Practice Commercial Laws Questions and Answers

• What is the quorum required for a Board of Directors meeting according to Companies Act, 2013?
• As per Section 26(9) of Companies Act 2013, what is the amount of fine in case the prospectus is issued in contravention of the section related to matters ...
• Which among the following acts lays down the law relating to payment of a customer's cheque by a banker and the protection available to a banker?
• Avinash Ltd needs approves to raise capital through rights issue to its existing shareholders in the ratio of 1:2. If, the market value of the share is Rs....
• A company bought a new machinery worth Rs.4 lakh by issuing 10% Debentures of value Rs.160 were issued at a premium of 25%. How much amount is credited to ...
• A company paid Rs.15 lakh for a machine imported from Germany. The machine was tested at a cost of Rs.18,000. The company also spent on freight and install...
•   A company foreited certain equity shares. These were re-issued later in the year. The profit on Forfeiture of these shares would be transferred to w...
• A company reported net profit ratio of 5% and RoA of 9% on total assets of Rs.90 Lakh. What will be the Total Asset Turnover Ratio of the company?
• A company purchased 50,000 units of raw material at Rs.2 per unit. At what value will the raw material inventory be recorded in the books of accounts if th...
• ABC Ltd had issued 20,000 debentures with FV of Rs.100 each, redeemable at 5% premium. Debenture holders have an option to convert 20% of redemption value ...
• Which of the following is an example of contract costing?
• The government has recently announced that the minors can also subscribe to the NPS scheme. What is the name of the scheme of NPS for minors?  
• Which of the following actions can SEBI take to regulate capital markets and protect investors? Imposing restrictions on insider trading and unfair trade...
• As per the Companies Act and related Rules, every private company , other than _____, is required to issue securities only in a dematerialised form and fac...
• As per the Companies Act, NCLAT hear appeals against the orders of ________
• As per Companies Act, a company may issue Depository Receipt in a foreign country by passing a ___________?
• The capital that is specified in the Memorandum of association of a company is ___________
• Which of the following is not a characteristic of a private limited company under Companies Act, 2013?
• As per Companies Act, 2013, the maximum tenure of secured Debentures is ____
• As per Companies Act, 2013, if the dividend remains unclaimed, a company should transfer the dividend to Unpaid Dividend Account within 7 days of expiry of...
• As per Section 47 of the Companies Act, 2013, every member of a company limited by shares and holding equity share capital therein, shall have a right to v...
• As per the Companies Act 2013,  a public company having  paid–up share capital of at least _________ shall appoint at least one woman director. ...
• The auditor appointed under section 139 may be removed from his office before the expiry of his term only by a special resolution of the company , after ob...
• As per Companies Act, a public company should hold a minimum of _____ Board meetings in a year.