Practice Section Tests Legal Questions and Answers

• As per Section 149 (1) of the Companies Act 2013, Every company shall have a Board of Directors consisting of individuals as directors and shall have a min...
• According to which rule of interpretation meaning of words should be known from its accompanying or associating words?
• The Law of Contract is not related to which of the following maxims_______________
• Which is that element which makes all contract an agreement but all agreements not a contract?
• Is there any time limit with respect to filing of suit for recovering the possession there of if any person is dispossessed without his consent of immovabl...
• When two or more persons make a joint promise, the promisee may, in the absence of express agreement to the contrary, compel _______________________
• Express offer means________________
• Amit agrees to supply milk daily to Kailash, while Kailash agrees to pay the price of milk every month. Both these are ________________ reciprocal promises...
• Section 56 of the Indian Contract Act is based on which maxim_________________
• A person who finds goods belonging to another, and takes them into his custody, is subject to the _________________
•     A was a teacher in B's school. But due to some disputes, A set up a rival school to that of     B's school with the result that the B was required ...
•   The following statements provide:   I. The incident was of a type that does not generally happen without negligence   II. It was caused by an inst...
• A Private Company can raise funds in how many ways _____________________
• The auditor appointed under section 139 of the Companies Act may be removed from his office before the expiry of his term only by a special resolution of t...
• A company limited by shares may, if so, authorised by its articles, issue preference shares which are liable to be redeemed within a period________________...
• What is the time period within which the mount of the dividend, including interim dividend, shall be deposited in a scheduled bank in a separate account fr...
• Which of the following is incorrect with respect to the information that are required to be incorporated in the Memorandum of Association of a Company?
• Which of the following companies are required to appoint Internal Auditor to conduct internal audit of the functions and activities of the company?
• In case a company defaults in spending the monies in pursuance of its Corporate Social Responsibility Policy than the company shall be liable______________...
• The amount payable on application on every security shall _____________of the security or such other percentage or amount, as may be specified by the Secur...
• What is the time period within which the first meeting of the Board of Directors of a company should be held from the date of its incorporation?
• The quorum for a meeting of the Board of Directors of a company shall be ______________ and the participation of the directors by video conferencing or by ...
• What is the total managerial remuneration payable by a public company, to its directors, including managing director and whole-time director, and its manag...
• In case of compromise or arrangement is proposed between a company and its creditors or any class of them; or between a company and its members or any clas...
• Who has a right to make an application to Tribunal for relief in cases of oppression, etc.?
• The Article of a company may be altered by _____________
• A company proposing to issue a red herring prospectus shall file it with the Registrar __________________to the opening of the subscription list and the of...
• The first Annual General Meeting of the company shall be held ______________
• An executing court can
• Who can be appointed as the President of the NCLT?
• When can an appeal lie to Supreme Court under Section 109 CPC?                       I.        When the High Court certifies t...
• Every agreement of which the object or consideration is unlawful is_____________
• As laid down under the Companies Act every company shall hold the first meeting of the Board of Directors within thirty days of the date of its incorporati...
• Which all companies are required to constitute the Stakeholders Relationship Committee under the Companies Act?
• According to the IBC the liquidator shall communicate his decision of admission or rejection of claims to the creditor and corporate debtor within ________...
• When shall a corporate debtor be deemed to have given a preference as per the provisions of preferential transactions under the IBC?
• A preference shall be deemed to be given at a relevant time under the IBC if it is given to a related party, during the period of_______
• A preference shall be deemed to be given at a relevant time under the IBC a preference is given to a person other than a related party during the period of...
• An application for initiating pre-packaged insolvency resolution process may be made in respect of ___________________ as laid down under the IBC
•   The pre-packaged insolvency resolution process shall commence from ________________