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We are sharing with you CA Final Paper 4 Corporate and Economic Laws MCQs of May 2022 Exams.

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CA Final Law Memory Based MCQs of May 2022 Exams Pdf

CA Final Law MCQs of May 2022 Exams Pdf

CA Final Law MCQs May’22 Exams – MCQs paper

1) para 2:-Raj Ltd decided to terminate gaurav and filed an application to tribunal on 20-03-2022, company didn’t receive approval from tribunal till 05-04-2022.Raj Ltd terminated services on 06-04-2022

Termination of Gaurav valid as per sec 218
a) No, 30 days
b) No, 60 days
c) yes, 15 days over
d) yes, no approval needed

2) Which statement is true
A) yes, relief amount to opportunity and mismanagement
B) No, relief not amount to opportunity and mismanagement on bonafide law
C)No, relief not amount to opportunity and mismanagement on malafide law
D)yes, relief amount to opportunity but not mismanagement

3) Requisite members as per sec 213
A)Min 100 or holding not less than 1/10 th of voting power which ever is higher
B)Min 100 or holding not less than 1/10 th of voting power
C)Min 1/5th of persons or company register of members
D)Min 1/10th of persons or company register of members

4) Incase of vacancy in the board which shall invalidate the proceedings of SEBI
A)Any irregularity in any procedure of board
B)any punishment validly imposed
C)any defect in constitution of board
D) defect in appointment of any person or member

5) Penalty as per 28A SEBI
A) attachment and sale of immovable property only
B) attachment of bank accounts only
C) attachment and sale of immovable property or attachment of bank accounts
D)attachment and sale of immovable property or attachment of bank accounts or detention in prison

6) Cess to State government 50000/- out of which 10000/- was payable in 12 months. Identify cess paid in priority to all other debts
A)50000
B)10000
C)25000
D)30000

7) Foreign company failed to comply xxii of companies act, which one is correct?
A) affect validity
B) entitled to bring any suit even without compliance
C) not entitled to bring any suit untill it has complied
D) not entitled to bring any suit, even after it has complied

8) within how many years tribunal may ammend the order, if mistake is brought to it’s notice by parties sec 420
A)7
B)5
C)2
D)1

9) Mediation and conciliation pannel maintained by Pannel of experts sec 442
A) Central government
B) supreme court
C) High court
D) appellate tribunal

10) company shifted it’s registered office from Tamil Nadu to Kerala on 1st February, company made application to register of companies on 28th February to Remove company name
A) company can make application on 28th February
B) cannot make application once registered office is changed from one State to other
C) cannot make application on 28 th February, application can be made only after 3 months
D) cannot make application on 28 th February, application can be made only after 6 months

11)who is empowered to designate the court of session as special court for trail of offense
A) Central government with the concurrence of chief justice of supreme court
B) High court with the concurrence of chief justice of supreme court
C) Central government with the concurrence of chief justice of session court
D) Central government with the concurrence of chief justice of high court

12) Default in filing financial statements and annual returns for continuous period of 4 years
A) Central government will accord sanction as made default for 4 years
B) Central government will not accord sanction as company not made default for 5 continuous financial years
C) Central government will accord sanction as company made default for 3 continuous financial years
D) Central government will not accord sanction as company not made default for 7 financial years

13) Appointment of valuer for valuation of immovable property
A) Audit comittee or in its absence board of directors
B) Audit comittee only
C) board of directors only
D) board of directors or audit committee

14) Nidhi company 7.5%ROI on fixed deposits and recurring deposit, 5% on savings, interest on loans?
A)15%
B)12.5%
C)18%
D)24%

15) commission payment as per FEMA
A)may pay commission without limit
B)cannot pay commission
C)may pay 41,667
D) should pay 83333

16) Terms not included in relation to reciprocal arrangements,PMLA
A) enforcement
B) prevention of offense
C) exchange history of persons
D) exchange information to prevent offense

17) loan provided under foreign company registration act
A)not permitted as loan provided by individual resident outside India
B)not permitted as loan obtained by partnership firm
C) not permitted as loan amount exceed limit (USD 1,00,000)
D) permitted as loan obtained by partnership firm

18) not correct as per arbitration agreement
A) arbitration agreement may be in the form of arbitration clause in contract
B) arbitration agreement may be in the form of separate agreement
C) arbitration agreement shall be in writing
D) arbitration agreement need not be in writing

19) which of the following act of adjudicating authority shall be valid
A) first dispose application of smart private limited (corporate debtor)
B) first dispose application of financial creditor
C) dismiss both application and direct corporate debtor to file fresh application
D) dismiss both and refer dispute to arbitration

20) Identify listed entities constitute RM comittee
A)100 (financial year)
B)1000 (financial year)
C)500 (financial year)
D)100(calendar year)

21)

A) minimum 5, all are independent and financial literate having accounting and financial management expertise

B)minimum 3, all are independent and financial literate having accounting and financial management expertise

C)minimum 3, 2/3 rd are independent and all are financial literate atleast one having accounting and financial management expertise

D)minimum 3, 1/3 rd are independent and all are financial literate atleast one having accounting and financial management expertise

22)

A) eligible as independent director, no direct pecuniary interest
B)not eligible as independent director, indirect pecuniary interest
C)eligible as independent director, no direct or indirect pecuniary interest
D) eligible as women director not as independent director

23) retiring directors at AGM
A)3
B)2
C)4
D)1

#lawmcq2_M22

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