As per sec. 88 _______________ may prescribe the limits up to which, the manner in which and the conditions subject to which deposits may be invited, accepted or retained by a company.

• A) Registrar of Company
• B) Provincial Government
• C) Federal Government
• D) Directors of Company

According to sec. 82, brokerage shall not exceed ________ of the price at which shares or debentures issued have been actually sold through the broker or shall be paid at not more than such other rate per cent as may from time to time be specified by the Commission.

• A) Two per cent
• B) One per cent
• C) Five per cent
• D) 0.5 per cent

If a company makes default in complying with the requirements under sec. 103, shall be liable to a fine which may extend to __________ for each copy in respect of which default is made.

• A) Two hundred rupees
• B) Fifty rupees
• C) Hundred rupees
• D) Five hundred rupees

According to Mortgage charges, If default is made in complying with this section, the company and every officer of the company who is knowingly and willfully in default shall be liable to a fine of _____________ rupees.

• A) Four thousand
• B) Two thousand
• C) Three thousand
• D) One thousand

As per Section 92 of the Ordinance, power of company limited by shares to alter its share capital is to Sub-divide its shares, or any of them, into shares of smaller amount than is fixed by the ___________.

• A) Directors
• B) Memorandum
• C) Article of association
• D) Registrar

Every receiver of the property of a company who has been appointed under the powers contained in any instrument, and who has taken possession, shall within thirty days of expiry of every _________ while he remains in possession.

• A) Twelve months
• B) Three months
• C) Six months
• D) Four months

For redemption of preference shares a listed company has to follow procedures set in--------------.

• A) Companies Ordinance 1984
• B) Article of Association
• C) Memorandum of Association
• D) None of the above

In the case of a mortgage or charge created out of Pakistan comprising solely property situate outside Pakistan, ____________ after the date on which the instrument or copy could, in due course of post.

• A) Fourteen Days
• B) Twenty-one days
• C) Twenty-eight days
• D) Thirty days

Under section 80 of companies’ ordinance 1984, a shareholder can change his nomination through notice in writing once submitted with the company.

• A) True
• B) False
• C)
• D)

Section 68 of companies Ordinance 1984 restricts the allotment of share and debentures of the company if the amount raised from applicants is ------------minimum subscription amount mentioned in prospectus by directors.

• A) Greater than
• B) Less than
• C) Equal to
• D) None of the above

If it is mentioned in the prospectus of the company that directors will apply at stock exchange for dealing shares and debentures then company must apply at stock exchange within ------- days after issuance of prospectus.

• A) 6
• B) 4
• C) 2
• D) 8

Application for the transfer of the shares or debentures can be initiated by -------- to the registrar.

• A) Transferee
• B) Both transferor and transferee
• C) None of the above
• D) Transferor

Which of the following documents are required by the company to transfer the shares to the nominee?

• A) Death certificate of shareholder
• B) All of the above
• C) Nomination Instrument in his favor
• D) Share certificates

A transfer of the shares or debentures or other interest of a deceased member of a company made by his nominee or legal representative shall be ______ if he had been a member at the time of execution of the instrument of transfer.

• A) Valid
• B) Void
• C) Illegal
• D) Voidable

According to Sec. 90 of the Ordinance, a company shall issue ___________ shares and shall pay dividend only in proportion to the amount paid up on each share

• A) Divided
• B) Limited
• C) Fully paid
• D) Partly paid

According to section 76, all references to the shares or debentures, shall in case of a company not having ___________, be deemed to be references to interest of the members in the company.

• A) Certificate
• B) Instrument of transfer
• C) Membership
• D) Share capital

The shares or other interest of any member in a company shall be moveable property, transferable in the manner provided by the articles of the company and have a __________ number.

• A) Distinctive
• B) Frequent
• C) Common
• D) Ordinary

Companies’ ordinance 1984 will held liable a director for any misconduct or negligence even if he proves that the default in the repayment of the money was not on his part.

• A) False
• B) True
• C)
• D)

Which of the following sources will be used by a listed company to redeem preference shares?

• A) All of the above
• B) Sinking Fund
• C) Sale proceeds of any property of the company
• D) Profits of the Company available for dividend

Which of the following relative cannot be nominated for the transfer of share in case of death of a shareholder?

• A) Fiance
• B) Step child
• C) Spouse
• D) Adopted Child