Question:

Payment received from Debtor

A.

Decreases the Total Assets

B.

Increases the Total Assets

C.

Results in no change in the Total Assets

D.

Increases the Total Liabilities

Answer» c. Results in no change in the Total Assets

Question:

1. The underwriting commission in the case of debentures as per Companies Act, should not exceed_________

A.

2.5% of the price at which debenture are issued

B.

3% of the price at which the debentures are issued

C.

4% of the price at which debentures are issued

D.

5% of the price at which debentures are issued

Answer» a. 2.5% of the price at which debenture are issued

Question:

A feature which is common in all cases or merger__________________-

A.

liquidation of at least two companies

B.

liquidation at least one existing company & formation of another company

C.

formation of at least one new company

D.

purchase of one comapany by another company

Answer» d. purchase of one comapany by another company

Question:

In the case of members voluntary winding up liquidator is appointed by _____________

A.

the registrar of companies

B.

the central government

C.

the company in general meeting

D.

the board of directors

Answer» c. the company in general meeting

Question:

Changes in the rate of Preference dividend payable in future without any change in the amount of capital is known as ___

A.

reduction of share capital

B.

variation of shareholders rights

C.

alteration of share capital

D.

compromise/ arrangement

Answer» b. variation of shareholders rights

Question:

The Buy Back of equity shares is governed by________________ of Companies Act

A.

section 117 c

B.

section 80

C.

section 100 to 104

D.

section 68

Answer» a. section 117 c