS97. IF ANY DEFAULT IS MADE IN COMPLYING WITH REQUIREMENTS OF THIS
SECTION, THE COMPANYAND EVERY OFFICER OF THE COMPANY WHO IS KNOWINGLY A
PART TO THE DEFAULT SHALL BE LIABLETO FINE NOT EXCEEDING:I.
1000II.
1500III.
200IV.
50098. IF A COMPANY WITH INTENT TO DEFRAUD,RENEWS A CERTIFICATE, THE COMPANY
SHALL BEPUNISHABLE WITH FINE WHICH MAY EXTEND TO:I.
10,000II.
15,000III.
20,000IV.
25,000100. THE SENERIO ABOVE AND EVERY OFFICER OF THE COMPANY WHO IS IN
DEFAULT SHALL BRPUNISHABLE WITH IMPRISONMENT FOR TERM WHICH MAY EXTEND
TO:I.
1 YEARII.
6 MONTHSIII.
2 YEARSIV.
5 YEARS101. THE PUNISHMENT MADE ABOVE THE OFFICER OF COMPANY IN CASE OF
DEFAULT/DEFRAUD TOISSUE OR ISSUE A DUPLICATE THEREOF THE FINE WHICH MAY
EXTEND TO 10 THOUSAND AND OR _________ OR BOTH:I.
PUNISMENTII.
IMPRISONMENTIII.
DEPORTIV.
NONE102. THE TRANSFER OF SHARES IS REGISTERED AND SHARES CERTIFICATE DULY
TRANSFERRED IN THEFAVOUR OF THE TRANFREE IS ISSUED WITHIN:
I.
40 DAYSII.

35 DAYSIII.
30 DAYSIV.
50 DAYS103. TRANSFER DEED DULY EXECUTED AND SIGNED BY THE TRANDFEROR AND
TRANSFEREE AND DULYWITNESSED ON THEIR BEHALF ARE DELIVERED ALONG WITH
SHARE CERTIFICATES AT:I.
REGISTRAR OFFICEII.
SECPIII.
AT REGISTERED OFFICE OF COMPANYIV.
NONE OF THE ABOVE104. THE DELIVERY FEE FOR TRANSFER OF SHARE AND DEBENTURE
CERTIFICATE BY:I.
COMPANYII.
TRANSFERORIII.
TRANSFEREEIV.
REGISTRAR105. TRANSFER DEEDS ARE ACCEPTED AND TRANSFER IS RECORDED AT THE
BACK OF THE SHARES-CERTIFICATE IN THE MEMORANDUM OF TRANSFER COLUMN AND
ENTERED INTO THE REGISTER OF THE:I.
EMPLOYEES OF THE COMPANYII.
DIRECTORS OF THE COMPANYIII.
OFFICERS OF THE COMPANYIV.
MEMBERS OF THE COMPANY106. COMPANY SHALL NOT REGISTER A TRANSFER OF
SHARES OR DEBENTURES UNLESS PROPERINSTRUMENT OF TRANSFER DULY:I.
WRITTEN & WITTNESSEDII.
STAMPEDIII.
REGISTEREDIV.
NONE107. IN CASE OF A PUBLIC COMPANY, A FINANCIAL INSTITUTION DULY APPROVED
BY THE _______ MAYBE APPOINTED AS THE TRANSFER AGENT ON BEHALF OF THE
COMPANY:I.
REGISTRARII.
DIRECTORSIII.

COMMISSIONIV.
MEMBERS108. IF THE COMPANY MAKES DEFAULT IN COMPLYING WITH ANY OF THE
PROVISIONS OF TRANSFEROF SHARES AND DEBENTURES IT SHALL LIABLE TO A FINE
NOT EXCEEDING:I.
1000II.
2000
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good work
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mcqs
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Aoa, are articles of association not OPTIONAL? as u have mentioned MANDATORY in the 1st McQ ?
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