Forwarded from MCQ EEI INTER LAW
17. An outsider cannot claim protection under the Doctrine of Indoor Management if they:
Anonymous Quiz
4%
A) Have never met the Managing Director in person
90%
B) Have actual knowledge of the internal irregularity
6%
C) Reside outside the country where the company is registered
0%
D) Do not hold shares in the company
Forwarded from MCQ EEI INTER LAW
18. Which of the following is a recognized exception to the Doctrine of Indoor Management?
Anonymous Quiz
7%
A) Regularity of internal appointments
80%
B) Forgery of documents
9%
C) Acts done within the apparent authority of a director
5%
D) Direct compliance with the Memorandum
Forwarded from MCQ EEI INTER LAW
19. If a document is forged by a company official, what is the status of the transaction under Indoor Management rules?
Anonymous Quiz
30%
A) The transaction is valid if the outsider acted in good faith
67%
B) The transaction is a complete nullity and provides no protection to the outsider
2%
C) The company must pay 50% compensation to the outsider
0%
D) The Central Government will validate the document
Forwarded from MCQ EEI INTER LAW
1. The "binding force" of the Articles of Association (AOA) under the Companies Act, 2013 is primarily governed by which section?
Anonymous Quiz
18%
A) Section 5
55%
B) Section 10
18%
C) Section 13
8%
D) Section 21
Forwarded from MCQ EEI INTER LAW
2. Under Section 10 of the Companies Act, 2013, the Memorandum and Articles of Association bind:
Anonymous Quiz
3%
A) The company to outsiders
3%
B) The members to outsiders
95%
C) The company to its members and members to the company
0%
D) Outsiders to the company
Forwarded from MCQ EEI INTER LAW
3. The Articles of Association bind the members to the company. Can a member sue the company for a breach of a right given to him solely in his capacity as an outsider (e.g., as a company lawyer)?
Anonymous Quiz
29%
A) Yes, because the Articles have general binding force.
65%
B) No, the Articles do not bind the company to a member in his capacity as an outsider.
3%
C) Yes, if the member holds more than 50% shares.
3%
D) No, unless the contract is ratified by the Central Government.
Forwarded from MCQ EEI INTER LAW
4. Can a company bring a legal action against an individual member to enforce the provisions found in its Articles?
Anonymous Quiz
13%
A) No, because a company is a separate legal entity and cannot sue its owners
81%
B) Yes, the Articles create an obligation that the company can enforce against a member
0%
C) Yes, but only if the member holds more than 50% of the voting shares
6%
D) No, the company must liquidate before it can sue a member
Forwarded from MCQ EEI INTER LAW
5. If a member fails to pay a formal call on shares as prescribed by the Articles, what action can the company legally take?
Anonymous Quiz
3%
A) It must immediately dissolve the company
10%
B) It cannot take legal action because it is an internal matter
87%
C) It can sue the member for the unpaid amount based on the binding force of the Articles
0%
D) It can only report the member to the central government
Forwarded from MCQ EEI INTER LAW
6. A director who is also a shareholder can sue the company under the Articles, but only to enforce:
Anonymous Quiz
6%
A) Their right to remain the Chief Executive Officer indefinitely
10%
B) Their personal business contracts with the company
84%
C) Their rights as a member, such as the right to receive declared dividends or attend meetings
0%
D) Their right to an office room in the corporate headquarters
Forwarded from MCQ EEI INTER LAW
7. If a company legally alters its Articles of Association by special resolution to remove a director's special privileges, the director:
Anonymous Quiz
24%
A) Can sue the company for breaching the Articles, because the original text cannot be changed
76%
B) Cannot sue for breach of the Articles, as the co. has a statutory right to alter its constitution
0%
C) Can file criminal theft charges against the shareholders who voted yes
0%
D) Can automatically freeze the company's corporate bank accounts
Forwarded from MCQ EEI INTER LAW
What is the basic time limit for a company to register the particulars of a charge with the Registrar?
Anonymous Quiz
2%
(a) 1 month from the date of creation
96%
(b) 30 days from the date of creation
3%
(c) 120 days from the date of creation
0%
(d) 60 days from the date of creation
Forwarded from MCQ EEI INTER LAW
When a charge is registered under Section 77, from what date is any person acquiring the property deemed to have notice of the charge?
Anonymous Quiz
9%
(a) The date of acquiring the property
37%
(b) 30 days from the date of creation of charge
53%
(c) The date of registration of the charge
2%
(d) The date of application for charge registration
Forwarded from MCQ EEI INTER LAW
Section 77 requires registration of charges created on property or assets located:
Anonymous Quiz
4%
(a) Only within India
0%
(b) Only outside India
93%
(c) Both within or outside India
4%
(d) Only on tangible assets within India
Forwarded from MCQ EEI INTER LAW
If a charge is not registered under Section 77, who among the following will NOT take it into account during winding up?
Anonymous Quiz
11%
(a) The Board of Directors
72%
(b) The Liquidator or any other creditor
6%
(c) The Registrar of Companies
11%
(d) The Central Government
Forwarded from MCQ EEI INTER LAW
Does the non-registration of a charge under Section 77 affect the company's obligation to repay the secured money?
Anonymous Quiz
14%
(a) Yes, the debt becomes void
43%
(b) No, it does not prejudice any contract for repayment of money
43%
(c) Yes, but only if the company is in liquidation
0%
(d) No, but the interest rate is legally reduced to 0%
Forwarded from MCQ EEI INTER LAW
If registration is not completed within the first extension (60 days total), what further extension may the Registrar grant, and under what condition?
Anonymous Quiz
5%
(a) 30 days
88%
(b) 60 days
2%
(c) 90 days
6%
(d) 120 days
Forwarded from MCQ EEI INTER LAW
Which form is used for registering the creation or modification of a charge (excluding debentures) with the Registrar?
Anonymous Quiz
16%
(a) Form CHG-4
84%
(b) Form CHG-1
0%
(c) Form MGT-7
0%
(d) Form AOC-4
Forwarded from MCQ EEI INTER LAW
According to Section 77, who must sign the "particulars of the charge"?
Anonymous Quiz
1%
(a) The Company only
1%
(b) The Charge-holder only
98%
(c) Both the Company and the Charge-holder
0%
(d) The Company and the Statutory Auditor