Cma final Law Practice Set 2

📘 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 subsidiary of ABC Ltd.
• Depends on Board of ABC Ltd.
• Depends on Board of XYZ Ltd.

Q15. A guarantee company is similar to:

• Unlimited company
• LLP
• Partnership
• Sole proprietorship

Q16. Once a company is converted into LLP, intimation to ROC has to been made within:

• 10 days
• 15 days
• 20 days
• 25 days

Q17. Which chapter of the Companies Act, 2013, deals with foreign companies?

• XX
• XXI
• XXII
• XXIII

Q18. In case of secured debentures of public issue, the security is created in favour of:

• Public
• SEBI
• Merchant banker
• Debenture trustee

Q19. Fully convertible debenture is a:

• Debt instrument
• Equity instrument
• Hybrid instrument
• None of the above

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

Correct: 0 | Wrong: 0