Legal Aspects Of Business - Study Mode

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[#501] The companies are regulated under

(A) Companies Act, 1956

(B) Companies Act, 1957

(C) Indian Partnership Act, 1932

(D) Companies Act, 2013

Correct Answer

(D) Companies Act, 2013

[#502] Central Chief Information Commissioner (CIC) is appointed by

(A) President

(B) Vice-President

(C) Prime Minister

(D) Home Minister

Correct Answer

(A) President

[#503] Consider the following statements regarding Competition Commission of India (CCI). 1. It is a constitutional body. 2. It has objective of eliminating practices having an adverse effect on competition. Identify the correct statements.

(A) Only 1

(B) Only 2

(C) Both 1 and 2

(D) None of the above

Correct Answer

(B) Only 2

[#504] 'Small shareholder' means a shareholder holding shares of nominal value of not more than twenty thousand rupees or such other sum as may be prescribed. According to section 151 of the Act every listed company may have:

(A) one director elected by such small shareholders

(B) two directors elected by such small shareholders

(C) one director nominated by board of directors

(D) no such directors are required

Correct Answer

(A) one director elected by such small shareholders

[#505] Following are the events which generally happen in the life of a public limited company 1. Public issue of shares (IPO) 2. Firm incorporation 3. Preliminary expenditures 4. Issue of equity shares to promoters of the company Choose the correct sequence (chronological order) of the events from the options given below:

(A) 1, 2, 3, 4

(B) 2, 3, 4, 1

(C) 3, 2, 1, 4

(D) 3, 2, 4, 1

Correct Answer

(D) 3, 2, 4, 1