Legal Aspect of Business We Also Provide SYNOPSIS AND PROJECT. Contact www.kimsharma.co.in for best and lowest cost solution or Email: amitymbaassignment@gmail.com Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only) QUESTION 1. Which of the following is not competent to draw a valid negotiable instrument? Agent Company Partner (Non- Trading) Minor QUESTION 2. The payment of a crossed cheque can be obtained At the counter By payee only By depositing in account None of these QUESTION 3. The ultra vires loans granted by the company are Void Voidable Valid Partly void QUESTION 4. Signature on memorandum of association should be done by how many persons in case of private company? Two Three Five Ten QUESTION 5. Trade bill is Made by a seller to a buyer need for accommodating the need for money both a& b none of the above QUESTION 6. Minimum paid up capital (Companies Amendment Act 2015) in case of public company is 1 lakh 5 lakhs 10 lakhs 15 lakhs QUESTION 7. The appointment of additional directors shall be made by Any other director Board of directors Shareholders Government QUESTION 8. Which of the following is not a material alteration? Alteration of date Alteration of amount Alteration correcting clerical mistake Alteration of place of payment QUESTION 9. An essential of bill of exchange is acceptance Rejection Both a&b None of the above QUESTION 10. The internal bye-laws of the company are called Memorandum of association Articles of association Prospectus Shelf prospectus We Also Provide SYNOPSIS AND PROJECT. Contact www.kimsharma.co.in for best and lowest cost solution or Email: amitymbaassignment@gmail.com Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only) QUESTION 11. Part of the issued capital taken by public is called Subscribed capital Called-up capital Paid-up capital Issued capital QUESTION 12. Which of these can be ground for compulsory winding up of a company? Default in holding statutory meeting Failure to commence business within one year of incorporation Membership below minimum All of these QUESTION 13. When is a prospectus required to be issued At the time of Initial Public Offer At the time of Follow-up Public Offer At the time of Rights Issue In all these cases QUESTION 14. Which of these is not a feature of a company form of business? unlimited liability separate property perpetual succession common seal QUESTION 15. Negotiable instrument act can be Classified by sataus Recognized by usage Both a&b None of the above. QUESTION 16. Generally bill of exchange has how many parties? Two Three Four Five QUESTION 17. The time gap between two Annual General Meetings shall not exceed 15 months 16 months 18 months 24 months QUESTION 18. A person who receives a negotiable instrument in good faith and for valuable consideration is known as Holder for value Holder for consideration Holder in due course Holder QUESTION 19. Material altercation includes Altercation in time of payment Altercation of date of instrument Altercation in place of payment all of the above. QUESTION 20. What is the maximum period of redemption in case of preference shares issued by the company? 5 years 10 years 15 years 20 years We Also Provide SYNOPSIS AND PROJECT. Contact www.kimsharma.co.in for best and lowest cost solution or Email: amitymbaassignment@gmail.com Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only)