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12th Commerce Monthly Test - 1 ( Companies Act 2013 )

St. Britto Hr. Sec. School - Madurai

12th Commerce Monthly Test - 1 ( Companies Act 2013 )-Aug 2020

Time : 2.30 Hours

Part - A

Multiple Choice Question - Answer All Question

The shares which are offered first to the existing shareholder at reduced price is known as ______

Bonus Share
Equity Share
Right Share
Preference Share

The ___________ is the charter of a company.

Memorandum of Association
Articles of Association
Both 'a' and 'b'
None of the above

If minimum subscription is not received application money should be refunded with in _____________ days.

20
25
30
10

For which type of capital a company pays the prescribed fees at the time of registration?

Subscribed Capital
Authorised Capital
Paid-up Capital
Issued Capital

_____________ is normally decided at the time of subscription.

Fully convertible debentures
Optionally convertible debentures
Non convertible debentures
Partly convertible debenture

______________ is created form fully paid shares by passing an ordinary resolution the general meeting.

Stock
Shares
Debentures
Preference shares

The address of the registered office of the company must be notified to the registrar within ___________ days of registration, if it is not done at the time of incorporation.

15
30
60
45

Who can issue stock?

Public
Private
One Person
Small

List I List II

i) Issue of shares at par 1) Except sweat equity share

ii) Issue of shares at premium 2) Reserves and surplus

iii) Issue of securities at discount 3) Write off preliminary expenses

iv) Bouns shares 4) No legal restrictions

(i) (ii) (iii) (iv)

1 2 3 4
(i) (ii) (iii) (iv)

2 3 1 4
(i) (ii) (iii) (iv)

3 4 2 1
(i) (ii) (iii) (iv)

4 3 1 2

The Company will have to issue the notice of situation of Registered Office to the Registrar of Companies within ______ days from the date of incorporation.

14 days
21 days
30 days
60 days

The address of the registered office of the company must be notified to the registrar within ________ days of registration if it is not done at the time of incorporation.

15
30
60
45

Specify the document which comes under the Negotiable Instrument Act.

Share Certificate
Share
Share Warrant
Stock

For example par value is Rs.10 and it is issued at Rs.I5 then Rs. 5 is the _________ amount.

profit
dividend
market value
premium

If minimum subscription is not received application money should be refunded with in ___________ days.

20
25
30
10

Minimum subscription should be received with in ____________ days.

130
125
120
150

How does a person who envisages the idea to form a company called?

Director
Company Secretary
Registar
Promoter

The second most important document which is required at the time of registration is

Memorandum of Association
Prospectus
Articles of Association
None of these

Minimum number of members required to apply for incorporation certificate in a Public Ltd company is

3
2
7
50

The articles of association needs to be signed by

all proposed directors
registrar
subscribers of memorandum
none of the above

The ___________ is the charter of a company.

Memorandum of Association
Articles of Association
Both 'a' and 'b'
None ofthe above

Part - B

Generic 2 - Answer All Question

Definition of Body corporate.

Define Share Warrant.

What is Bonus Shares?

What is Sweat Equity Shares?
What is Share?

Definition of Body corporate.
What do you mean by Equity Share?

Who is called as Promoters?

What is Private placement?

What is share certificate?

Part - C

Generic 3 - Answer All Question

Write a short notes on

(i) Issue of shares at par

(ii) Issue of securities at discount

Write a short note on
(i) Issue of shares at par
(ii) Issue of securities at discount

Distinguish between shares and stocks.

State condition stipulated for capital subscription at the time of promotion.

What is issue of shares at discount? What conditions should be fulfilled?

What do you understand by Issue of Securities at Premium?

What are the objectives of the companies law?

Explain different Kinds of Preference shares.
What are the objectives of the companies law?

Part - D

Generic 5 - Answer All Question

What are the various kinds of Debentures?

Briefly explain the Evolution and History of Company Law in India.

What are the features of Debentures?

Write the difference between Debentures and Shares.

What formalities need to be fulfilled for a companies having share capital to commence business?

Brief different stages in Formation of a Company

Briefly explain the Evolution and History of company Law in India.

Write the difference between Share Certificate and Share Warrant.

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