MY SUCCESS 26

TCC Quiz Template Corporate Law Quiz (TCC-Quiz) Q31. In normal course, the Board’s Report is signed by… A) Company Secretary B) Managing Director C) Chairman with Authority of Board D) CFO Correct: Chairman with Authority of Board. The Board’s Report is signed by the Chairman with proper authority. Q32. CAG stands for… A) Comptroller of Auditor General B) Controller of Accounts General C) Central Audit Group D) Corporate Audit Governance Correct: Comptroller of Auditor General. CAG is India’s supreme audit institution. Q33. The Financial statements are to be filed with the Registrar within… A) 15 days of AGM B) 30 days of AGM C) 45 days of AGM D) 60 days of AGM Correct: 30 days of AGM. Companies Act mandates filing within 30 days. Q34. In case of private company, inte...

TCC Quiz Template Corporate Law Quiz (TCC-Quiz) Q26. Once declared, the amount of dividend shall be transferred to Special Dividend A/c within… A) 3 days B) 5 days C) 7 days D) 10 days Correct: 5 days. As per Companies Act, dividends must be transferred within 5 days. Q27. A practicing Chartered Accountant may be appointed as Auditor for a term of… A) 3 years B) 4 years C) 5 years D) 6 years Correct: 5 years. Statutory limit is 5 years, subject to rotation rules. Q28. Directors Responsibility Statement is a part of… A) Annual Return B) Board Report C) Audit Report D) CSR Report Correct: Board Report. It ensures accountability of directors. Q29. NFRA stands for… A) National Finance Regulatory Authority B) National Financial Reporting Authority ...

📘 TCC Mock Test – Companies Act & Corporate Law (Q20–Q25) Q20. Register of deposit: Is voluntary Is mandatory but particulars may vary Is mandatory with particulars as per Rules Not to be maintained at all Q21. A debenture trustee can be: Any bank Any NBFC Any merchant banker Any entity registered with SEBI as such Q22. “Loan” in parlance to Companies Act, means: Short term loan for revenue purpose Long term loans Cash credit Working capital Q23. In case of deposits by the company: No brokerage can be given Any amount of brokerage can be given Rate of brokerage shall be as per RBI Regulations Rate of brokerage shall be as per SEBI Regulations Q24. Once declared in AGM, dividend: ...

📘 TCC Mock Test – Companies Act & Corporate Law Q11. Change of registered office within a city, town or village requires: Special Resolution Board Resolution Approval of CG None of the above Q12. Section 8 companies cannot: Generate surplus Make profit Distribute dividend Profit is to given to Govt. Q13. ABC Ltd. is registered in India with 100% shares being held by KYZ Ltd., a company registered in UK having no business in India. ABC Ltd. is a: An Indian Company Foreign company Wholly owned subsidiary of a foreign company but Indian Company Does not come under definition of foreign company Q14. ABC Ltd. has 35% shares in XYZ Ltd. The majority of directors of XYZ Ltd. are appointed and removed by ABC Ltd. XYZ Ltd. is: Subsidiary of ABC Ltd. Not a subsidia...

Company Law MCQ Quiz with Click-to-Reveal Answers | Teal Coral Clean (TCC-Quiz) TCC Company Law MCQ Quiz — Interactive (Click an answer) Teal Coral Clean theme (TCC-Quiz). Click any option to reveal the correct answer and explanation. Instructions: Click an option for each question. The selected option will show whether it's correct and display a concise explanation. Questions: 10 Style: TCC Quiz Template Q1 How many minimum members are required to form a public limited company? A 3 B 4 C 6 D 7 Answer: D — 7 Explanation: Under company law, a public limited company requires a minimum of seven members (subscribers/shareholders) at the time of incorpo...

Funds Flow & Cash Flow Quiz Q21–Q30 TC Funds Flow & Cash Flow Quiz Q21–Q30 Click any option to reveal the correct answer and a short explanation Questions Q21. Cash flow statement is based upon ______ while Funds Flow Statement recognizes ______. A. Cash basis of accounting, accrual basis of accounting B. Accrual basis of accounting, cash basis of accounting C. Both are based on cash basis of accounting D. None of the above Answer: Cash basis of accounting, accrual basis of accounting Solution: Cash flow statements report actual cash receipts and payments (cash basis). Funds flow statements focus on changes in working capital and financing sources, reflecting accrual-based movements between balance sheets. ...