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12th Commerce Weekly Test - 3 ( Companies Act 2013 )

St. Britto Hr. Sec. School - Madurai

12th Commerce Weekly Test - 3 ( Companies Act 2013 )-Aug 2020

Time : 1.00 Hours

Part - A

Multiple Choice Question - Answer All Question

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

Director
Company Secretary
Registar
Promoter

The articles of association needs to be signed by

all proposed directors
registrar
subscribers of memorandum
none of the above

_____________ is issued under the common seal of the company acknowledging the receipt of money.

Shares
Stock
Debentures
Preference shares

Specify the type of resolution to be passed to choose the location of Registered Office of the company within the town or village or city.

Ordinary
Special
Either Ordinary or Special
Board

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

Bonus Share
Equity Share
Right Share
Preference Share

A copy of the __________ must accompany each from of application for shares offered to the public.

Memorandum of Association
Prospectus
Articles of association
None of the above

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

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

3
2
7
50

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

The ___________ is the charter of a company.

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

The person who envisages the idea is called a

Promoter
Manager
Director
Member

If the proposed nominal capital is more than Rs. 25 lakhs at the time of incorporation then the company needs to submit ________ along with the application.

statement of capital
certificate of incorporation
certificate of capital
none of these

The Companies Act 2013 Prohibits the issue of shares at__________ to the public.

Premium
Par
Discount
Both at par and Premium

______________ instruments retain the debt character and cannot be converted into equity shares.

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

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

Memorandum of Association
Prospectus
Articles of Association
None of these

The shares which are offered to the existing shareholder at free of cost is known as _______

Bonus Share
Equity Share
Right Share
Preference Share

Par value of shares means the ___________ value of the shares.

Actual
face
market
dividend

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

Stock
Shares
Debentures
Preference shares

The second stage in the formation of the company is

promotion
registration
capital subscription
commencement of business

_____________ is normally decided at the time of subscription.

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

A debenture, in which no specific time is specified by the companies to pay back the money is called an

Registered debentures
Bearer debentures
Irredeemable debentures
None of these

______________ share capital has priority both in repayment of dividend as well as capital.

Equity
Nonpreference
Preference
All of the above

Par value of shares means the ______________ value of the shares.

Actual
face
market
dividend

Who can issue stock?

Public
Private
One Person
Small

The ___________ is the charter of a company.

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

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

Which company shares can be freely transferable?

Private company
Public company
Both 'a' and 'b'
None of these

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

Memorandum of Association
Prospectus
Articles of Association
None of these

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

20
25
30
10

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

Stock
Shares
Debentures
Preference shares

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

A copy of the ______________ must accompany each from of application for shares offered to the public.

Memorandum of Association
Prospectus
Articles of association
None of the above

A debenture, in which no specific time is specified by the companies to pay back the money is called an

Registered debentures
Bearer debentures
Irredeemable debentures
None of these

Minimum subscription should be received within ____________ days.

130
125
120
150

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