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FINAL EXAMINATION
Syllabus 2016
Paper 13: CORPORATE LAWS & COMPLIANCE (CLC)
Time Allowed: 3 Hours Full Marks: 100
There are Sections A, B, C and D to be answered subject to instructions given against each.
Section A 20 X 1 =
You are required to answer all the questions. Each question carries 1 mark. 20 Marks
Instructions: Each question is followed by 4 Answer choices and only one is correct. You are required to
select the choice which according to you represents the correct answer.
1.
a. A person who fails to get appointed as a director in a general meeting cannot be appointed as
(i) Additional Director
(ii) Alternate Director
(iii) Independent Director
(iv) Nominee Director
b. The company shall furnish to the Registrar verification of its registered office within a period of
________ of its incorporation in such manner as may be prescribed.
(i) 40 days
(ii) 30 days
(iii) 15 days
(iv) 25 days
c. All monies payable by any member to the company under the memorandum or articles shall
be a debt due from him to_______
(i) company
(ii) member
(iii) Both (i) and (ii)
(iv) None of the above
d. Under Insolvency & Bankruptcy Code, 2016 where extension of time is requested, the
Corporate Resolution process shall be completed within a period of _____________ from the
date of admission of the application to initiate such process.
(i) 60 days
(ii) 90 days
(iii) 180 days
(iv) 240 days
e. Who shall have the custody of records of the Appellate Tribunal?
(i) The Chairperson of the NCLAT
(ii) The Chairperson of IBBI
(iii) The Registrar
(iv) The Chief Justice of the Supreme Court
f. To whom shall the liquidating company notify about the passing of resolution by the members
, ! "
for the liquidation?
(i) Registrar of the Company and Regional Director
(ii) Registrar of the Company and Insolvency and Bankruptcy Board of India (IBBI)
(iii) Registrar of the Company
(iv) Insolvency and Bankruptcy Board of India (IBBI) and Regional Director
g. The deposition of a witness shall be recorded in which Form under the Companies Act, 2013?
(i) Form NCLAT-6
(ii) Form NCLAT-8
(iii) Form NCLAT-7
(iv) Form NCLAT-5
h. The Securities and Exchange Board of India (SEBI) introduced the Institutional Trading Platform
(ITP) in 2015 and renamed it as the ____________________ in December, 2019 for new-age
technology companies and startups.
(i) Start-up Trading Platform (STP)
(ii) High-tech Innovation Platform (HIP)
(iii) Innovators Growth Platform (IGP)
(iv) New Business Platform (NBP)
i. Corporate Governance is a form of ___________ .
(i) external regulation
(ii) government control
(iii) self-regulation
(iv) charitable action
j. Which among the following is correct with respect to Interim Dividend?
(i) It is declared during Annual General Meeting.
(ii) It is recommended by the Directors and approved by the Share Holders.
(iii) An interim dividend is typically one of two dividends given out by a company that is
providing shareholders with income on a semi-annual basis
(iv) Both (ii) and (iii)
k. The ordinary business activities like declaration of dividends, appointment of directors,
acceptance of the financial statements and appointment of auditors requires the consent of
__________ of the shareholders.
(i) 90%
(ii) 75%
(iii) 51%
(iv) no need of acceptance of shareholders for ordinary activity
l. The Directorate of Enforcement was established in the year_______ with its Headquarters at
New Delhi.
(i) 1949
(ii) 1956
(iii) 1967
(iv) 1985
m. The period of one hundred and eighty days beginning from the insolvency commencement date
and ending on one hundred and eightieth day is known as _________ as per Section 5(14) of the
FINAL EXAMINATION
Syllabus 2016
Paper 13: CORPORATE LAWS & COMPLIANCE (CLC)
Time Allowed: 3 Hours Full Marks: 100
There are Sections A, B, C and D to be answered subject to instructions given against each.
Section A 20 X 1 =
You are required to answer all the questions. Each question carries 1 mark. 20 Marks
Instructions: Each question is followed by 4 Answer choices and only one is correct. You are required to
select the choice which according to you represents the correct answer.
1.
a. A person who fails to get appointed as a director in a general meeting cannot be appointed as
(i) Additional Director
(ii) Alternate Director
(iii) Independent Director
(iv) Nominee Director
b. The company shall furnish to the Registrar verification of its registered office within a period of
________ of its incorporation in such manner as may be prescribed.
(i) 40 days
(ii) 30 days
(iii) 15 days
(iv) 25 days
c. All monies payable by any member to the company under the memorandum or articles shall
be a debt due from him to_______
(i) company
(ii) member
(iii) Both (i) and (ii)
(iv) None of the above
d. Under Insolvency & Bankruptcy Code, 2016 where extension of time is requested, the
Corporate Resolution process shall be completed within a period of _____________ from the
date of admission of the application to initiate such process.
(i) 60 days
(ii) 90 days
(iii) 180 days
(iv) 240 days
e. Who shall have the custody of records of the Appellate Tribunal?
(i) The Chairperson of the NCLAT
(ii) The Chairperson of IBBI
(iii) The Registrar
(iv) The Chief Justice of the Supreme Court
f. To whom shall the liquidating company notify about the passing of resolution by the members
, ! "
for the liquidation?
(i) Registrar of the Company and Regional Director
(ii) Registrar of the Company and Insolvency and Bankruptcy Board of India (IBBI)
(iii) Registrar of the Company
(iv) Insolvency and Bankruptcy Board of India (IBBI) and Regional Director
g. The deposition of a witness shall be recorded in which Form under the Companies Act, 2013?
(i) Form NCLAT-6
(ii) Form NCLAT-8
(iii) Form NCLAT-7
(iv) Form NCLAT-5
h. The Securities and Exchange Board of India (SEBI) introduced the Institutional Trading Platform
(ITP) in 2015 and renamed it as the ____________________ in December, 2019 for new-age
technology companies and startups.
(i) Start-up Trading Platform (STP)
(ii) High-tech Innovation Platform (HIP)
(iii) Innovators Growth Platform (IGP)
(iv) New Business Platform (NBP)
i. Corporate Governance is a form of ___________ .
(i) external regulation
(ii) government control
(iii) self-regulation
(iv) charitable action
j. Which among the following is correct with respect to Interim Dividend?
(i) It is declared during Annual General Meeting.
(ii) It is recommended by the Directors and approved by the Share Holders.
(iii) An interim dividend is typically one of two dividends given out by a company that is
providing shareholders with income on a semi-annual basis
(iv) Both (ii) and (iii)
k. The ordinary business activities like declaration of dividends, appointment of directors,
acceptance of the financial statements and appointment of auditors requires the consent of
__________ of the shareholders.
(i) 90%
(ii) 75%
(iii) 51%
(iv) no need of acceptance of shareholders for ordinary activity
l. The Directorate of Enforcement was established in the year_______ with its Headquarters at
New Delhi.
(i) 1949
(ii) 1956
(iii) 1967
(iv) 1985
m. The period of one hundred and eighty days beginning from the insolvency commencement date
and ending on one hundred and eightieth day is known as _________ as per Section 5(14) of the
