D:-Three percent of the average net profits of the company made during the three immediately preceding financial
years

Correct Answer:- Option-B

Question9:-According to section 63(1) of the Companies Act, a company may issue fully paid-up bonus shares to its
members not out of

A:-The free reserves
-The securities premium account
C:-The capital redemption reserve account
D:-The reserves created by the revaluation of assets
Correct Answer:- Option-D
Question10:-In case of Non-Profit making Companies notice of general meeting should be given with in ...
‏4ھ‎
‎B:-15
‎C:-21
‎D:-22
‎Correct Answer:- Option-A
Question11:-MUDRA provides refinance support to Banks / MFls for lending to micro units having loan requirement upto

... 68/5

-Rs.50,000
B:-Rs.1,00,000
C:-Rs.5,00,000
D:-Rs.10,00,000

Correct Answer:- Option-D

Question12:-Inactive Company means a company which has not made any significant accounting transaction during last
யப financial year(s).

D:-4
Correct Answer:- Option-B
Question13:-Section 13 of Companies Act 2013 provides that the name of company may be changed by
A:-Passing a resolution at general meeting
-Passing special resolution at general meeting
C:-Passing Ordinary resolution at general meeting
D:-Passing a resolution at Board meeting
Correct Answer:- Option-B
Question14:-The doctrine of ..... does not apply to acts void ab initio
A:-Ultra virus
-Intra virus
C:-Constructive notice
D:-Indoor Management
Correct Answer:- Option-D

Question15:-The Institute of Company secretaries of India constituted the Secretarial Standards Board (SSB) in the year .....
for formulating Secretarial Standards

A:-1995
B:-2000
C:-2005
D:-2013
Correct Answer:- Option-B

Question16:-A citizen of India who goes abroad for the purpose of employment, must stay in India to become resident for
Income Tax purpose, at least

A:-60 days
B:-180 days
1-182 days
D:-365 days
Correct Answer:- Option-C
Question17:-For claiming exemption u/s 54 EC of Income Tax, amount to the extent of the capital gain should be invested:
A:-Within 3 years from the date of transfer
B:-Within 2 years from the date of transfer
:-Within 6 months from the date of transfer