COMPANY SECRETARY MCQ

Meaning :- A Company Secretary is the senior position in any public or private organization, placed at the top most level of the organization’s hierarchy i.e. at Management level. The company secretary is responsible for regulating and efficiently managing the financial, legal and statutory requirements.

1. On incorporation of a company, the Registrar of Companies in addition to the Certificate of Incorporation, issues a unique identification number called –
a. Unique corporate number
b. Corporate identification number
c. Company identification number
dUnique identification number
Ans: b

2. An Indian public company holds 80% of the paid-up share capital of a company incorporated at a place outside India. Is the annual statement of the latter company required to be attached to the annual statement of the former company pursuant to Section 212 –
a. No, as it is foreign company.
b. No. as the format of the annual accounting statement is not as per Schedule VI of the Companies Act, 1956.
c. Yes
Ans: c

3. A company in which 50.25% of shares are held by one State Government while the rest of the shares are held by private sector companies and by retail shareholders i.e., members of public, is a –
a. Government company
b. Public company
c. Corporation
d. Private sector company
Ans: b

4. The Central Government may exempt any class of companies from complying with the provisions of Schedule VI of the Companies Act, 1956, if it is necessary to grant such exemption in the –
a. National interest
b. Public interest
c. Social interest
d. Company’ interest
Ans: b

5. Global Ltd. has the paid-up equity capital structure – Central Government:
38%; State Government: 10%; Subsidiary of a Government Company:
17.50%; and retail shareholders remaining shares. Which of the following classes of companies would it belong to –
a. Government company
b. Non-government company
c. Deemed public company
d. Deemed private company
Ans: a

6. Contracts made after incorporation of a public company, but before issue of the certificate of commencement of business are –
a. Provisional contracts
b. Post-incorporation contracts
c. Preliminary contracts
d. Contracts in the normal course of business.
Ans: a

7. The applicant for the availability of name of the proposed company can have option to give maximum –
a. 3 Alternative names
b. 4 Alternative names
c. 5 Alternative names
d. 6 Alternative names
Ans: d

8. Which one of the following sections of the Act specifies that the provision of the Companies Act, 1956 override the provisions in the memorandum of association –
a. Section 2
b. Section 4
c. Section 9
d. Section 13
Ans: c

9. The rights attached to the shares of any class may be varied with the consent in writing of the holders of the issued shares of that class having not less than –
a. 1/3 of the shareholding
b. ½ of the shareholding
c. ¾ of the shareholding
d. 2/3 of the shareholding
Ans: c

10. Where title in shares of a company is in dispute, the matter has to be resolved by –
a. Court
b. Arbitrator
c. Company Law Board
d. Central Government
Ans: a

Co-operative Society MCQs

Join Our Telegram Channel For More Updates.