Legal Aspects Of Business - Study Mode

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[#131] A private company cannot be converted into a public company by:

(A) Default

(B) Operation of law

(C) Choice

(D) Demand of public

Correct Answer

(D) Demand of public

[#132] As per the Competition Act, 2002, what is the tenure of the chairman of the CCI?

(A) 2 years

(B) 3 years

(C) 4 years

(D) 5 years

Correct Answer

(D) 5 years

[#133] Which of the following are true about an inquiry carried out by an Information Commission? 1. It may examine any record to which the RTI Act, 2005 applies. 2. No such record can be withheld from it (irrespective of any provision of any act passed by the Parliament or the State Legislature). 3. Information commission has the powers of a Civil Court trying a suit under the code of civil procedure. Choose the correct answer

(A) Both 1 and 2

(B) Both 1 and 3

(C) Both 2 and 3

(D) All of the above

Correct Answer

(D) All of the above

[#134] Who elects the board of directors of a public company?

(A) Government

(B) Equity shareholder

(C) Debenture holder

(D) Customer

Correct Answer

(B) Equity shareholder

[#135] A company which acquires all or majority of equity shares of other companies is a:

(A) Subsidiary company

(B) Holding company

(C) Private company

(D) Government company

Correct Answer

(B) Holding company