FOUNDATION LEVEL QUIZ 🏆
Which one of the following statements about the capacity to contract is CORRECT?
Which one of the following statements about the capacity to contract is CORRECT?
Anonymous Quiz
13%
Minors are allowed to enter into contracts if they have parental consent.
45%
A person of unsound mind is automatically disqualified from contracting.
11%
Only individuals above 21 years of age can contract.
31%
Any person who is not disqualified by law is competent to contract.
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INTERMEDIATE LEVEL QUIZ 🏆
Under the Companies Act, 2013, a charge is required to be registered with the Registrar of Companies (ROC) within how many days of its creation?
Under the Companies Act, 2013, a charge is required to be registered with the Registrar of Companies (ROC) within how many days of its creation?
Anonymous Quiz
9%
15 days
70%
30 days
12%
45 days
8%
60 days
👍2
FINAL LEVEL QUIZ 🏆
Section 171 of the Companies Act, 2013 addresses the retirement of directors by rotation. What does this section provide for public companies?
Section 171 of the Companies Act, 2013 addresses the retirement of directors by rotation. What does this section provide for public companies?
Anonymous Quiz
5%
All directors must retire at the end of every financial year.
86%
1/3rd of the directors (EXCEPT independent directors) must retire by rotation at each AGM.
7%
Directors are appointed for life unless they resign.
2%
The entire board must be re-elected at every annual general meeting.
👍2
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FOUNDATION LEVEL QUIZ 🏆
X leaves a firm doing a particular business in Delhi. He agrees with other partners of the firm not to start a similar business as that of the firm in Delhi for 2 years. This agreement is :
X leaves a firm doing a particular business in Delhi. He agrees with other partners of the firm not to start a similar business as that of the firm in Delhi for 2 years. This agreement is :
Anonymous Quiz
15%
Void
48%
Valid
31%
Voidable at X’s option
6%
Invalid
👍2
INTERMDIATE LEVEL QUIZ 🏆
As per Factories Act, 1948 ‘Adolescent’ means a person who has completed his 15th year of age but has not completed his 21st year of age. This statement is :
As per Factories Act, 1948 ‘Adolescent’ means a person who has completed his 15th year of age but has not completed his 21st year of age. This statement is :
Anonymous Quiz
41%
True
34%
False
18%
True in respect of young person
7%
True in respect of a child
👍1👎1
FINAL LEVEL QUIZ 🏆
Under Section 149 of the Companies Act, 2013, which of the following is a prerequisite for an individual to be appointed as a director?
Under Section 149 of the Companies Act, 2013, which of the following is a prerequisite for an individual to be appointed as a director?
Anonymous Quiz
11%
They must be a resident of India only.
85%
They must possess a valid Director Identification Number (DIN) and not be disqualified.
3%
They must be nominated by the government.
0%
They must have prior experience as a director.
👍2
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👍1
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FOUNDATION QUIZ 🏆
Which of the following is not a requisite for a valid acceptance ?
Which of the following is not a requisite for a valid acceptance ?
Anonymous Quiz
11%
(a) Acceptance must be communicated
22%
(b) Acceptance must be in the prescribed manner
32%
(c) Acceptance must be made by the offeror
34%
(d) Acceptance must be unconditional
👍1👎1