MCQs on Incorporation// MCQs on Company Law

MCQs on Incorporation

1. Sapan and Sanjay made a name reservation application accompanied by requisite fee to the Registrar for forming a new private company. The Registrar accorded its approval for reservation of most preferred name Sapanjay Softwares Private Ltd. on 6 th July, 2018. In how many days, necessary documents for incorporation of the company must be submitted to the Registrar so that the reserved name does not get lapsed. 

a) Within 10 days from the date of approval 

b) Within 20 days from the date of approval 

c) Within 45 days from the date of approval 

d) Within 60 days from the date of approval. 

2. Ramesh and Mahesh incorporated a company RM Pvt. Ltd. application was made and the Registrar issued the certificate of incorporation on 15th Jan 2018. By when should RM Pvt. Ltd. have a registered office? 

a) 14th Feb 2018 

b) 15th Feb 2018 

c) 30th Jan 2018 

d) 31st Jan 2018 

3. Every company must have a registered office and must send a verification of such office with the Registrar within 

a) Within 15 days of incorporation 

b) Within 15 days of acquiring such office 

c) Within 30 days of incorporation 

d) Within 30 days of acquiring such office 

4. For application of name by RUN ___________ name(s) can be given in order of preference: 

a) One 

b) Two 

c) Six 

d) Three 

5. The total period of resubmission under SPICe shall not exceed 

a) 15 days 

b) 30 days 

c) 12 days 

d) 60 days

6. At the time of incorporation the company has to give a declaration that it has fulfilled the requirements of the Act relating to incorporation. Such declaration shall be filed by persons named in the articles as: 

a) Director or manager or secretary 

b) Director, manager and secretary 

c) Director or manager or secretary or promoter 

d) Director, manager, promoter and secretary 

7. An application for reservation of name under RUN, once reserved shall be available for: 

a) 20 days in case of a new company and 60 in case of existing company 

b) 60 days in case of new company and 20 days in case of an old company 

c) 20 days in case of new company and 30 days in case of an old company 

d) 30 days in case of new company and 60 days in case of an old company 

8. If an application is made under RUN and the name is not available the form can be resubmitted 

a) Once 

b) Twice 

c) Thrice 

d) Cannot be resubmitted. 

9. If the company has a common seal the authorization shall be made by affixing the common seal. However if the company has no common seal any authorization shall be made by: 

a) Two directors 

b) Two directors or one director and the company secretary where the company has appointed one 

c) Two directors and the company secretary where the company has appointed one 

d) Two directors or one director and the company secretary whether appointed or not. 

10. X ltd. holds the entire share capital of Yltd. On such holding 

a) Y ltd loses its corporate character 

b) Y ltd shall be known as X ltd. 

c) Y ltd does not lose its corporate character. 

d) X ltd and Y ltd become one single company 

11. Amar made an application, his wife Abhilasha being other proposed subscriber and got reserved a name for incorporation of a private limited company but the Registrar of Companies, Delhi and Haryana, much before the incorporation, found that the name was applied by furnishing wrong information. 

a) The reserved name shall be cancelled by the ROC because the name was applied by furnishing wrong information and Amar who made the application shall be liable to a penalty up to Rs. one lac. 

b) The reserved name, after seeking explanation from Amar and after he pays a penalty of Rs. one lac shall be allotted by the ROC and the company shall be incorporated by this name. 

c) The reserved name shall be cancelled by the ROC but Amar shall not be liable to pay any penalty because cancellation of name in itself is a penalty. 

d) Besides cancellation of the reserved name Amar and Abhilasha shall be debarred from making an application for reservation of name for one year from the date on which cancellation letter was issued by the ROC. 

12. Sukant and Sukriti, architects by profession and residents of Janakpuri, Delhi, have formed a company by the name Suk Architects and Consultants Private Limited, whose registered office is situated in a somewhat less inhibited market area of Gurugram, Haryana. They do not consider it to be a safe place. Therefore, to be on safer side they have kept all the documents and information relating to incorporation of their company (that were originally filed with Registrar for registration of Company) at Sukant’s residence. Is their action justified? 

a) It is their prerogative to keep all the documents and information relating to incorporation of their company at a place which they think is quite safe – even if it is Janakpuri, Delhi. 

b) Considering registered office to be unsafe, they can keep all the documents and information relating to incorporation of their company at any place in Haryana only where Gurugram is situated but for this purpose they must seek permission of the ROC. 

c) If they do not want to seek permission of ROC, considering registered office to be unsafe, they can keep all the documents and information relating to incorporation of their company at any place which should be within t hree kms. of their registered office but in Gurugram only. 

d) They have to keep all the documents and information relating to incorporation of their company at the registered office, only.