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📘 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:

• May be revoked
• Cannot be revoked
• May be reduced
• Payment can be delayed

Q25. IEPF stands for:

• Investor Employment and Protection Fund
• Investor Education and Publicity Fund
• Investor Entrepreneurship and Protection
• Investor Education and Protection Fund

Correct: 0 | Wrong: 0