1st Year Principles of Commerce Chapter 7 TestJoint Stock Company-III

Q1. Multiple choice questions (Attempt all · 10 × 1 = 10)

1. To whom does the directors of a company submit the copy of profit account:

   1. Company’s registrar

   2. Company’s auditor

   3. Company’s creditor

   4. None of the above

2. Whose signature is important on statutory report of the company:

   1. Shareholders

   2. Promoters

   3. Directors

   4. Auditors

3. People who run the management of a joint stock company are:

   1. Shareholders

   2. Promoters

   3. Board of directors

   4. All the above

4. A statutory meeting is called after getting the certificate of commencement:

   1. After 3 months

   2. After 6 months

   3. After 3 months and before 6 months

   4. Within a year

5. An ordinary resolution is passed for:

   1. winding up of company

   2. Section of statutory company

   3. Not announcing the dividend

   4. All of them

6. After the formation of company the first meeting of shareholder is called:

   1. Statutory meeting

   2. Annual general meeting

   3. Extra ordinary meeting

   4.  None of the above

7. What is the time duration in which a public company is bound to call a statutory meeting after getting certificate of incorporation:

   1. 6 months

   2. 9 months

   3. 12 months

   4. 16 months

8. The minimum premium of directors in a multi members private limited company:

   1. Five

   2. Seven

   3. Two

   4. Not fixed

9. What is not necessary for a private company?

   1. Statutory meeting

   2. Statutory report

   3. Both

   4. None of the above

10. The notice of special resolution must be given to the members:

    1. 21 days before

    2. 37 days before

    3. 33 days before

    4. 14 days before