If any person obtains an order for the appointment of a receiver of, or a person to manage, the property of a company, or appoints such a receiver or person under any powers contained in any instrument, he shall, within __________from the date of the order.

• A) Thirty days
• B) Fifteen days
• C) Seven days
• D) Twenty-one days

According to Section 87, other non-interest bearing securities and obligations out-standing etc. with any scheduled bank or a financial institution to the extent of ________ of such balance.

• A) Fifteen percent
• B) Five percent
• C) Ten percent
• D) Twenty percent

If the refund required by sub-section (1)of Section 71 is not made within the time specified therein, the directors of the company shall be jointly and severally liable to repay that money with surcharge at the rate of ______ per cent. for every month.

• A) one
• B) Two and -a- half
• C) One and-a-half
• D) Two

when a company issues any invitation to the public to subscribe for its shares or other securities, the company shall take a decision within _______ of the closure of the subscription lists as to what applications have been accepted or are successful.

• A) Thirty days
• B) Fifteen days
• C) Seven days
• D) Ten days

Under section 85 of company Ordinance 1984, it is optional for a listed company to redeem its preference shares.

• A) False
• B) True
• C)
• D)

As per section 80 of companies’ ordinance 1984, shareholders can nominate only one nominee for transfer of shares after his death.

• A) False
• B) True
• C)
• D)

Share certificate or debenture certificate is a --------- between owner and his share in the company which is transferable.

• A) Title
• B) Proof
• C) Link
• D) All of the above

According to Redemption of preference shares, if a company fails to comply with the provisions, the company and every officer of the company who knowingly and willfully is in default shall be liable to a fine not exceeding _______.

• A) Ten thousand rupees
• B) Two thousand rupees
• C) Eight thousand rupees
• D) Five thousand rupees

As per Section 77 of Transfer of Shares and Debentures, director of a company shall not refuse to transfer any fully paid shares or debentures unless the ___________ is defective or invalid.

• A) Share Certificate
• B) Indemnity Bond
• C) Certificate of Incorporation
• D) Transfer Deed

The amount or rate per cent of the commission paid or agreed to be paid in case of shares or debentures offered to the public for subscription, disclosed in the____________

• A) Article of Association
• B) Prospectus
• C) Memorandum of Association
• D) Circular and notice

In case of default for non-compliance with any other provision of section 82, the company concerned will be liable to a fine not exceeding _______ rupees.

• A) One thousand
• B) Two thousand
• C) Five hundred
• D) Five thousand

Share or debenture is a ----------- Property.

• A) None of the above
• B) Intangible
• C) Movable
• D) Immovable

Under section 76 of companies’ ordinance 1984, Registrar requires --------------for the transfer of the shares or debentures.

• A) Signatures of the witnesses on Transfer deed
• B) Transfer deed signed and stamped by transferor and transferee
• C) Shares or debentures certificates to be transferred
• D) All of the above

Which of the following are features of preference shares?

• A) All of the above
• B) Privilege over dividend payment by the company
• C) No voting Power
• D) Privilege over corporate assets at the time of liquidation

If any officer of the company willfully conceals the name of any creditor entitled to object to the reduction, or willfully misrepresents the nature or amount of the debt with imprisonment for a term which may extend to __________.

• A) Two years
• B) Six Months
• C) One and half year
• D) One year

According to Section 71 that is repayment of money received for shares not allotted, states any condition purporting to require or bind any applicant for shares or other securities to waive any requirement of this section shall be_________.

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

The following shall not be appointed under any powers contained in an instrument as a receiver or manager of the property of a company, EXCEPT:

• A) A body corporate;
• B) A person who is of sound mind and stands so declared by a competent Court
• C) A director of the company;
• D) an un-discharged insolvent unless he is granted Leave by the Court by which he has been adjudged an insolvent

Intentional irregularities in allotment of shares and debentures by a company officer cannot be commenced after--------- under companies’ ordinance 1984.

• A) 1 Year
• B) 2 Year
• C) 3 Year
• D) 4 Year

A company limited by shares, if so authorized by its articles, may by special resolution reduce its share capital subject to the _______________.

• A) Confirmation by the Court
• B) Confirmation by Company directors
• C) Confirmation by the Company's Registrar
• D) confirmation by the Commission

A mortgage or charge or other interest based on a __________ agreement.

• A) Murahaba
• B) Musharika
• C) Mudaraba
• D) Istisn'a