The Securities and Exchange Commission of Pakistan Act, 1997 extends to:

• A) Securities and Exchange Commission
• B) Whole of Pakistan
• C) Stock exchanges
• D) Corporate sector

According to Securities & Exchange Commission of Pakistan Act, 1997, _____ means the day on which section 43 comes into force.

• A) Holiday
• B) Appointed day
• C) Winding up day
• D) Commencement day

A partnership can be dissolved based on the happening of which of the following?

• A) Death of a partner
• B) All of the given options
• C) Insolvency of a partner
• D) Expiration of time period

Which of the following is necessary for the registration of a company?

• A) Preparation of required documents to be submitted for registration
• B) All of the given options
• C) To seek approval of the name of the company proposed by the promoters
• D) Filing of application for registration of the company

At the first annual general meeting of the company directors shall be elected in their place in accordance with section 178 for a term of:

• A) 2 years
• B) 1 year
• C) 5 years
• D) 3 years

The total amount of the share capital which the company can issue is called:

• A) Called Up Capital
• B) Authorized Capital
• C) Issued Share Capital
• D) Loan capital

No listed company shall have a person as a director who is serving as a director of:

• A) Five other listed companies
• B) Three other listed companies
• C) Another listed company
• D) Ten other listed companies

The Commission shall consist of such number of Commissioners, including the Chairman, appointed by the Federal Government as may be fixed by the Federal Government but such number shall not be less than five and _________

• A) More than eight
• B) More than six
• C) More than nine
• D) More than seven

Which of the following is true about a firm?

• A) A firm adopts legal status from its partners
• B) A firm has no legal existence
• C) A firm has a legal status separate from its partners
• D) None of the given options

Who can inspect the documents of a company kept by the registrar and may require a certificate of incorporation or a certificate of commencement of business?

• A) Financial institutions
• B) Share holders of the company
• C) Any person
• D) Directors of the company

The shareholders together holding not less than twenty per cent of the equity share capital of the company are called:

• A) Deferred shareholders
• B) Preferred shareholders
• C) Majority shareholders
• D) Minority shareholders

Persons who have entered into partnership with one another are individually called:

• A) Corporation
• B) Private limited
• C) Partner
• D) Firm

When a private company can start its business?

• A) On presenting memorandum of association
• B) On presenting articles of association
• C) On publishing the prospectus
• D) On issuance of certificate of incorporation

Within fifteen days of receipt of the complaint under sub-section (6),the Commission shall commence a hearing to determine the veracity of such complaint in accordance with such procedure as may be prescribed by rules made by the ____________

• A) Board of directors of the Company
• B) Court
• C) Provincial Government
• D) Federal Government

Which of the following is NOT true about the partnership?

• A) The agreement must be to share the profits of a business
• B) The business must be carried on by all or any of the persons concerned acting for all
• C) There must be an agreement entered into by all the persons concerned
• D) There must be an association of one or more persons to carry on a business

The Securities and Exchange Policy Board, under section 21 of SECP Act, 1997, advise the Federal Government on:

• A) The public as well as business policy
• B) Measures to encourage self-regulation by the stock exchanges
• C) Regulation of companies and corporate sector
• D) Measures to promote the development of and to regulate the securities market

Who makes the rules for establishment and regulation of Non Banking Finance Companies?

• A) The Federal Government
• B) Securities and Exchange Commission of Pakistan
• C) Board of Directors of NBFC
• D) The Provincial Government

Companies Ordinance, 1984 covers all of the following aspects, EXCEPT:

• A) Growth of corporate sector
• B) Safeguard to shareholders
• C) Control of misconduct
• D) Emphasis on economies of scale

Companies Ordinance, 1984 replaced which of the following?

• A) Companies Act, 1953
• B) Companies Ordinance, 1936
• C) Companies Act, 1913
• D) Companies Ordinance, 1964

Within how many days from the date of the making of the winding up order, a certified copy of the order shall be filed with the registrar?

• A) 15 days
• B) 30 days
• C) 10 days
• D) 7 days