TEST QUIZ Leave a Comment / By caharshgupta / March 10, 2025 Welcome to your TEST QUIZ 1. The Best Dry Fruits Ltd was incorporated under the Companies Act, 1913. Whether the provisions of the Companies Act, 2013 shall apply on it: No, the provisions of the Companies Act, 2013 shall not apply on it. Yes, the provisions of the Companies Act, 2013 shall apply on it. The Companies Act, 1913 was enacted by the British Government, hence only an Act made by British Government shall apply on such company. Since, this company was incorporated by the British Government, hence the Companies Act of UK Govt shall apply. None 2. Which of the following is true in relation to OPC? OPC can have only 1 member and only 1 director OPC has minimum 1 member and minimum 1 director OPC can have only 1 member but minimum 1 director OPC can have only 1 director but minimum 1 member None 3. Company X, a leading automobile manufacturer, has invested in Company Y, a start-up specializing in electric vehicle technology. Company X holds a 25% stake in Company Y and actively participates in its strategic decisions. Based on the provisions of the Companies Act 2013 regarding associate companies, which of the following statements is correct? Company X's investment in Company Y does not qualify as an associate company because Company X does not have control of at least 50% of the total voting power. Company Y qualifies as an associate company of Company X since Company X holds a 25% stake in Company Y and actively participates in its strategic decisions. Company Y cannot be considered an associate company of Company X because it is a start-up and does not meet the minimum criteria for significant influence Company X's investment in Company Y falls under the category of joint venture and does not qualify as an associate company according to the Companies Act 2013 None 4. In Sumit Marketing Company Private Limited (Authorised capital 50,000 shares of Rs. 10 each and paid-up share capital of Rs. 4,50,000), 1000 shares are jointly held by Abeer and Abheek; another 800 shares are jointly held by Seema and Srividya; another 1200 are jointly held by Ramesh, Raksha and Rajneesh and another 3 shares are held by Vishnu and Vishal. Further, 42,000 shares are held by 193 individual persons in their individual capacity. Is it possible for the company to induct more persons? The company is unable to induct more persons since it already has two hundred individual members. The company can induct four more persons as members. The company can induct three more persons as members. The company can induct one more person as its member. None 5. In case of a company limited by guarantee, the liability of the members can be enforced At any time when the company so decides Only at the time of winding-up of the company Only by an order of NCLT Only by order of Registrar of companies None 1 out of 5 Time's up
