Company Law

If you are looking for a role as company secretary. Here we have listed all the most asked Interview questions on company law, which can help you to ace the job interview.

Q.1 What are the options with a legal representative after the death of a registered shareholder?
The legal representative after the death of a registered shareholder have either of the following two options: 1. Register him as the holder of shares against probate of will. 2. Not to be registered as the holder of the shares in case they are unpaid.
Q.2 What does scheme of revival and rehabilitation can provide?
The scheme of revival and rehabilitation can provide: 1. The financial reconstruction of the sick company 2. The sale or release of a part or whole of any asset 3. Restructuring of the debts
Q.3 Which condition qualifies for member’s voluntary Winding up?
A declaration of solvency is made by directors and a declaration of solvency is filed with ROC.
Q.4 What basis is taken for retirement of directors if two director had been appointed on same day?
Any agreement among themselves
Q.5 What is preference share capital?
Preference share capital describes part of the issued share capital of the company which carries a preferential right.
Q.6 Who is deemed to be a contributory in the event of an unregistered company being wound up?
In the event of an unregistered company being wound up, following are deemed to be a contributory: 1. who is liable to pay debt of the company 2. who is liable to pay liability of the company 3. who is liable to pay expenses of winding up the company
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