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MCQ 11 Mark
Letter of renunciation is related to
  • A
    Share forfeiture
  • B
    Resignation of promoters
  • Rights share
  • D
    Refund of share application money
Answer
Correct option: C.
Rights share
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MCQ 21 Mark
What is returning of share certificates to the company by shareholder called ?
  • A
    Buy back of shares
  • Share surrender
  • C
    Share split
  • D
    Offer for sale
Answer
Correct option: B.
Share surrender
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MCQ 31 Mark
Right share means
  • A
    Shares to be alloted to employees
  • B
    Shares to be alloted to promoters
  • Shares to be alloted to existing shareholders
  • D
    Shares without consideration
Answer
Correct option: C.
Shares to be alloted to existing shareholders
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MCQ 41 Mark
How is share application done in recent time?
  • A
    By making application to SEBI
  • B
    By depositing application and cheque
  • By filling ASBA form and getting share application money blocked in the bank account of applicant.
  • D
    By making application to Registrar of Companies.
Answer
Correct option: C.
By filling ASBA form and getting share application money blocked in the bank account of applicant.
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MCQ 51 Mark
Minimum gap between two instalments should be
  • $1$ month
  • B
    $2$ months
  • C
    $3$ months
  • D
    $4$ months.
Answer
Correct option: A.
$1$ month
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MCQ 61 Mark
Due to forfeiture of shares $...............$
  • A
    The company refunds the amount paid by the shareholder.
  • The company does not refund the amount paid by the shareholder.
  • C
    Paid up share capital does not change.
  • D
    Authorised share capital reduces.
Answer
Correct option: B.
The company does not refund the amount paid by the shareholder.
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MCQ 71 Mark
Which allotment of share is void from the very beginning ?
  • A
    Irregular
  • Illegal
  • C
    Before public issue
  • D
    Private placement
Answer
Correct option: B.
Illegal
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MCQ 81 Mark
By which document can an invitation be made for public issue?
  • Memorandum of Association
  • B
    Prospectus
  • C
    Articles of Association
  • D
    Certificate of incorporation
Answer
Correct option: A.
Memorandum of Association
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MCQ 91 Mark
Which acts are required to be followed by a company, for issue of shares and other securities, in India?
  • A
    Securities Contract Regulation Act 1956
  • B
    Companies Act 2013
  • C
    SEBI Act, 1992
  • All of these
Answer
Correct option: D.
All of these
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MCQ 101 Mark
What is the minimum percentage of applications for shares issued for minimum subscription?
  • A
    80%
  • B
    85%
  • 90%
  • D
    95%.
Answer
Correct option: C.
90%
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MCQ 111 Mark
How many days are the shares confiscated if the members do not pay the installment amount despite sending the warning letter?
  • A
    10
  • B
    12
  • 14
  • D
    20
Answer
Correct option: C.
14
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MCQ 121 Mark
Whom do directors have to be present at the time of share distribution?
  • A
    Shareholder
  • B
    Applicant
  • C
    Secretary
  • Representative of the stock market.
Answer
Correct option: D.
Representative of the stock market.
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MCQ 131 Mark
At least what percentage of the face value of the issued shares should be demanded with the share application?
  • 5%
  • B
    10%
  • C
    15%
  • D
    20%.
Answer
Correct option: A.
5%
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MCQ 141 Mark
Which provisional form is prepared till the membership form is prepared?
  • A
    Secretary Form.
  • Share Application and Distribution Form.
  • C
    Bank Form.
  • D
    Application Form.
Answer
Correct option: B.
Share Application and Distribution Form.
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MCQ 151 Mark
If the founders have bought shares in the public offering, they will not be able to sell the shares till the time fixed by SEBI. What is it called?
  • Lock-in-perio
  • B
    Lock-out-perio
  • C
    Minimum perio
  • D
    Maximum perio
Answer
Correct option: A.
Lock-in-perio
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MCQ 161 Mark
How many days before the closure of member form and transfer form is given notice in the newspaper?
  • A
    4
  • B
    5
  • C
    6
  • 7
Answer
Correct option: D.
7
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MCQ 171 Mark
It is necessary for the shares or securities of the company to be bought and sold in the recognized stock market .....
  • A
    Share Distribution
  • B
    Share Approval
  • C
    Share Application
  • Share Registration.
Answer
Correct option: D.
Share Registration.
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MCQ 181 Mark
Where is the share installment provided?
  • Articles of Association.
  • B
    Memorandum of Association.
  • C
    Register of the company.
  • D
    In the account book of the company.
Answer
Correct option: A.
Articles of Association.
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MCQ 191 Mark
How many days in advance should the statement in lieu of prospectus be registered with the Registrar of Companies?
  • A
    15 days
  • B
    12 days
  • 7 days
  • D
    3 days.
Answer
Correct option: C.
7 days
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MCQ 201 Mark
When does the company return the total amount received in payment?
  • A
    When a company is listed on the stock exchange.
  • B
    When subscription is floode
  • When the amount equal to the minimum subscription is not receive
  • D
    When shares are issued with premium.
Answer
Correct option: C.
When the amount equal to the minimum subscription is not receive
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MCQ 211 Mark
How many months will the membership be canceled if the directors do not pay the installment amount on the shares within the stipulated time?
  • A
    1 month
  • B
     ૩ Month
  • 6 months
  • D
    12 months.
Answer
Correct option: C.
6 months
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MCQ 221 Mark
Whose personal responsibility arises in irregular share distribution?
  • A
    Company Secretary
  • Director's
  • C
    General Manager
  • D
    Shareholder.
Answer
Correct option: B.
Director's
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MCQ 231 Mark
If the minimum subscription amount is not paid within 120 days, in how many days will the money have to be returned for the applications received?
  • A
    5 days
  • B
    15 days
  • 10 days
  • D
    30 days.
Answer
Correct option: C.
10 days
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MCQ 241 Mark
How many days before the opening of the stock list can not be stopped?
  • A
    2 days
  • B
    3 days
  • C
    4 days
  • 5 days.
Answer
Correct option: D.
5 days.
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MCQ 251 Mark
Renunciation of share is associated with$.......?$
  • A
    Share Forfeiture
  • B
    Resignation of Founders
  • Right Shares
  • D
    To Return Application money.
Answer
Correct option: C.
Right Shares
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MCQ 261 Mark
Within how many days after receiving last warning later, shareholders urged to pay installment money with interest?
  • A
    5 days
  • B
    10 days
  • 14 days
  • D
    21 days.
Answer
Correct option: C.
14 days
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MCQ 271 Mark
How many days from the date of receipt of the installment, does the share holder pay the amount to the bank?
  • A
    7
  • 14
  • C
    21
  • D
    30
Answer
Correct option: B.
14
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MCQ 281 Mark
What does it mean for a shareholder to return his share certificate to the company?
  • A
    Re-purchase of shares.
  • Share Surrender.
  • C
    Dividend of shares.
  • D
    Proposal for sale.
Answer
Correct option: B.
Share Surrender.
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MCQ 291 Mark
The share of rights means$.................$
  • A
    Shares distributed to employees.
  • B
    Shares to be sold to the founder.
  • Shares distributed to existing shareholders.
  • D
    are without compensation.
Answer
Correct option: C.
Shares distributed to existing shareholders.
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MCQ 301 Mark
How is the share applied in the present circumstances?
  • A
    By applying to SEBI.
  • B
    By giving application form and check.
  • By blocking the amount of share application in the account of the applicant and by filling up his ASBA form.
  • D
    By sending a share application to the company register.
Answer
Correct option: C.
By blocking the amount of share application in the account of the applicant and by filling up his ASBA form.
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MCQ 311 Mark
Due to share forfeiture$...............$
  • A
    The company returns the shareholder amount.
  • The company does not return the amount paid to the shareholder.
  • C
    There is no change in the paid up share capital.
  • D
    Decrease in official share capital.
Answer
Correct option: B.
The company does not return the amount paid to the shareholder.
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MCQ 321 Mark
What kind of share distribution is void from the beginning?
  • A
    Irregular
  • Illegal
  • C
    Pre-Public Payment
  • D
    Private Basis.
Answer
Correct option: B.
Illegal
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MCQ 331 Mark
Which law is required to be enforced by a company for payment of shares and other securities in India?
  • A
    Securities Contract Regulation Act-1956.
  • B
    Company Act-2013.
  • C
    SEBI Act-1992.
  • All this.
Answer
Correct option: D.
All this.
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MCQ 341 Mark
How many days have the equity dividend paid by the company?
  • A
    Seven
  • B
    Fourteen
  • C
    Twenty one
  • Thirty.
Answer
Correct option: D.
Thirty.
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MCQ 361 Mark
What does the company pay out of profits received at the end of the year?
  • A
    Interest
  • B
    Profit
  • Tax
  • D
    Dividen
Answer
Correct option: C.
Tax
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MCQ 371 Mark
What is the engagement associated with it?
  • A
    Share Forfeiture.
  • B
    Promoter's Resignation.
  • Right shares.
  • D
    To refund the application money.
Answer
Correct option: C.
Right shares.
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MCQ 391 Mark
How long can one apply for cancellation of shareholding after the first official meeting?
  • A
    One month
  • Two months
  • C
    Three months
  • D
    15 days.
Answer
Correct option: B.
Two months
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MCQ 411 Mark
What is the minimum percentage of the philosophical value of the shares given to be shared with the share application?
  • A
    1%
  • B
    3%
  • 5%
  • D
    10%.
Answer
Correct option: C.
5%
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MCQ 421 Mark
Which of the following is the share work formation prepared?
  • A
    Shareholders.
  • B
    Company.
  • Computer Software.
  • D
    Directors.
Answer
Correct option: C.
Computer Software.
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MCQ 431 Mark
Can the company not share shares if fewer than few applications are received?
  • A
    $50\%$
  • B
    $60\%$
  • C
    $70\%$
  • $90\%.$
Answer
Correct option: D.
$90\%.$
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MCQ 441 Mark
$...............$is prepared after receiving share application?
  • Statement
  • B
    Application
  • C
    Certificate
  • D
    None of these.
Answer
Correct option: A.
Statement
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MCQ 451 Mark
In the public recruitment, at least a few percent of the shares issued for retail investors are reserved?
  • A
    5%
  • 10%
  • C
    15%
  • D
    12%.
Answer
Correct option: B.
10%
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MCQ 461 Mark
$......$ Share is deposited in the applicant's demat account?
  • A
    Company
  • B
    Secretary
  • Depository
  • D
    Lead Manager.
Answer
Correct option: C.
Depository
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MCQ 481 Mark
When was SEBI's latest guideline has been issued?
  • A
     1-1-2014
  • B
     1-1-2015
  • 1-1-2016
  • D
    1-1-2017.
Answer
Correct option: C.
1-1-2016
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MCQ 491 Mark
Is it necessary to get permission for advertisement for public payment..........?
  • A
    Company Act -1956.
  • B
    Company Act -2013.
  • C
    Board of Directors.
  • SEBI.
Answer
Correct option: D.
SEBI.
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MCQ 501 Mark
Where are the documents invited for public recourse?
  • A
    Memorandum of Association.
  • Prospectus.
  • C
    Article of Association.
  • D
    Certificate of Registration.
Answer
Correct option: B.
Prospectus.
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MCQ - SPCC STD 12 Commerce Questions - Vidyadip