Multiple Choice Questions---Companies Ordinance 1984/ Corporate Law/ Company Law for ACMA (ICMAP) &...

Companies Ordinance 1984/Corporate Law/Company Law for ACMA (ICMAP) & CA Students—

Multiple Choice Questions & Answers—Rehan Aziz Shervani—(Advocate

High Court)-0333-4324961—ICMAP Class-Stage IV- Section A

Answers are in green color.1. ARTICLES OF ASSOCIATION ARE:

I. MANDATORYII. NECESSARY

III. OPTIONALIV. NONE

2. ARTICLES OF ASSOCIATION ARE FOR:I. EXTERNAL AFFAIRS OF A COMPANY

II. INTERNAL AFFAIRS OF A COMPANYIII. BOTH i) & ii)IV. Public company

3. FOR AN ASSOCIATED COMPANY,MINIMUM NO OF SHARES WHICH SHOULD BE DIRECTLY OR INDIRECTLY CONTROLLED BY A PERSON:

I. 15%II. 10%

III. 20%IV. 50%

4. IF A COMPANY OR UNDERTAKING IS SUBSIDAIRY OF ANOTHER THEN IT IS:I. PRIVATE COMPANY

II. PUBLIC COMPANYIII. ASSOCIATED COMPANYIV. ALL OF THE ABOVE

5. IF A PERSON IS THE OWNER OF OR DIRECTOR IN A COMPANY OR UNDERTAKING OR WHO SO CONROLS SHARES NOT LESS THEN 10% OF:

I. GOVERNING POWERII. RULING POWER

III. VOTING POWERIV. ALL OF THE ABOVE

6. A BODY CORPORATE OR CORPORATION IS A COMPANY:I. INCORPORATED OUTSIDE THE PAKISTAN

II. INSIDE THE PAKISTANIII. LISTED ON STOCK EXCHANGEIV. NONE OF THE ABOVE

7. OFFICIAL GAZETTE IS A:I. NEWSPAPER

II. CIRCULARIII. OFFICIAL NEWSPAPERIV. ADVERTISEMENT

8. BOOK AND PAPER OR BOOKS OF ACCOUNT ARE:I. SAME

II. DIFFERENTIII. NONEIV. ANYTHING CONTAINED INFORMATION ABOUT THE COMPANY

9. CHIEF EXECUTIVE IS ENTRUSTED:I. WHOLE POWERS OF MANAGEMENT

II. SUBSTABTIALLY THE WHOLE POWERS OF MANAGEMENTIII. BOTH i) & ii)IV. NONE OF THE ABOVE

10. IF A COMPANY IS INCORPORATED BEFORE 1984,THEN IT IS:I. HOLDING COMPANY

II. SUBSIDIARY COMPANYIII. EXISTING COMPANY IV. ASSOCIATED COMPANY

11. COMPANY LIMITED BY SHARES MEANS A COMPANY HAVING THE LAIBILITY OF ITS MEMBERS:I. LIMITED TO THE AMOUNT,IF ANY,UNPAID ON THE SHARES RESPECTIVELY HELD BY

THEMII. UNLIMITED TO THE AMOUNT,IF ANY,UNPAID ON SHARES RESPECTIVELY HELD BY THEM.

III. SPECIFIC LIABILITYIV. NONE OF THE ABOVE

12. DEBENTURES ARE:I. DEBT SECURITIES

II. EQUITY SECURITIESIII. BOTH i) & ii)IV. NONE

13. ANY PERSON OCCUPYING THE POSITION OF A DIRECTOR IS:I. NOT DIRECTOR

II. DIRECTORIII. CHIEF EXECUTIVEIV. OFFICER

14. SUMMONS,NOTICE,REQUITION,ETC ARE:I. BOOK & PAPER

II. BOOKS OF ACCOUNTIII. DOCUMENTSIV. ALL

15. FINANCIAL YEAR IS:I. CALENDER YEAR

II. NOT CALENDER YEARIII. PERIOD IN RESPECT OF WHICH ANY PROFIT & LOSS ACCOUNT IS PREPAREDIV. BOTH ii) & iii)

16. HOLDING COMPANY MEANS A COMPANY AS DEFINED IN SECTION:I. 42

II. 3III. 5IV. 10

17. IF A PERSON HAVE ANY SHARE,SCRIP OR OTHER SECURITY WHICH GIVES HIM A VOTING POWER/RIGHT BECOMES:

I. DIRECTORII. CHIEF EXECUTIVE

III. MEMBERIV. OFFICER

18. EVERY SHREHOLDER IS:I. MEMBER OF COMPANY

II. NOT MEMBER OF COMPANYIII. OWNER OF COMPANYIV. BOTH ii) & iii)

19. MEMORANDUM OF ASSOCIATION ARE:I. INTERNAL AFFAIRS OF COMPANY

II. EXTERNAL AFFAIRS OF COMPANYIII. MANDATORYIV. BOTH i) & iii)

20. IF A COMPANY RESTRICTS TO TRANSFER ITS SHARES,THEN IT IS:I. PUBLIC COMPANY

II. PRIVATE COMPANYIII. HOLDING COMPANYIV. EXISTING COMPANY

21. PRIVATE COMPANY LIMITS THE NUMBER OF ITS MEMBERS TO:I. 30

II. 20III. 40IV. 50

22. WHEN TWO OR MORE PERSONS HOLD ONE OR MORE SHARES IN A COMPANY JOINTLY,THEY WILL BE TREATED AS:

I. SINGLE MEMBERII. SEPERATELY AS MEMBERS

III. DIRECTORS IV. NONE

23. IF AN ADVERTISEMENT INVITES PUBLIC FOR THE SUBSCRIPTION OR PURCHASE OF ANY SHARES,IT IS:

I. DOCUMENTII. BOOK & PAPER

III. PROSPECTUSIV. ALL

24. REDEEMABLE CAPITAL:I. IS BASED ON INTEREST

II. NOT BASED ON INTERESTIII. ARE ORDINARY SHARESIV. NONE

25. CD-ROM AND FLOPPY CONTAINING THE NAMES OF MEMBERS OF COMPANY & DEBENTURE HOLDERS ARE:

I. BOOK & PAPERII. BOOKS OF ACCOUNTS

III. REGISTERIV. ALL OF THE ABOVE

26. SPECIAL RESOLUTION SHOULD BE PASSED BY THE MAJORITY OF:I. 2/5 MEMBERS

II. 6/10 MEMBERSIII. 3/4 MEMBERS IV. 2/4 MEMBERS

27. NUMBER OF DAYS OF NOTICE SPECIFYING THE INTENTION TO PROPOSE THE RESOLUTION AS SPECIAL RESOLUTION ARE:

I. 50 DAYSII. 30 DAYS

III. 25 DAYSIV. 21 DAYS

28. REMOVAL OF CHIEF EXECUTIVE IS DONE BY:I. DIRECTORS

II. OWNERSIII. SPECIAL RESOLUTIONIV. NONE

29. XYZ COMPANY HOLDS 50% OF VOTING SECURITIES OF ABC COMPANY,THEN,XYZ IS:I. SUBSIDIARY COMPANY

II. HOLDING COMPANYIII. ASSOCIATED COMPANYIV. ALL

30. ABC IS:I. HOLDING COMPANY

II. LISTED COMPANYIII. PRIVATE COMPANYIV. SUBSIDIARY COMPANY

31. SUBSIDIARY OF SUBSIDIARY COMPANY:I. HOLDING COMPANY OF SUBSIDIARY COMPANY

II. EXISTING COMPANYIII. SUBSIDIARY OF SUBSIDIARY HOLDING COMPANYIV. BOTH i) & iii)

32. COMPANIES ORDINANCE DOESNOT APPLY TO:I. TRADING CORPORATION CONTROLLED OR OWNED BY PROVINCE

II. CO-OPERATIVE SOCIETYIII. A UNIVERSITYIV. ALL OF THE ABOVE

33. A NON-TRADING CORPORATION,THE OBJECTS OF WHICH ARE CONFINED BY SINGLE PROVINCE WILL ACT UNDER:

I. COMPANIES ORDINANCE 1984

II. SECURITIES AND EXCHANGE ORDINANCE 1969III. PROVINCIAL GOVERNMENT ITSELF REGULATEIV. NONE OF THE ABOVE

34. A PARTNERSHIP OR ASSOCIATION CONSISTING OF MORE THAN TWENTY PERSONS IS:I. LEGAL

II. ILLEGALIII. VALIDIV. NONE

35. A PARTNERSHIP OR COMPANY CONSISTING OF MORE THAN TWENTY PERSONS SHOULD BE:I. REGISTERED UNDER COMPANIES ORDINANCE

II. NOT REGISTEREDIII. INCORPORATED UNDER COMPANIES ORDINANCE 1984IV. BOTH i) & iii)

36. THE PERSON WHO IS THE MEMBER OF SUCH PARTNERSHIP,WHICH HAS MORE THAN 20 MEMBERS SHOULD BE PUNISHED WITH FINE WHICH MAY EXTEND TO:

I. 10 THOUSANDII. 15 THOUSAND

III. 5 THOUSANDIV. 1 THOUSAND

37. ANY (THREE) OR MORE PERSONS ASSOCIATED FOR ANY LAW PURPOSE SUBSCRIBING THEIR NAMES TO MEMORANDUM OF ASSOCIATION & COMPLYING WITH COMPANIES ORDINANCE WILL FORM:

I. PUBLIC COMPANY II. HOLDING COMPANY

III. PRIVATE COMPANYIV. ORDINARY COMPANY

38. ANY MINIMUM REQUIRMENT OF ASSOCIATION FOR A PRIVATE COMPANY IS:I. 5

II. 7III. 1IV. 2

39. IN MEMORANDUM THE NAME OF COMPANY AS PRIVATE WILL BE WRITTEN AS:I. PRIVATE LIMITED

II. LIMITEDIII. PVTIV. (PRIVATE) LIMITED

40. IN MEMORANDUN; NO SUBSCRIBER OF THE MEMORANDUM SHALL TAKE LESS THAN:I. 20 SHARES

II. 5 SHARESIII. 2 SHARESIV. 1 SAHRES

41. THE TRADING CORPORATION IN MEMORANDUM SHALL STATE THEIR:I. LIABILITY

II. SHARE CAPITALIII. OBJECTSIV. NONE

42. EACH SUBSCRIBER OF THE MEMORANDUM SHALL WRITE OPPOSITE TO HIS NAME:I. THE LIMIT OF LIABILITY

II. THE NUMBER OF SHARESIII. BOTH i) & ii) IV. NONE

43. IN CASE OF MEMORANDUN OF COMPANY LIMITED BY GUARANTEE;EACH MEMBER UNDERTAKES TO COMTRIBUTES TO THE ASSETS OF THE COMPANIES OR AFTER:

I. 3 YEAR AFTER PAYMENT OF DEBTSII. 2 YEAR AFTER PAYMENT OF DEBTS

III. 1 YEAR AFTER PAYMENT OF DEBTSIV. 5 YEAR AFTER PAYMENT OF DEBTS

44. ARTICLES OF ASSOCIATION MAY ADOPT:I. ALL REGULATIONS CONTAINED IN TABLE A IN 1ST SCHEDULE

II. ANY OF THE REGULATIONS OF TABLE AIII. BOTH i) & ii)IV. NONE

45. IN WHICH CASE,ARTICLES SHALL THE AMOUNT OF SHARE CAPITAL;IF THE COMPANY HAS A SHARE CAPITAL:

I. UNLIMITED COMPANYII. COMPANY LIMITED BY GAURANTEE

III. NONEIV. BOTH i) & ii)

46. IF ARTICLEA OF THE COMPANY AFFECTS THE SUBSTANTIVE RIGTHS OR LIABILITIES OF MEMBERS OR OF A CLASS MEMBERS,IT SHALL BE CARRIED OUT ONLY IF THE MAJORITY OF:

I. 5/10II. 1/2

III. 3/4IV. 3/5

47. THE MEMORANDUM AND ARTICLES SHALL WHEN REGISTERED,BIND THE COMPANT AND MEMBERS THEREOF TO THE SAME EXTENT IF THEY RESPECTIVELY HAVE BEEN:

I. READII. NOTICED

III. OBSERVEDIV. SINGED

48. ALL MONEY PAYABLE BY ANY MEMBER TO THE COMPANY UNDER THE MEMORANDUM OR ARTICLES SHALL BE A:

I. DEBTII. INVESTMENT

III. STOCKIV. NONE

49. ON THE REGISTERATION OF THE MEMORANDUM OF A, THE REGISTERAR SHALL CERTIFY BY HAND THAT THE COMPANY:

I. REGISTEREDII. ESTABLISHED

III. INCORPORATEDIV. ALL OF THE ABOVE

50. CERTIFICATE OF INCORPORATION IS LIKE A :I. EVIDENCE

II. BIRTH CERTIFICATEIII. BOTH i) & ii)

IV. NONE OF THE ABOVE51. PROOF OF THE EXISTENCE OF THE COMPANY IS:

I. ARTICLES OF THE ASSOCIATIONII. MEMORANDUM OF ASSOCIATION

III. CERTIFICATE OF INCORPORATIONIV. STAMP

52. EVERY COMPANY SHALL SEND TO EVERY MEMBER,AT HIS REQUEST,COPIES OF MEMORANDUM AND ARTICLES WITHIN:

I. 10 DAYSII. 12DAYS


53. IF THE COMPANY MAKES DEFAULT IN SENDIND THE COPIES OF THE MEMORANDUM AND ARTICLES SHALL BE LIABLE TO A FINE:

I. 500II. 200

III. 300IV. 100

54. A COMPANY WRITES THE SAME AS ANOTHER IS EXISTING SHALL:I. CONTINUE TO WORK

II. SHALL NOT BE REGISTEREDIII. BE ALLOWEDIV. NONE OF THE ABOVE

55. IF A COMPANY HAS ANY CONNECTION WITH FOREIGN GOVERNMENT OR INTERNATIONAL ORGANIZATION IS :

I. VALIDII. BODY CORPORATE

III. SUBSIDARYIV. CAN’T BE REGISTERED

56. ASSOCIATION NOT FOR PROFIT ARE ESTABLISED AND INCORPORATED CAN BE REGISTERED WITHOUT THE ADDITIONS OF THE WORDS:

I. “LIMITED”II. “PRIVATE LIMITED”

III. “GAURANTEE LIMITED”IV. ALL OF THE ABOVE

57. COMPANIES UNDER SECTION 42 ARE GENERALLY CALLED”I. PUBLIC COMPANY

II. PRIVATE COMPANYIII. NGOSIV. HOLDING COMPANY

58. COMPANIES LIKE NGOS CAN’T PAY TO ITS MEMBERS:I. SALARIES

II. REMUNERATIONIII. BOTH i) & ii)IV. DIVIDEND

59. ASSOCIATIONS NOT FOR PROFIT INCORPORATED ENJOY ALL THE PREVILEGES OF:I. LIMITED COMPANY

II. UNLIMITED COMPANY

III. PUBLIC COMPANYIV. NONE

60. A LICENCE OF NOT FOR PROFIT OR NGOs MAY BE REVOKED BY THE COMMISSION AND UPON THE REVOCATION THE REGISTRAR SHALL ENTER THE WORDS:

I. REVOKEDII. (PRIVATE)LIMITED

III. (GAURANTEE)LIMITEDIV. BOTH i) & iii)

61. A COMPANY LIMITED GY GAURANTEE & NOT HAVING THE SHARE CAPITAL AND BY PROVISIONS IN THE MEMORANDUM OR ARTICLES OR ANY RESOLUTION PURPORTING TO DIVIDE THE UNDERTAKING OF THE COMPANY INTO SHARES OR INTERESTS SHALL BE TREATED AS PROVISION FOR:

I. ISSUED CAPITALII. ALLOTED CAPITAL

III. AUTHORISED CAPITALIV. SHARE CAPITAL

62. AS IN THE CASE SECTION 6 A PERSON HAVING THE RIGHT TO PARTICIPATE IN THE PROFITS OF THE COMPANY OTHERWISE AS THE MEMBER SHALL BE:

I. DIRECTORII. EXECUTIVE

III. AUDITORIV. VOID

63. A PROSPECTUS ISSUED SHOULD BE:I. ON THE BEHALF OF COMMISSION

II. ON THE BEHALF OF SUBSIDIARYIII. ON THE BEHALF OF COMPANYIV. NONE

64. THE ON WHICH PROSPECTUS IS ISSUED AND THAT DATE,UNLESS THE CONTRARY IS PROVED BE TAKEN AS:

I. ISSUED DATEII. STARTING DATE

III. DATE OF COMMINSMENTIV. DATE OF PUBLICATION

65. EVERY PROSPECTUS ISSUED BY OR ON THE BEHALF OF COMPANY OR BY OR ON THE BEHALF OF THE PERSON WHO HAS ENGAGED OR INTERSETED IN THE:

I. SHARES OF THE COMPANYII. ASSETS OF THE COMPANY

III. FORMATION OF THE COMPANYIV. ALL OF THE ABOVE

66. PROSPECTUS PUBLISHED SHOULD BE:I. DAILY NEWSPAPER ONLY

II. DAILY URDU NEWSPAPER ONLYIII. ONE URDU AND ONE ENGLISH NEWSPAPERIV. TWO ENGLISH AND ONE URDU NEWSPAPER

67. PROSPECTUS ISSUED SHALL BE MADE AVAILABLE AT:I. REGISTERED OFFICE OF THE COMPANY

II. STOCK EXCHANGE AT WHICH IT IS LISTEDIII. WITH BANKERS TO ISSUE THE PROSPECTUS

IV. ALL OF THE ABOVE68. NO PROSPECTUS SHALL BE ISSUED OR AN ADVERTISEMENT OF A PROSPECTUS IN NEWSPAPER

LESS THAN BEFORE SUBCRIPTION LISTI. 3 DAYS

II. 5 DAYSIII. 21 DAYSIV. 7 DAYS

69. THE MAXIMUM PERIOD OF ISSUE OF PROSPECTUS BEFORE SUBSCRIPTION LIST:I. 28 DAYS

II. 25 DAYSIII. 30 DAYS IV. 35 DAYS

70. IF A PROSPECTUS IS ISSUED WITHOUT THE REQUIRMENTS OF SECTION 53 SUB-SECTION 1&2 AND REGISTRAR,THE PERSON LIABLE FOR FINE WHO HAD PREPARED THE PROSPECTUS TO FINE NOT EXCEEDING:

I. 5000II. 15000

III. 10000IV. 25000

71. AS THE SENERIO ABOVE,IN CASE OF A DEFAULT TO A FURTHER FINE NOT EXCEEDING__________ FOR EVERY DAY FROM THE DATE OF ISSUE OF PROSPECTUS:

I. 500II. 300

III. 200IV. 1000

72. A CONDITION OR REQUIREMENT BINDING AN APPLICANT FOR SHARE IN OR DEBENTURE OF A COMPANY TO WAIVE COMPLIANCE WITH ANY OF THE REQUIREMENTS AND NOT MENTIONED IN THE PROSPECTUS SHALL BE:

I. LEGALII. ALLOWED

III. VOIDIV. VALID

73. THE FORM OF APPLICATION FOR SHARES IN OR DEBENTURES OF A COMPANY,UNLESS THE FORM IS ACCOMPANIED BY PROSPECTUS:

I. IS APPLICALBLEII. NOT APPLICABLE

III. CAN BE ACCEPTEDIV. NONE

74. THE SHARES OR DEBENTURES WHICH WERE NOT OFFERED TO PUBLIC, THE APPLICATION FORM WITHOUT PROSPECTUS;THE SHARES OR DEBENTURES CAN BE:

I. ISSUEDII. CAN’T BE ISSUED

III. VOIDIV. NONE

75. NO ONE SHALL ISSUE ANY FORM OF APPLICATION FOR SHARES IN OR DEBENTURES OF A COMPANY UNLESS THA FORM IS ACCOMPANIED BY PROSPECTUS;IF ANY PERSON ACTS IN CONTRAVENTION OF THIS SECTION,HE SHALL BE LIABLE TO A FINE NOT EXCEEDING:

I. 5000

II. 3000III. 2000IV. 1000

76. NO ALLOTMENT SHALL BE MADE OF ANY SHARE CAPITAL OF A COMPANY OFFERED TO PUBLIC FOR SUBSCRIPTION UNLESS THE AMOUNT STATE IN PROSPECTUS AS THE MINIMUM AMOUNT IN OPINION OF DIRECTORS MUST BE:

I. RAISED BY ISSUE OF SHARE CAPITALII. AND FULL AMOUNT THEREOF HAS BEEN PAID

III. AND THE AMOUNT RECEIVED IN CASH BY COIV. ALL OF THE ABOVE

77. ALL MONEYS RECEIVED FROM APPLICANTS FOR SHARES SHALL BE DEPOSITED AND KEPT IN A SEPARATE:

I. LOCKERII. CUSTODY

III. BANK ACCOUNTIV. NONE

78. ALL MONEYS RECEIVED FROM APPLICANTS FOR SHARES SHALL BE DEPOSITED AND KEPT IN A SEPARATE BANK ACCOUNT UNTILL:

I. THE BUSINESS STARTSII. LAW ALLOWS

III. THE CERTIFICATE TO COMMENCE BUSINESS IS OBTAINEDIV. ALL

79. THE AMOUNT PAYABLE ON APPLICATION ON EACH SHARE SHALL BE THE FULL:I. ORDINARY AMOUNT OF THE SHARES

II. SPECIAL AMOUNT OF THE SHARESIII. NOMINAL AMOUNT OF THE SHARESIV. BOTH ii) & iii)

80. IF SUCH MONEY IS NOT REPAID WITHIN __________ DAYS AFTER THE ISSUE OF PROSPECTUS:I. 40 DAYS


81. IF THE AMOUNT OF UN-SUCCESSFUL APPLICANT IS NOT REFUNDED;THE DIRECTORS OF THE COMPANY ARE LIABLE TO PAY SURCHARGE @ __________ PER MONTH:

I. 1-3/2 % II. 1-4/5 %

III. 1-1/2 %IV. NONE

82. MINIMUM SUBCRIPTION IS THE AMOUNT OF CAPITAL MENTIONED:I. ARTICLES OF ASSOCIATION

II. PROSPECTUSIII. BOTH i) & ii)IV. NONE

83. THE MONEY RECEIVED IN EXCESS OF MINIMUM SUBCRIPTION IS REQUIRED TO BE:I. DEPOSITED

II. REFUNDEDIII. UTILIZEDIV. NONE

84. IN CASE OF CONTRAVENTION OF SUBCRIPTION OF SHARES AND ALLOTMENT OF SHARES;THE DIRECTORS,PROMOTERS OR THER PERSONS KNOWINGLY RESPONSIBLE FOR SUCH CONTRAVENTION SHALL BE LIABLE TO A FINE NOT EXCEEDING:

I. 5,000II. 15,000

III. 2,000IV. 10,000

85. IN CASE OF CONTINUING CONTRAVENTION TO A FURTHER FINE NOT EXCEEDING __________ FOR EVERY DAY AFTER THE FIRST DURING WHICH CONTRAVENTION _____________ CONTINUES:

I. 500II. 600

III. 300IV. 200

86. AN ALLOMENT OF SHARES MADE BY COMPANY TO AN APLLICANT IN THE CONTRAVENTION OF THE PROVISIONS OF RESTRICTION AS TO ALLOTMENT AND STATEMENT IN LIEU OF PROSPECTUS;SHALL BE:

I. VALIDII. VOID

III. VOIDABLEIV. NOT ENFORCEABLE

87. THE SENERIO ABOVE THE MINIMUM TIME REQUIRED FOR THE ALLOTMENT OF SHARES TO BE VOIDABLE AFTER THE HOLDING OF STATUTORY MEETING OF THE COMPANY:



88. IN CASE OF EFFECT OF IRREGULAR ALLOTMENT OF SHARES;THE PROCEEDINGS TO RECOVERANY SUCH LOSS,DAMAGES OR COSTS SHALL NOT BE COMMENCED AFTER THE EXPIRATION OF ________ FROM THE DATE OF THE ALLOMENT:

i. 1 YEARii. 1.5 YEAR

iii. 2 YEARSiv. 2.5 YEARS

89. WHERE A COMPANY ISSUES ANY INVITATION TO THE PUBLIC TO SUBCRIBE FOR ITS SHARESOR OTHER SECURITIES;THE PERIOD OF REPAYMENT OF UNACCEPTED OR UNSUCCESSFUL APPLICATION WITHIN:

15 DAYSI. 25 DAYS


90. IF REFUNDED OF RUPEES FOR THE APPLICATION AND SUBCRIPTION OF SHARES IS NOT MADE WITHIN 10 DAYS,THE DIRECTORS OF THE COMPANY SHALL BE JOINTLY AND SEVERALLY LIABLE TO _______________ SURCHARGE FOR EVERY MONTH OR PART THEREFO FROM THE EXPIRATION OF THE FIFTEETH DAY:

I. 1.5 %II. 2.5 %

III. 3.5 %IV. 0.5 %

91. THE FINE ABOVE,IN ADDITIONAL FINE NOT EXCEEDING ____________:

I. 3000II. 2000

III. 5000IV. 2500

92. IN CASE OF FURTHER OR CONTINUOUS OFFENCE TO A FURTHER FINE NOT EXCEEDING __________ FOR EVERY DAY AFTER THE SAID FIFTEETH DAY ON WHICHTHE DEFAULT CONTINUES.

I. 500II. 300

III. 200IV. 100

93. EVERY COMPANY WITH _________ DAYS AFTER THE ALLOTMENT OF ITS SHARES, DEBENTURES OR DEBENTURE STOCK AND WITHIN _________ DAYS AFTER THE APPLICATION FOR THE REGISTER OF THE TRANSFER OF SHARES, DEBENTURES OR DEBENTURE STOCK, COMPLETE AND HAVE READY FOR DELIVERY ALL SHARES, THE DEBENTURES AND CERTIFICATE OF ALL DEBENTURES STOCK ALLOTED OR TRANSFERRED:

I. 30 AND 15 DAYSII. 25 AND 50 DAYS

III. 90 AND 45 DAYSIV. 60 AND 30 DAYS

94. IF DEFAULT IS MADE IN COMPLYING WITH REQUIREMENT OF ABOVE SECTION; THE COMPANY AND EVERY OFFICER OF THE COMPANY WHO IS KNOWINGLY A PART TO DEFAULT SHALL BE LIABLE TO A FINE NOT EXCEEDING ___________ FOR EVERY DAY DURING WHICH DEFAULT CONTINUES:

I. 500II. 200

III. 100IV. NONE

95. A DUBLICATE OF CERTIFICATE OF SHARES, DEBENTURES OR DEBENTURES ISSUED SHALL BE ISSUED BY THE COMPANY WITH _________ FROM THE DATE OF APPLICATION IF THE ORIGINAL ____________:



96. IF THE COMPANY FOR ANY REASONABLE CAUSE IS UNABLE TO ISSUE DUPLICATE CERTIFICATE, IT SHALL NOTIFY THIS FACT, ALONGWITH THE REASONS WITHIN _________ FROM THE DATE OF APPLICATION, TO THE APLLICANT:



97. IF ANY DEFAULT IS MADE IN COMPLYING WITH REQUIREMENTS OF THIS SECTION, THE COMPANY AND EVERY OFFICER OF THE COMPANY WHO IS KNOWINGLY A PART TO THE DEFAULT SHALL BE LIABLE TO FINE NOT EXCEEDING:

I. 1000II. 1500

III. 200IV. 500

98. IF A COMPANY WITH INTENT TO DEFRAUD,RENEWS A CERTIFICATE, THE COMPANY SHALL BE PUNISHABLE WITH FINE WHICH MAY EXTEND TO:

I. 10,000II. 15,000

III. 20,000IV. 25,000

100. THE SENERIO ABOVE AND EVERY OFFICER OF THE COMPANY WHO IS IN DEFAULT SHALL BR PUNISHABLE WITH IMPRISONMENT FOR TERM WHICH MAY EXTEND TO:

I. 1 YEARII. 6 MONTHS

III. 2 YEARSIV. 5 YEARS

101. THE PUNISHMENT MADE ABOVE THE OFFICER OF COMPANY IN CASE OF DEFAULT/DEFRAUD TO ISSUE OR ISSUE A DUPLICATE THEREOF THE FINE WHICH MAY EXTEND TO 10 THOUSAND AND OR _________ OR BOTH:

I. PUNISMENTII. IMPRISONMENT

III. DEPORTIV. NONE

102. THE TRANSFER OF SHARES IS REGISTERED AND SHARES CERTIFICATE DULY TRANSFERRED IN THE FAVOUR OF THE TRANFREE IS ISSUED WITHIN:



103. TRANSFER DEED DULY EXECUTED AND SIGNED BY THE TRANDFEROR AND TRANSFEREE AND DULY WITNESSED ON THEIR BEHALF ARE DELIVERED ALONG WITH SHARE CERTIFICATES AT:

I. REGISTRAR OFFICEII. SECP

III. AT REGISTERED OFFICE OF COMPANYIV. NONE OF THE ABOVE

104. THE DELIVERY FEE FOR TRANSFER OF SHARE AND DEBENTURE CERTIFICATE BY:

I. COMPANYII. TRANSFEROR

III. TRANSFEREEIV. REGISTRAR

105. TRANSFER DEEDS ARE ACCEPTED AND TRANSFER IS RECORDED AT THE BACK OF THE SHARES-CERTIFICATE IN THE MEMORANDUM OF TRANSFER COLUMN AND ENTERED INTO THE REGISTER OF THE:

I. EMPLOYEES OF THE COMPANYII. DIRECTORS OF THE COMPANY

III. OFFICERS OF THE COMPANYIV. MEMBERS OF THE COMPANY

106. COMPANY SHALL NOT REGISTER A TRANSFER OF SHARES OR DEBENTURES UNLESS PROPER INSTRUMENT OF TRANSFER DULY:

I. WRITTEN & WITTNESSEDII. STAMPED

III. REGISTEREDIV. NONE

107. IN CASE OF A PUBLIC COMPANY, A FINANCIAL INSTITUTION DULY APPROVED BY THE _______ MAY BE APPOINTED AS THE TRANSFER AGENT ON BEHALF OF THE COMPANY:

I. REGISTRARII. DIRECTORS

III. COMMISSIONIV. MEMBERS

108. IF THE COMPANY MAKES DEFAULT IN COMPLYING WITH ANY OF THE PROVISIONS OF TRANSFER OF SHARES AND DEBENTURES IT SHALL LIABLE TO A FINE NOT EXCEEDING:

I. 1000II. 2000

III. 3000IV. 5000

109. THE PERIOD OF TRANSFER OF SHARES IN CASE OF CENTRAL DEPOSITORY:



110. THE DIRECTORS OF THE COMNPANY SHALL:

I. REFUSE TO TRANSFER ANY FULLY PAID SHARESII. SHALL NOT REFUSE ANY FULLY PAID SHARES

III. BOTH i) & ii)IV. NONE

111. THE COMPANY SHALL WITHIN _____________ FROM THE DATE ON WHICH THE INSTRUMENT OF TRANFER WAS LODGED WITH IT NOTIFY THE DEFECT OR INVALIDITY TO THE TRANSFREE



112. WHERE THE TRANFREE IS CENTRAL DEPOSITORY,WITHIN:



113. IF A COMPANY REFUSES TO REGISTER A TRANSFER OF ANY SHARES OR DEBENTURES, THE COMPANY SHALL, WITHIN _________ AFTER THE DATE ON WHICH THE INSTRUMENT OF TRANSFER WAS LODGED WITH THE COMPANY, SEND TO THE TRANSFREE NOTICE OF REFUSAL INDICATING REASONS FPR SUCH REFUSAL:



114. IF THE DEFAUL IS MADE, THE COMPANY AND EVERY OFFICER OF THE COMPANY WHO IS A PARTY TO DEFAULT SHALL BE LIABLE TO A FINE NOT EXCEEDING:

I. 2500II. 5000

III. 10000IV. 20000

115. A FURTHER FINE NOT EXCEEDING _________ RUPEES FOR EVERY DAY AFTER THE FIRST DURING WHICH DEFAULT CONTINUES:

I. 200II. 500

III. 100IV. 50

116. TRANSFER OF SHARES TO SUCCESSOR OR NOMINEE IS CALLED:

I. TRANMISSIONII. ALTERATION

III. NOMINATIONIV. NONE

117. THE LEGAL HEIR AND SUCCESSOR SHALL FURNISH THE FOLLOWING DOCUMENTS TO THE COMPANY FOR TRANSFER OF SHARES:

I. SHARES CERTIFICATE IN ORIGINALII. SHARE TRANFER DEED

III. DEATH CERTIFICATEIV. ALL OF THE ABOVE

118. THE COMPANY ON ITS SATISFACTION, SHALL TRANSFER THE SHARES IN RESPECT OF:

I. PROECESSORII. SUCCESSOR

III. BOTH IV. NONE

119. THE PERSON NOMIATED FOR THE TRANFER OF SHARES IS:

I. SON II. STEP-SON

III. ADOPTED-CHILDIV. ALL

120. A PERSON IN HIS LIFE CAN:

I. TRANSFER OR SHARE THE RIGHTA OF ITS MEMBERSHIPII. CAN’T SHARE THE RIGHTS OF MEMBERSHIP

III. AS THE CASE MAY BEIV. NONE

121. THE NOMINATION MADE AND DEPOSITED BEFORE THE DEATH OF THE MEMBER IN LIKE MENNER OR EXPRESSLY CAN BE:

I. CANCELLEDII. CHANGED

III. BOTH

IV. NONE

122. THE TRANSFER OF SHARES OR DEBENTURES OF A DECREASED MEMBER BY HIS NOMINEE OR LEGAL REPRESENTATIVE SHALL ALTHOUGH, HE IS NOT THE HIMSELF THE MEMBER BE AS:

I. VOIDII. VOIDABLE

III. VALIDIV. LEGAL OFFENCE

123. A TRANFER OF SHARES OR DEBENTURES OF A DECEASED PERSON BY HIS NOMINEE OR LEGAL REPRESENTATIVE SHALL, ALTHOUGH THE NOMINEE OR LEGAL REPRESENTATIVE IS NOT HIMSELF A MEMBER ,BE AS VALID IF HE HAD BEEN A MEMBER:

I. AT THE TIME OF SHARES OR DEBENTURES SUBCRIPTIONII. AT THE TIME OF FORMATION OF COMPANY

III. AT THE TIME OF EXECUTION OF THE INSTRUMENT TRANSFERIV. NONE

124. MAIN CONDITIONS FOR RIGHT ISSUE OF SHARES IS:

I. THEY ARE ISSUED TO DIRECTORSII. THEY ARE ISSUED TO PROMOTERS

III. THEY ARE ISSUED TO EXISTING SHARE HOLDER TO THEIR EXISTING SHARE HOLDINGIV. ALL OF THE ABOVE

125. THE ISSUE OF RIGHT SHARES SHALL BE MADE WITHIN:

I. UNLIMITED TIMEII. LIMITING TIME

III. 1 DAYIV. 1 WEEK

126. A PUBLIC COMPANY CAN RAISED FURTHER CAPITAL WITHOUT THE ISSUE OF RIGHT SHARES ON THE BASIS OF SPECIAL RESOLUTION IF THE COMPANY HAS GOT PERMISSION FROM:

I. PROVISIONAL GOVERNMENTII. SECP

III. DIRECTORSIV. FEDERAL GOVERNMENT

127. A PUBLIC COMPANY MAY RESERVE A CERTAIN PERCENTAGE OF SHARES/FURTHER ISSUE OF ITS EMPOLYEES UNDER:

I. COMPANY SCHEMEII. LABOUR SCHEME

III. EMPLOYEE STOCK OPTION SCHEMEIV. NONE

128. EMPLOYEE STOCK OPTION SCHEME SHOULD BE APPROVED BY:

I. PROVISIONAL GOVERNMENTII. COMMISSION

III. SECPIV. BOTH ii) & iii)

129. THE OFFER OF NEW SHARES SHALL BE STRICTLY IN PROPORTION TO:

I. NUMBER OF EXISTING SHARE HOLDERSII. NUMBER OF EXISTING DEBENTURE HOLDERS

III. NUMBER OF EXISTING SHARES HELDIV. NUMBER OF EXISTING DEBENTURES HELD

130. THE OFFER OF NEW SHARES SHALL BE ACCOMPANIED BY A CIRCULAR DULY SIGNED BY:

I. DIRECTORS OF THE COMPANYII. OFFICERS OF THE COMPANY

III. REGISTRARIV. BOTH ii) & i)

131. THE CIRCULAR PUBLISHED BY THE COMPANY FOR THE ISSUE OF RIGHT SHARES;IN THE FORM PRESCRIBED BY THE COMMISSION CONTAIN INFORMATION ON:

I. ABOUT THE AFFAIRS OF THE COMPANYII. LATEST STAEMENT OF THE ACCOUNTS

III. SETTING FORTH THE NECESSITY FOR THE ISSUE OF FURTHER SHAREIV. ALL OF THE ABOVE

132. A COPY OR CIRCULAR FOR ISSUE OF FURTHER SHARES DULY SIGNED BY DIRSCTORS OR ON AN OFFICER AUTHORISED SHALL BE FILED WITH _________ BEFORE CIECULAR IS SENT TO SHAREHOLDER:

I. COMMISSIONII. FEDERAL GAVERNMENT

III. PROVIONAL GOVERNMENTIV. REGISTRAR

133. THE CIRCULAR SHALL SPECIFY A DATE BY WHICH THE OFFICER, IF NOT ACCEPTED:

I. WILL BE DEEMED TO BE DECLINEDII. WILL NOT BE DEEMED TO BE DECLINED

III. THEY SHARES CAN BE ISSUED IN SUCH A MANNER AS THEY DEEM FITIV. BOTH i) & iii)

134. IF A COMPANY INTENDS TO HAVE DIFFERENT KINDS OF SHARE CAPITAL AND CLASSES OF SHARES THEREIN; IT SHALL SO SPECIFICALLY SO PROVIDE IN ITS:

I. MEMORANDUMII. ARTICLES

III. BOTH

IV. NONE

135. NO COMPANY SHALL ISSUE:

I. FULLY PAID SHARESII. QUARTERLY PAID SHARES

III. PARTLY PAID SHARES IV. ALL

136. IF A COMPANY HAS PARTLY PAID SHARES ON THE COMMENCEMENT OF THIS ORDINANCE, IT:

I. SHALL NOT FURTHER SHARE CAPITALII. ALL THE SHARES PREVIOUSLY ISSUED HAVE BECOME FULLY PAID UP

III. SHALL PAY DIVIDEND ONLY IN PROPORTION TO THE AMOUNT PAID ON EACH SHARESIV. ALL OF THE ABOVE

137. A COMPANY LIMITED BY SHARES;IF SO AYTHORISED BY ITS ARTICLES MAY ALTER THE CONDITIONS OF ITS:

I. ARTICLESII. RESOLUTIONS

III. AGMIV. MEMORANDUM

138. A COMPANY LIMITED BY SHARES; IF SO AUTHORISED BY ITS ARTICLES, MAY ALTER THE CONDITIONS OF ITS MEMORANDUN SO AS TO:

I. INCREASE ITS SHARE CAPITAL BY SUCH AMOUNT AS IT THINKS EXPEDIENTII. CONSOLIDATE AND DIVIDE THE WHOLE OR ANY PART OF ITS SHARE CAPITAL INTO

LARGER AMOUNTIII. SUB-DIVIDE ITS SHARE, OR ANY OF THEM INTO SMALLER AMOUNTIV. ALL OF THE ABOVE

139. IN THE EVENT OF CONSOLIDATION OR SUB DIVISION OF SHARES ,RIGHTS ATTACHING TO NEW SHARES SHALL BE STRICTLY PROPORTIONAL TO RIGHTS ATTACHING TO:

I. EXITING SHARESII. PREFERRED SHARES

III. PREVIOUS SHARESIV. BOTH i) & iii)

140. THE NEW SHARES ISSUED BY A COMPANY SHALL RANK __________ WITH EXISTING SHARES OF THE CLAS TO WHICH THE NEW SHARES BELONG TO ALL ITS MATTERS:

I. MODUS OPERENDIEII. BONAFIDE

III. PARI PASSUIV. NONE

141. THE COMPANY SHALL FILE WITH THE REGISTRAR NOTICE OF EXERCISE OF ANY POWER REFER TO POWER OF A COMPANY LIMITED BY SHARES TO ALTER ITS SHARE CAPITAL WITHIN __________ DAYS FROM THE EXERCISE THEREOF:



142. A COMPANY SHALL AS FROM THE DAYS ON WHICH IT BEGINS TO CARRY ON BUSSINESS OR AS FROM _______ DAY AFTER THE DATE OF ITS INCORPORATION, WHICHEVER IS EARLIER, HAVE A REGISTERED OFFICE:



143.IF THE COMPANY FAILS TO REQUIREMENTS GIVEN ABOVE IT SHALL AND EVERY OFFICER OF THE COMPANY WHO KNOWINGLY OR WILLFULLY AYTHORISES OR PERMITS THE DEFAULT SHALL LAIBLE TO A FINE NOT EXCEEDING ________ FOR EVERY DAY DURING WHICH SUCH COMPLIANCE CONTINUES:

I. 15000II. 10000

III. 200IV. 500

144. EVERY ___________ COMPANY SHALL POINT OR AFFIX AND KEEP PAINTED OR AFFIXED, ITS NAME ON THE OUTSIDE OF EVERY OFFICE OR PLACE IN WHICH ITS BUSINESS CARRIED ON, IN A CONSPICUOUS POSITION:

I. PUBLIC COMPANYII. PRIVATE COMPANY

III. LIMITED COMPANYIV. UNLIMITED COMPANY

145.THE NAME OF THE LIMITED COMPANY PAINTED OR AFFIXED SHOULD BE LEGIBLE AND IN:

I. ENGLISHII. URDU

III. BOTHIV. NONE

146. A LIMITED COMPANY SHALL HAVE ITS NAME ENGRAVEN IN LEGIBLE ENGLISH OR URDU CHARACTERS ON ITS:

I. SEALII. LETTERS

III. HUNDISIV. ALL OF THE ABOVE

147. A COMPANY OR OFFICER OF THE COMPANY WHO KNOWINGLY A PARTY MAKES DEFAULT IN COMLYING WITH THW REQUIREMENTS OF PUBLICATION OF AUTHORISED AS WELL AS PAID UP CAPITAL SHALL BE LIABLE TO A FINE WHICH MAY EXTEND TO

I. 10000II. 5000

III. 7000IV. 8000

148. A PUBLIC COMPANY SHALL NOT COMMENCE ANY BUSINESS UNLESS:

I. IT HAS RECEIVED MINIMUM SUBCRIPTION OF SHARESII. DIRECTORS OF THE COMPANY HAS PAID FULL AMOUNT OF SHARES TAKEN

III. IT HAS REPAID ALL MONEY TO APPLICANTS IN CSAE OF FAILUREIV. ALL OF THE ABOVE

149. IF A COMPANY SHALL NOT ISSUE PROSPECTUS INVITING THE PUBLIC TO SUBCRIBE FOR ITS SHARES, THERE HAS BEEN FILED WITH THE REGISTRAR A STATEMENT:

I. IN SUBSTITUTE OF PROSPECTUSII. FOR NOT DISCLOSING PROSPECTUS

III. IN LIEU OF PROSPECTUSIV. BOTH i) & iii)

150. IF THE COMPANY IS DOING OR BORROWING ULTRA VIRUS; EVERY PERSON OR OFFICER WHO IS RESPONSIBLE FOR CONTRAVENTION, SHALL WITHOUT PREJUDICE TO OTHER LIABILITIES BE LIABLE TO A FINE NOT EXCEEDING ________ FOR EVERY DAY DUARING WHICH THE CONTRAVENTION CONTINUES:

I. 5000II. 2000

III. 1000IV. 1500

151. THE SECTION 146 OF RESTRICTIONS ON COMMENCEMENT OF BUSINESS SHLL NOT APPLY TO:

I. PRIVATE COMPANYII. COMPANY LIMITED BY GAURANTEE

III. COMPANY NOT HAVING SHARE CAPITALIV. ALL OF THE ABOVE

152. EVERY COMPANY LIMITED BY SHARES AND EVERY COMPANY LIMITED BY GAYRANTEE AND HAVING A SHARE CAPITAL, WITHIN A PERIOD OF NOT LESS ________ FRON THE DATE AT WHICH COMPANY IS ENTITLES TO COMMENCE HOLD A GENERAL MEETING OF THE MEMBERS OF THE COMPANY:

I. 3 MONTHSII. 4 MONTHS

III. 5 MONTHSIV. 6 MONTHS

153. THE CASE ABOVE THE MAXIMUM PERIOD FOR HOLDING A GENERAL MEETING OF MEMBERS OF THE COMPANY:



154. THE GENERAL MEETING SHALL BE CALLED:

I. RESOLUTIONII. STATUTORY MEETING

III. BOTHIV. NONE

155. THE DIRECTORS SHALL, AT LEAST __________ BEFORE THE DATE ON WHICH MEETING IS HELD, FORWARD A REPORT, IN THIS ORDINANCE REFFERED AS THE STATUTORY REPORT TO EVER MEMBER:



156. THE STATUTORY REPORT SHALL BE CERTIFIED BY NOT LESS THAN:

I. 2 DIRECTORSII. 5 DIRECTORS

III. 3 DIRECTORSIV. 7 DIRECTORS

157. THE STATUTORY REPORT CERTIFIED BY THREE DIRECTORS, ONE OF WHOM SHALL BE:

I. OWNER OF THE COMPANYII. SHAREHOLDER OF THE COMPANY

III. CHIEF EXECUTIVE OF THE COMPANYIV. NONE

158. THE STATUTORY REPORT SHALL STATE:

I. TOTAL AMOUNT OF SHARESII. DISTINGUISHING SHARES ALLOTED OTHERWISE THAN IN CASH

III. TOTAL AMOUNT OF CASH RECEIVED BY THE COMPANY IN RESPECT OFF ALL SHARE ALLOTED

IV. ALL OF THE ABOVE

159. THE STATUTORY REPORT SHALL ALSO CONTAIN A BREIF ACCOUNT OF STATE OF COMPANIES AFFAIRS SINCE ITS:

I. INCORPORATIONII. COMMENCEMENT

III. BEGINNING DAY IV. NONE

160. THE DIRECTORS SHALL CAUSE AT LEAST ___________ COPIES OF STATUTORY REPORT, CERTIFIED AS AFORESAID TO BE DELIVERED TO THE REGISTRAR FOR REGISTRATION FORTHWITH AGTER SENDING THE REPORT TO THE MEMBERS OF THE COMPANY:

I. 5II. 6

III. 7IV. 15

161. THE RESOLUTION OF WHICH NOTICE HAS NOT BEEN GIVEN IN ACCORDANCE WITH THE ARTICLES MAY BE:

I. PASSED II. MAY NOT BE PASSED

III. AS THE CASE MAY OR MAY NOT BE PASSEDIV. ONLY I)

162. THE SECTION RELATING TO “STATUTORY MEETING OF COMPANY”IN THE EVENT OF DEFAULT IN COMLYING WITH THE PROVISIONS OF ANY OF THE SUB-SECTIONS;IF DEFAULT RELATES A LISTED COMPANYA FINE NOT LESS THAN _____________ AND NOT EXCEEDING _________:

I. 10000 --- 15000II. 10000 ---25000

III. 10000 ---20000IV. NONE

163. IN CASE OF CONTINUING DEFAULT TO FURTHER FINE NOT EXCEEDING _________ FOR EVERY DAY AFTER THE DURING WHICH DEFAULT CONTINUES:

I. 1000II. 5000

III. 2000IV. 3000

164. IF DEFAULTS RELATES TO OTHER THAN LISTED COMPANY, TO A FINE NOT EXCEEDING __________ RUPEES AND IN CASE OF CONTINUING DEFAULT TO FUTHER FINE NOT EXCEEDING __________ FOR EVERY DAY THE FIRST DURING WHICH DEFAULT COMTINUES:

I. 5000 ---300II. 5000 --- 100

III. 5000 --- 200IV. NONE

165. THE SECTION “STATUTORY MEETING OF THE COMPANY” SHALL NOT APPLY TO:


III. COMPANY LIMITED BY GAURANTEEIV. ALL

166. IF A PUBLIC IS CONVERTED INTO COMPANY LIMITED BY GAURANTEE THEN THIS SECTION SHALL:

I. NOT APPLYII. APPLY

III. SHALL OR NOT APPLY IV. NONE

167. IF A PUBLIC CONVERTS ITSELF FROM A PRIVATE AFTER ___________ YEAR OF INCORPORATION, THIS SECTION SHALL NOT APPLY:

I. 2YEARSII. 3 YEARS

III. 1 YEARIV. 5 YEARS

168. EVERY COMPANY SHALL HOLD, IN ADDITION TO ANY OTHER MEETING, A GENERAL MEETING AND ITS GENERAL MEETING, WITHIN ________ MONTHS FROM THE DATE OF ITS INCORPORATION:



169. ANNUAL GENERAL MEETING IN EVERY CALENDAR YEAR WITHIN A PERIOD OF _________ MONTH FOLLOWING THE CLOSE OF ITS FINANCIAL YEAR:

I. 5II. 3

III. 4IV. 7

170. THE MAXIMUM PERIOD AFTER THE HOLDING OF ITS LOST PREECEDING ANNUAL GENERAL MEETING IS:



171. IN CASE OF LISTED COMPANY;THE REGISTRAR MAY GIVE TIME IF NOT BEING THE FIRST SUCH MEETING HELD, SHALL BE HELD BY A PERIOD NOT EXCEEDING:



172. IN CASE OF LISTED COMPANY; AGM WILL BE HELD IN ATOWN IN WHICH:

I. COMPANY HAS FACTORYII. COMPANY IS WORKING

III. ITS REGISTERED OFFICE IS EXISTINGIV. BOTH I) & III)

173. THE NOTICE OF AGM, IN CASE OF ITS BEING DISPATCHED IN NORMAL COURSE, SHALL ALSO BE PUNISHED AT LEAST IN ONE ISSUE OF:

I. DAILY NEWSPAPER ENGLISHII. DAILY NEWSPAPER URDU

III. BOTHIV. NONE

174. THE PUBLICATION OF NOTICE OF AGM IN NEWSPAPERS,THESE NEWSPAPER HAVING CIRCULATION IN PROVINCE IN WHICH:

I. COMPANY HAS REGISTERED OFFICEII. COMPANY IS WORKING

III. BOD LIVESIV. THE STOCK EXCHANGE ON WHICH THE COMPANY IS LISTED

175. IF DEFAULT IS MADE IN COMLPLYING WITH THE REQUIREMENT OF ANNUAL GENERAL MEETING, IF THE DEFAULT RELATES TO LISTED COMPANY THE FINE:

I. >50,000 < =500,000II. >20,000 < 400,000

III. <50,000 > 500,000IV. >10,000 < 200,000

176. IN CASE OF CONTINUING DEFAULT A FURTHER FINE NOT EXCEEDING _________ FOR EVERY DAY AFTER THE FIRST DURING WHICH THE DEFAULT CONTINUES:

I. 5000II. 3000

III. 4000IV. 2000

177. IF DEFAULT RELATES TO ANOTHER COMPANY, TO A FINE _______:

I. 500,000II. 200,000

III. 100,000IV. NONE

178. IN CASE OF CONTINUING DEFAULT A FURTHER FINE NOT EXCEEDING ________FOR EVERY DAY AFTER THE FIRST DURING WHICH DEFAULT CONTIUES:

I. 700II. 900

III. 600IV. 500

179. ALL GENERAL MEETINGS OTHER THAN “ANNUAL GENERAL MEETING” AND “STATUTORY MEETING”ARE CALLED:

I. SPECIAL RESOLUTIONII. SPECIAL MEETINGS

III. ORDINARY MEETINGSIV. EXTRA ORDINARY MEETINGS

180. THE DIRECTORS MAY AT ANY TIME CALL AN EXTRA ORDINARY GENERAL MEETINGD; THE MINIMUM VOTING POWER OF MEMBERS TO PROCEED TO CALL AN EXTRA ORDINARY GENERAL MEETING:

I. 1/5II. 3/4

III. 1/10IV. NONE

181. IF THE DIRECTORS DO NOT PROCEED WITHIN 21 DAYS FROM THE DATE OF REQUISITION BEING SO DEPOSITED TO CAUSE A MEETING TO BE CALLED, THE REQUISITIONISTS MAY THEMSELVES CALL THE MEETING, BUT IN EITHER CASE ANY MEETING SO CALLED SHALL BE HELD WITHIN ______ FROM THE DATE OF DEPOSIT OF THE REQUISITION:



182. THE NOTICE OF EXTRA ORDINARY GENERAL MEETING SHALL BE SENT TO MEMBERS AT LEAST ______BEFORE THE DATE OF MEETING:



183. IN CASE OF DEFAULT;EVERY OFFICER WHO KNOWINGLY OR WILLFULLY FAILS TO COMPLY WITH ANY OF THE PROVISIONS OF THIS SECTION, IF THE DEFAULT RELATES TO A PUBLIC COMAPNBY,TO A FINE:

I. >10,000<=20,000II. >10,000<15,000

III. >5,000<10,000IV. >50,000<100,000

184. IN CASE OF CONTINUING DEFAULT TO FURTHER FINE WHICH MAY EXTEND TO ________ FOR EVERY DAY AFTER THE FIRST DURING WHICH DEFAULT CONTINUES:

I. 5,000II. 3,000

III. 2,000IV. 10,000

185. IF THE DEAFULT RELATES TO OTHER COMPANY; TO A FINE WHICH MAY EXTEND TO:

I. 6,000II. 5,000

III. 3,000IV. 2,000

186. IF THE DEFAULT CONTINUES, A FURTHER FINE WHICH MAY EXTEND TO __________ FOR EVERY DAY AFTER THE FIRST DURING WHICH THE DEFAULT CONTINUES:

I. 500II. 200

III. 300IV. 700

187. THE NOTICE OF MEETING SHALL SPECIFY:

I. THE PLACEII. THE DAY

III. AN HOUR OF THE MEETINGIV. STATEMENT OF BUSINESS TO BE TRANSACTED AT THE MEETING V. ALL OF THE ABOVE

188. THE NOTICE OF MEETING SHALL BE GIVEN:

I. EVERY MEMBER OF THE COMPANYII. TO ANY PERSON ENTITLED TO SHARES IN CONSEQUENCE OF DEATH OF A MEMBER

III. THE AUDITOR OR AUDITORS OF THE COMPANYIV. ALL OF THE ABOVE

189. THE QUORUM OF A GENERAL MEETING, IN CASE OF PUBLIC COMPANY:

I. 5 MEMBERS II. 15 MEMBERS

III. 20 MEMBERSIV. 10 MEMBERS

190. THE QUORUM OF A GENERAL MEETING IN CASE OF PUBLIC COMPANY, SHOULD BE 10 MEMBERS AND WHO REPRESENT NOT LESS THAN _______ OF THE TOTAL VOTING POWER:

I. 15%II. 20%

III. 25%IV. 50%

191. IN CASE OF (ANY OTHER) COMPANY, THE QUORUM SHOULD BE:



192. IN CASE OF ( ANY OTHER) COMPANY, THE QUORUM SHOULD BE 2 MEMBERS, WHO REPRESENT NOT LESS THAN ________ OF THE VOTING POWER:

I. 25%II. 15%

III. 35%IV. 20%

193. IN CASE OF SINGLE MEMBER COMPANY; THE REQUIREMENT FOR THE QUORUM SHOULD BE:


III. SINGLE MEMBERIV. NONE

194. THE MINIMUM TIME DURING WHICH IS QUORUM IS NOT PRESENT;THE MEETING,IF CALLED UPON THE REQUISITION OF THE MEMBERS, SHALL BE DISSOLVED

I. 45 MINUTESII. 20 MINUTES

III. 35 MINUTESIV. 30 MINUTES

195. IF AT ADJOURNED MEETING A QUORUM IS NOT PRESENT WITHIN HALF AN HOUR FROM THE TIME APPOINTED FOR THE MEETING;THE MEMBERS PRESENT BEING NOT LESS THAN ________ SHALL BE A QUORUM, UNLESS THE ARTICLES PROVIDE OTHERWISE:


III. 7 MEMBERS IV. 2 MEMBERS

196. WHO WILL BE PRESIDE AS CHAIRMAN AT EVERY GENERAL MEETING OF THE COMPANY:

I. REGISTRAR

II. OFFICER OF THE COMPANYIII. CHAIRMAN OF AGM IV. CHAIRMAN OF BOD

197. AT THE TIME OF VOTING WHICH SHARES SHALL , BE TAKEN INTO ACCOUNT:

I. FULLY PAID UPII. PARTIALLY PAID UP

III. FRACTIONAL SHARESIV. BOTH II) & III)

198. IN CASE OF COMPANY LIMITED BY GAURANTEE AND HAVING NO SHARE CAPITAL, EVERY MEMBER THEREOF SHALL HAVE:

I. 10 VOTESII. 5 VOTES

III. 3 VOTESIV. 1 VOTE

199. IN CASE OF ANY DEFAULT ,EVERY OFFICER WHO KNOWING OR WILLFULLY FAILS TO COMPLY WITH PROVISIONS AS TO MEETINGS AND VOTES, IN CASE OF LISTED COMPANY TO FINE WHICH MAT EXTEND TO___________ RUPEES:

I. 20,000II. 30,000

III. 50,000IV. 10,000

200. IN CASE OF CONTINUING DEFAULT TO AFURTHER FINE WHICH MAY EXTEND TO _______ FOR EVERY DAY AFTER THE FIRST DURING WHICH THE DEAFULT CONTINUES:

I. 5,000II. 3,000

III. 2,000IV. NONE

201. IF THE DEAFULT RELATES TO ANY OTHER COMPANY, TO AFINE NOT EXCEEDING ________ RUPEES:

I. 15,000II. 10,000

III. 5,000IV. 1,000

202. IN CASE OF CONTINUING DEFAULT TO A FURTHER FINE WHICH MAY EXTEND TO _______ RIPEES FOR EVERY DAY AFTER THE FIRST DURING WHICH DEFAULT CONTINUES:

I. 500II. 200

III. 100

IV. 1,000

203. PROXIES CAN’T BE APPOINTED IN CASE OF COMPANY:

I. LIMITED BY GAURANTEEII. LISTED COMPANY

III. COMPANY NOT HAVING SHARE CAPITALIV. NONE

204. IF A MEMBER APPOINTS MORE THAN ONE PROXIES THEN THIS IS:

I. VOIDII. VOIDABLE

III. VOID AB INITIOIV. INVALID

205. A PROXY MUST BE A ____ UNLESS THE ARTICLES OF THE COMPANY PERMITS APPOINTMENT OF A NON-MEMBER AS PROXY:

DIRECTOR

I. AUDITORII. SHAREHOLDER

III. MEMBERIV. BOTH III) & IV)

206. THE PROXIES SHALL BE LODGED WITH THE COMPANY NOT LATER THAN ______BEFORE THE TIME OF MEETING:

I. 24 HOURSII. 48 HOURS

III. 12 HOURSIV. NONE

207. IF THE PROXIES SHALL,SENT WITHIN 48 HOURS TO THE COMPANY; THE PROVISIONS CONTRARY TO THE ARTICLES OF THE COMPANY SHALL BE:

I. VALIDII. VOID

III. VOIDALBEIV. BOTH II)& III)

208. IN CASE OF FAILURE TO THE PROVISIONS OF THIS SECTION; IN CASE OF LISTED COMPNY A FINE WHICH MAY EXTEND TO:

I. 3,000II. 4,000

III. 5,000IV. 6,000

209. IN CASE OF ANY OTHER COMPANY A FINE WHICH MAY EXTEND TO _______ RUPEES

I. 3,000II. 4,000

III. 3,000IV. 2,000

210. IN SHOW OF HANDS, EVERY MEMBER HAS ONE VOTE AND PROXY:

I. IS COUNTEDII. IS NOT COUNTED

III. ONLY I)IV. BOTH I) & II)

211. IN CASE OF POLL; VOTE IS COSTED AGIANST:

I. DEBENTURESII. SECURITIES

III. SHARESIV. NONE

212. IN CASE OF POLL DEMAND; EVEN PROXY:

I. IS NOT ALLOWED II. IS ALLOWED

III. ONLY I)IV. NONE

213. BEFORE OR ON THE DECLARATION OF THE RESULT OF VOTING ON ANY RESOLUTION ON A SHOW OF HAND, ADEMAND FOR POLL CAN BE MADE; IF IN CASE OF PUBLIC COMPANY, BY AT LEAST ____________ MEMBERS HAVING THE RIGHT TO VOTE ON THRE RESOLUTION AND PRESENT IN PERSON OR BY PROXY:



214. IN CASE OF PRIVATE COMPANY; A DEMAND FOR POLL CAN BE MADE BY:


III. 1 MEMBERIV. 7 MEMBERS

215. IF NOT MORE THAN SEVEN SUCH MEMBERS ARE PERSONALLY PRESENT AND BY ________ SUCH MEMBERS PRESENT IN PERSON OR BY PROXY IF MORE THAN SEVEN SUCH MEMBERS ARE PERSONALLY PRESENT:

I. 5II. 3

III. 4IV. 2

216. A DEMAND FOR POLL CAN BE MADE BY ANY MEMBER OR MEMBERS PRESENT IN PERSON OR BY PROXY AND HAVING NOT LESS THAN _________ OF THE TOTAL VOTING POWER IN RESPECT OF RESOLUTION:

I. 3/4 THII. 5/10 TH

III. 2/10 THIV. 1/10 TH

217. A POLL DEMAND ON THE ELECTION OF A CHAIRMAN OR ON THE QUESTION OF ADJOURNMENT SHALL BE TAKEN FORTHWITH AND A POLL DEMANDED ON ANY OTHER QUESTION SHALL BE TAKEN AT SUCH TIME, NOT MORE THAN __________ DAYS FROM THE DAY ON WHICH IT IS DEMANDED, AS THE CHAIRMAN OF THE MEETING MAY DIRECT:



218. A COPY OF THE MINUTES OF MEETING OF THE BOARD

OF DIRECTORS SHALL BE FURNISHED TO EVERY DIRECTOR WITHIN ________ DAYS OF THE DATE OF MEETING



219. THE BOOKS CONTAINING THE MINUTES OF PROCEEDINGS OF THE GENERAL MEETINGS OF A COMPANY AND THOSE OF THE MEETINGS OF THE DIRECTORS AND COMMITTEE OF DIRECTORS SHALL BE KEPT AT THE REGISTERED:

I. OFFICE OF THE SECPII. STOCK EXCHANGE

III. OFFICE OF THE COMPANYIV. NONE

220. IN THE EVENT OF FALIURE EVERY OFFICER OF THE COMPANY WHO KNOWINGLY OR WILLFULLY IN DEFAULT SHALL BE LIABLE TO A FINE WHICH MAY EXTEND TO:

I. 3,000II. 5,000

III. 7,000IV. 3,500

221. A FURTHER FINE WHICH MAY EXTEND TO ________ RUPEES FOR EVERY DY AFTER THE FIRST DAY DURING WHICH FAILURE CONTINUES:

I. 500II. 300

III. 200IV. 100

222. THE MINUTES OF THE GENERAL MEETINGS CAN BE INSPECTED BY THE MEMBERS DURING THE BUSSNIESS HOURS, SUBJECT TO SUCH REASONBALE RESTRICTIONS AS THE COMPANY MAY BY ITS ARTICLES OR IN GENERAL MEETING IMPOSE SO THAT NOT LESS THAN ________ HOURS IN EACH DAYS BE ALLOWED FOR INSPECTIONS:

I. 5 HOURSII. 3 HOURS

III. 2 HOURSIV. 7 HOURS

223. ANY MEMBER SHALL AT ANY TIME AFTER SEVEN DAYS FROM THE MEETING BE ENTITLED TO BE FURNISHED, WITHIN __________ DAYS IN THAT BEHALF TO THE COMPANY, WITH A CERTIFIED COPY OF THE MINUTES OF ANY GENERAL MEETINGS AT SUCH CHARGENOT ERXCEEDING THE PRTESCRIBED AMOUNT AS MAY BE FIXED BY THE COMPANY:

I. 5 DAYSII. 6 DAYS

III. 3 DAYSIV. 1 WEEK

224. IN CASE DEFAULT OF THE PROVISIONS DESCRIBEDABOVE IN (223 & (224), EVER OFFICER OF THE COMPANYWHO IS KNOWINGLY OR WILLFULLY IN DEFAULT SHALL BE LIABLE IN RESPECT OF EACH OFFENCE TO A FINE WHICH MAY EXTEND TO:

I. 2,000II. 3,000

III. 1,000IV. NONE

225. IN CASE OF CONTINUING DEFAULT TO A FURTHER FINE WHICH MAY EXTEND TO __________FOR EVERY DAY AFTER THE FIRST DAY DURING WHICH THE DEFAULT CONTINUES:

I. 20II. 50

III. 100IV. 150

226. MINIMUM NUMBER OF DIRECTORS, IN CASE OF LISTED PUBLIC COMPANY:

I. 5II. 3

III. 2IV. 7

227. IN CASE OF PRIVATE COMPANY

I. 7II. 4

III. 2IV. NONE

228. FOR UNLISTED PUBLIC COMPANY:

I. 5II. 7

III. 3IV. 1

229. SINGLE MEMBER COMPANY:

I. 7II. 2

III. 1IV. 3

230. IF THE DIRECTORS ARE NOT APPOINTED BY VIRTUE OF ARTICLES, WHO ELECT THE DIRECTORS:

I. REGISTRARII. PROMOTERS

III. SUBCRIBERIV. OWNERS

231. SUBSCRIBERS ELECT THE DIRECTORS WITHIN ____ DAYS FROM THE DATE OF INCORPORATION:


III. 15 DAYSIV. NONE

232. FIRST DIRCTORS HOLD THE OFFICE UPTILL THE HOLDING OF ____________ AND TAKING OVER THE OFFICER BY THE NEXT BOARD OF DIRECTORS:

I. EOGMII. SPECIAL RESOLUTION

III. GENERAL MEETINGIV. FIRST AGM

233. THE DIRECTORS OF A COMPANY SHALL SUBJECT TO SECTION 174,FIX THE NUMBER OF ELECTED DIRECTORS NOT LATER THAN __________ BEFORE CONVENING OF GENERAL MEETING AT WHICH DIRECTORS ARE TO BE ELECTED:



234. ANY PERSON WHO SEEKS TO CONTEST AN ELECTION TO THE OFFICE OF DIRECTORS SHALL, WHETHER HE IS RETIRING DIRECTORS OR OTHERWISE, FILE WITH THE COMPANY NO LATER THAN __________ BEFORE THE DATE OF MEETING AT WHICH ELECTIONS ARE TO BE HALD:



235. ALL NOTICES RECEIVED BY THE COMPANY IN PURSUANCE OF ABOVE SUB-SECTION SHALL BE TRANSMITTED TO THE MEMBERS NOT LATER THAN _________ BEFORE THE DATE OF THE MEETING:



236. NO PERSON SHALL BE APPOINTED OR NOMINATED AS A DIRECTOR OR CHIEF EXECUTIVE OF COMPANY OR REPRESENT AS HOLDING SUCH OFFICE UNLESS SUCH PERSON OR SUCH OTHER PERSON HAS GIVEN:

I. APPOINTED LETTERII. HIS CONSENT IN WRITING FOR SUCH APPOINTMENT

III. BOTHIV. NONE

237. WITHIN ___ DAYS FROEM THE DATE OF APPOINTMENT A NOMINATION, AS THE CASE MAY BE, THE COMPANY SHALL FILE WITH THE REGISTRAR A LIST OF PERSONS WHO HAVE CONSENTED TO ACT AS DIRECTOR OR CHIEF EXECUTIVE OF THE COMPANY ALONG WITH THE CONSENT TO DO SO IN THE PERSCRIBED FORM:


III. 14 DAYSIV. NONE

238. NO PERSON SHALL BE APPOINTED AS A DIRECTOR OF A COMPANY IF HE:

I. MINOR

II. OF UNSOUND MINDIII. INSOLVENTIV. ALL

239. IF A PERSON HAS BEEN CONVICTED BY A COURT OF LAW FOR AN OFFENCE INVOLVING MORAL TURPITUDE; HE CAN’T BE:

I. CHIEF EXECUTIVEII. OFFICER OF THE COMPANY

III. DIRECTORIV. NONE

240. IF A PERSON HAS BETRAYED LACK OF FUDICIARY BEHAVIOUR AND A DECLARATION TO THIS EFFECT HAS BEEN MADE BY COURT AT ANY TIME DURING THE PRECEEDING FIVE YEARS, HE SHALL NOT BE APPOINTED AS:

I. OFFICER OF THE COMPANYII. REGISTRAR OF THE COMPANY

III. SECRETARY OF THE COMPANYIV. DIRECTOR OF THE COMPANY

241. A DIRCTOE SHALL ISPSO FACTO CEASE TO HLD OFFICE IF:

I. HE BECOMES INELIGIBLE TO APPOINTED A DIRECTOR II. HE ABSENTS HIMSELF FROM THREE CONSECUTIVE MEETINGS OF DIRECTORS

III. HE ABSENTS FROM ALL THE MEETINGS OF DIRECTORS FOR A CONTINUES PERIOD OF THREE MONTHS

IV. ALL OF THE ABOVE

242. EVERY COMPNAY, SHALL HAVE A CHIEF EXECUTIVE EXCEPT OTHER THAN A COMPANY:

I. MANAGED BY A MANAGING AGENTII. MANAGED BY A PROFESSIONAL BODY

III. MANGED BY DIRECTORSIV. NONE

243. THE DIRECTOR OF EVERY COMPANY SHALL AS FROM THE DATE FROM WHICH IT COMMENCES BUSINESS OR AS FROM A DATE NOT LATER THAN THE _______ AFTER THE DATE OF INCORPORATION:



244. WITHIN _______ DAYS FROM THE DATE OF ELECTION OF DIRECTORS OR THE OFFICE OF THE CHIEF EXECUTIVE FALLING VACANT AS THE CASE MAY BE, THE DIRECTORS OF THE COMPANY SHALL APPOINT ANY PERSON INCLUDING AN ELECTOR DIRECTOR, TO BE THE CHIEF EXECUTIVE:

I. 28 DAYS


245. THE APPOINTMENT OF THE CHIEF EXECUTIVE SHALL NOT BE FOR A PERIOD EXCEEDING _________ YEARS FROM THE DATE OF APPOINTMENT:

I. 5 YEARSII. 3 YEARS

III. 4 YEARSIV. 9 YEARS

246. THE CHIEF EXECUTIVE SHALL, IF HE IS NOT ALREADY A DIRECTOR OF THE COMPANY, BE DEEMED TO BE ITS __________ AND BE ENTITLED TO ALL RIGHTS AND PRIVILEGES, AND SUBJECT TO ALL THE LIABILITIES, OF THAT OFFICE:

I. SECRETARYII. OFFICER

III. DIRECTORIV. BOTH I) & III)

247. THE DIRECTORS OF ACOMPANY BY RESOLUTION PASSED BY NOT LESS THAN __________ OF THE TOTAL NUMBER OF DIRECTORS FOR THE TIME BEING OR THE COMPANY BY A SPECIAL RESOLUTION, MAY REMOVE A CHIEF EXECUTIVE BEFORE THE EXPIRATION OF HIS TERM OF OFFICE:

I. 1/10II. 3/4

III. 1/2IV. NONE

248. A CHIEF EXECUTIVE OF _________ COMPANY SHALL NOT DIRECTLY OR INDIRECTLY ENGAGE IN ANY BUSINESS WHICH IS OF SAME NATURE AND DIRECTLY COMPLETES WITH THE BUSINESS CARRIED ON BY THE COMPANY OF WHICH HE IS CHIEF EXECUTIVE OR BY A SUBSIDARY OF SUCH A COMPANY:

I. HOLDING COMPANYII. SUBSIDARY COMPANY

III. PUBLIC COMPANY IV. PRIVATE COMPANY

249. EVERY PERSON SHALL (INCLUDING DIRECTORS, OFFICERS,CHIEF EXECUTIVE,MANAGING AGENT SECRETARY,CHIEF ACCOUNTANT,AUDITORS AND LEGAL ADVISOR) SHALL WITHIN A PERIOD OF _________ DAYS OF HIS APPOINTMENT OR ANY CHANGE THERIN, AS THE CASE MAY BE, FURNISHED TO THE COMPANY THE PARTICULARS(REGISTER OF DIRECTORS,OFFICERS,ETC)



250. THE PERIOD WITHIN WHICH THE COMPANY SHALL FILE WITH REGISTRAR A RETURN IN DUPLICATE IS TO FILED WITH THE REGITRAR SHALL BE A PERIOD OF ___________FROM THE DATE OF INCORPORATION:



251. IF DEFAULT IS MADE IN COMPLYING WITH ABOVE SECTION, THE COMPANY AND EVERY OFFICER OF THE COMPANY OR OTHER PERSON WHO IS KNOWINGLY AND WILLFULLY IN DEFAULT SHALL BE LIABLE TO A FINE WHICH MAY EXTEND TO:

I. 3,000II. 5,000

III. 4,000IV. 2,000

252. IN CASE OF CONTINUING DEFAULT, TO A FURTHER FINE WHICH MAY EXTEND TO _______ FOR EVERY DAY AFTER THE FIRST DURING WHICH DEFAULT CONTINUES:

I. 100II. 200

III. 30IV. 50

253. NO DIRECTOR, CHIEF EXECUTIVE, MANAGING AGENT, CHIEF ACCOUNTANT,SECRETARY OR AUDITOR OF A LISTED COMPANY & NO PERSON WHO IS DIRECTLY OR INDIRECTLY THE BENEFICIL OWNER OF NOT LESS THAN _________ PERCENT OF LISTED EQUITY SECURITIES OF SUCH COMPANY, SHALL PRACTICE DIRECTLY OR INDIRECTLY SHAORT SELLING SUCH SECURITIES:

I. 5II. 15

III. 10IV. 20

254. WHERE ANY DIRECTOR, CHIEF EXECUTIVE, MANAGING AGENT, CHIEF ACCOUNTANT, SECRETARY OR AUDITOR OF A LISTED COMPANY OR ANY PERSON WHO IS DIRECTLY OR INDIRECTLY THE BENEFICIAL OWNWE OF MORE THAN _______ % OF LISTED SECURITIES MAKES ANY GAIN BY THE PURCHASE AND SALE OR SALE AND PURCHASE:

I. 5II. 10

III. 15IV. 20

255. THE PURCHASE & SALE OR SALE & PURCHASE, OF ANY SUCH SECURITY WITHIN PERIOD OF LESS:



256. THE RESPONSIBLE PERSON (WHO SELL OR PURCHASE SECURITIES) SHALL MAKE A REPORT AND TENDER THE AMOUNT OF SUCH GAIN TO COMPANY AND SIMUTANEOUSLY SEND AN INTIMATION TO THIS EFFECT TO THE REGISTRAR:

I. DIRECTORSII. SECP

III. COMMISSIONIV. BOTH II) & III)

257. A PERSON WHO KNOWINGLY OR WILLFULLY CONTRAVENES OR OTHERWISE FAIL TO COMPLY WUTH THE PROVISIONS OF THIS SECTION SHALL BE LIABLE TO FINE WHICH MAY EXTEND TO:

I. 10,000II. 20,000

III. 30,000IV. 50,000

258. IN CASE OF CONTINUING DEFAULT TO A FURTHER FINE WHICH MAY EXTEND TO ________ FOR EVERY DAY AFTER THE FIRST DURING WHICH SUCH DEFAULT CONTINUES:

I. 2,000II. 3,000

III. 1,500IV. 1,000

259. IF AN OFFICER OR OTHER AGENT OF A COMPANY OTHER THAN ___________ ENTERS INTO A CONTRACT FOR ON THE BEHALF OF COMPANY:


III. HOLDING COMPANYIV. NONE

260. IF IN THE CONTRACT THE COMPANY IS AN UNDISCLOSED PRINCIPAL SHALL, AT THE TIME OF ENTERING INTO THE CONTRACT, MAKE A ___________ IN WRITING OF TERMS OF THE CONTRACT AND SPECIPY THEREIN THE PAERSON WITH WHICH IT HAS BEEN MADE:

I. ARTICLES II. POLICY

III. MEMORANDUM IV. LAW

261. IF ANY SUCH OFFICER OR OTHER AGENT MAKES DEFAUL IN COMPLYING WITH THE REQUIREMENTS OF THIS SECTION, THE CONTRACT SHALL, AT THE OPTION THE COMPANY BE _________ AS AGAINST COMPANY:

I. VALIDII. VOIDABLE

III. VOIDIV. NONE

262. SUCH OFFICER OR OTHER AGENT SHALL BE LIABLE TO A FINE NOT EXCEEDING:

I. 3,000II. 5,000

III. 4,000IV. 2,000

263. THE DIRECTORS OF EVERY COMPANY SHALL AT SOME DATE NOT LATER THAN __________ AFTER THE INCORPORATION OF THE COMPANY AND SUBSEQUENTLY ONCE AT LEAST IN EVERY CALENDAR YEAR LAY BEFORE THE COUNTRY:



264. IN CASE OF THE FIRST ACCOUNT FOR THE PERIOD SINCE THE INCORPORATION OF THE COMPANY AND IN ANY OTHER SINCE THE PRECEEDING ACCOUNT, MADE UP TO DATE NOT EARLIER THAN THE DATE OF THE MEETING BY MORE THAN ____________ MONTHS:

I. 5II. 3

III. 4IV. NONE

265. IN CASE OF A LISTED COMPANY THE COMMISSION AND N ANY OTHER CASE THE REGISTRAR MAY, FOR ANY SPECIAL REASON, EXTEND THE PERIOD FOR A TERM NOT EXCEEDING _______ MONTHS

I. 1 II. 2

III. 3IV. 6

266. THE PERIOD TO WHICH THE ACCOUNT AFORESAID RELTE SHALL NOT EXCEED ___________ MONTHS EXCEPT WHERE SPECIAL PERMISSION HAS BEEN GRANTED IN THE BEHALF OF THE REGISTRAR:


III. 9 MONTHS

IV. 12 MONTHS

267. THE COPIES OF “FINANCIAL REPORT” & AUDIT REPOT SHAOULD BE SEND TO EVERY MEMBERS OF THE COMPANY AT LEAST __________ DAYS BEFORE MEETING AT WHICH IT IS TO BE LAID BEFORE THE MEMBERS OF THE COMPANY:



268. THE LISTED COMPANY SHOULD SIMULTANEOUSLY WITH THE DISPATH OF REPORTS TO THE MEMBERS SEND _________ COPIES EACH OF TO THE COMMISION, THE STOCK EXCHANGE & REGISTRAR:

I. 7II. 3

III. 5IV. NONE

Multiple Choice Questions---Companies Ordinance 1984/ Corporate Law/ Company Law for ACMA (ICMAP) &...

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Transcript of Multiple Choice Questions---Companies Ordinance 1984/ Corporate Law/ Company Law for ACMA (ICMAP) &...