FINAL LEVEL QUIZ 🏆
Under Section 9, when does the NCLT admit the application filed by an operational creditor?
Under Section 9, when does the NCLT admit the application filed by an operational creditor?
Anonymous Quiz
45%
If the default is above ₹50,000 and there is no reply from debtor within 10 days
29%
If there is no dispute, and debt is unpaid and above the threshold limit
19%
If the corporate debtor agrees to undergo CIRP voluntarily
8%
If the operational creditor submits an affidavit without any supporting invoices
👍2
PROFESSIONAL LEVEL QUIZ 🏆
An application under Section 9 of IBC, 2016 shall be rejected by the Adjudicating Authority if:
An application under Section 9 of IBC, 2016 shall be rejected by the Adjudicating Authority if:
Anonymous Quiz
31%
The amount of default is less than ₹10 lakh
44%
The corporate debtor disputes the debt before the demand notice
12%
The operational creditor fails to attach Form 2
12%
The demand notice is sent via WhatsApp instead of registered post
👍1
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FOUNDATION QUIZ
On whose insolvency the agency is terminated?
On whose insolvency the agency is terminated?
Anonymous Quiz
13%
(a) Sub agent
28%
(b) Agent
49%
(c) Principal
10%
(d) Del credere
👍2
CSEET QUIZ
________________ is a person employed by, and acting under the control of original agent in the business of agency .
________________ is a person employed by, and acting under the control of original agent in the business of agency .
Anonymous Quiz
15%
(a) A substituted agent
53%
(b) A sub agent
28%
(c) A mercantile agent
4%
(d) An universal agent
👍2
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INTER LEVEL QUIZ
If a company defaults in redeeming its debentures on the due date, what is the immediate remedy available to debenture holders under the Companies Act, 2013?
If a company defaults in redeeming its debentures on the due date, what is the immediate remedy available to debenture holders under the Companies Act, 2013?
Anonymous Quiz
12%
a) File a case in SEBI
57%
b) Apply to Tribunal under Section 71(10)
24%
c) Appeal to ROC
7%
d) Seek refund from promoters
👍1
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EXECUTIVE LEVEL QUIZ
A company issued partly paid shares but failed to collect the unpaid amount. What is the legal remedy to enforce payment from shareholders?
A company issued partly paid shares but failed to collect the unpaid amount. What is the legal remedy to enforce payment from shareholders?
Anonymous Quiz
6%
a) Appeal to SEBI
17%
b) ROC will issue a recovery notice
74%
c) Company must issue a call notice and follow forfeiture process
4%
d) Company must reissue shares
👍1
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FINAL LEVEL QUIZ 🏆
A dormant company under the Companies Act, 2013 must file its annual return in which of the following prescribed forms?
A dormant company under the Companies Act, 2013 must file its annual return in which of the following prescribed forms?
Anonymous Quiz
50%
MGT-7 and AOC-4
23%
MSC-4
16%
MSC-3
10%
DIR-3 KYC and MSC-2
👍1
PROFESSIONAL LEVEL QUIZ 🏆
Which of the following companies is not eligible to apply for the status of a dormant company under Section 455 of the Companies Act, 2013?
Which of the following companies is not eligible to apply for the status of a dormant company under Section 455 of the Companies Act, 2013?
Anonymous Quiz
11%
A company formed for a future project and has not yet commenced business
29%
A company which has not filed financial statements for two consecutive financial years
44%
A company carrying out significant accounting transactions during the last financial year
17%
A company that has no significant accounting transaction and has made an application in Form MSC-1
👍2
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