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3 Fam Company LLC, a company incorporated outside India, proposes to establish a place of business in India. The list of the directors includes Mr. Arjun – Managing Director, Mr. Ranveer – Director and Ms. Lavina – Secretary of Fam Company LLC. Mr. Malik and Mr. Arbaaz, resident in India, are the persons who has been authorised by Fam Company LLC to accept on behalf of the company service of process, notices or other documents required to be served to Fam Company LLC. In relation to the company’s establishment, you are asked by the Fam Company LLC with respect to whose declaration will be required to submit to the Registrar by the Company for not being convicted or debarred from formation of companies in or outside India.
2 In which of the following cases the issue of prospectus by a company incorporated outside India will be invalid in law considering the provisions of Chapter XXII of Companies Act, 2013.
(a) The Consent to the issue of the prospectus required from any person, as an expert is attached to the copy for the registration of prospectus to be delivered to the Registrar.
(b) In case where the prospectus is signed by the duly authorized agents of the directors and the copy of power of attorney is not attached with the copy of prospectus to be delivered for Registration.
(c) A company incorporated outside India not having place of business in India.
(d) A Company to be incorporated outside India.
1Videshi Ltd., a foreign company established with a principal place of business at Kolkata, West Bengal. The company delivered various documents to Registrar of Companies. State the number of days and place where the said company shall deliver such documents:
(a) Within 15 days to the Central Government
(b) Within 15 days to the Registrar having jurisdiction over New Delhi
(c) Within 30 days to the Registrar having jurisdiction over West Bengal
(d) Within 30 days to the Registrar having jurisdiction over New Delhi
🌟Company Law MCQ's🌟
Chapter 11,12 : Companies Incorporated Outside India & LLP
19 . M/s TATA Ltd. is incorporated at 1st January, 2015. The Board of Directors shall appoint first auditor before………….
18 The notice to Registrar about appointment of First Auditor shall be in Form…………….
17 Section 141(3) of the Companies Act, 2013, a person who, or his relative or partner is indebted to the company or its subsidiary, or its holding or associate company or a subsidiary of such holding company, in excess of Rs. ………………..shall not eligible
16 Mr. Ram is a relative of Mr. Shyam (chartered Accountant), is holding shares of Rs. 1, 00,000 in M/s ABC Ltd. Whether Mr. Shyam is eligible to appoint as auditor in M/s ABC Ltd.?
15 Whether an officer or employee of the company are eligible to appoint as auditor?
14 Mr. Ram is an employee of the M/s ABC Ltd. He desires to appoint as an auditor of the company. Whether he can eligible to appoint as an auditor of M/s ABC Ltd.?
12 The following which of the persons shall be eligible to appoint as auditor as per Companies Act, 2013.
11 Unicorn Steel Private Limited is incorporated as on 02.06.2022, board of directors of the company held board meeting as on 15.06.2022 to appoint Jain Ajmera & Associates as a first auditor of the companyfor a term of 5 years. As per section 139(6) of the Companies Act, 2013, the board shall appoint first director within 30 days from the date of registration of the company. Evaluate the legal validity;
10 Which of the non-financial matter, Statutory auditor is required to report in his report:
(a) Whether employees appointed during the period covered by audit meet the requisite educational/professional qualification at the time of appointment.
(b) Whether every page of minute book of General meetings bears full signature of Chairman as per provisions of Companies Act, 2013.
(c) Whether the incorporation documents are managed properly.
(d) Whether any director is disqualified from being appointed as a director under section
