Quiz Question May 2024

1. Can a company pass a circular resolution for approval to invest the funds of the Company?

  1. Yes
  2. No

2. A private company which is a small company as on 31st March, 2023 is not required to dematerialise its shares under Rule 9B of Companies (Prospectus & Allotment of Securities) Rules, 2014?

  1. Yes
  2. No

3. Can a company issue a fresh offer of a private placement of a different type of security when the earlier offer is still open?

  1. Yes
  2. No

4. Can a company utilize Securities Premium Account for payment of dividend?

  1. Yes
  2. No

5. Whether the LLP need to file an Application for adjudication if the LLP files the Statement of Account & Solvency and/ or  Annual Return as required under the LLP Act 2008 with the office of RoC before the RoC issues notice or within 30 days of the issue of Notice by RoC?

  1. Yes
  2. No

(Ans:  1: b, 2: a, 3: a, 4: b, 5: b)

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