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<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p>We are sharing with you CA Final Paper 4 Corporate and Economic Laws MCQs of May 2022 Exams.</p></blockquote>



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<p class="wp-block-paragraph">CA Final Law Memory Based MCQs of May 2022 Exams Pdf </p>



<p class="wp-block-paragraph"> CA Final Law MCQs of May 2022 Exams Pdf </p>



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<p class="wp-block-paragraph"><strong>CA Final Law MCQs May&#8217;22 Exams &#8211; MCQs paper</strong></p>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph">1)<strong> para 2:-Raj Ltd decided to terminate gaurav and filed an application to tribunal on 20-03-2022, company didn&#8217;t receive approval from tribunal till 05-04-2022.Raj Ltd terminated services on 06-04-2022</strong> </p>



<p class="wp-block-paragraph"><strong>Termination of Gaurav valid as per sec 218</strong><br>a) No, 30 days<br>b) No, 60 days<br>c) yes, 15 days over<br>d) yes, no approval needed</p>



<p class="wp-block-paragraph"><strong>2) Which statement is true</strong><br>A) yes, relief amount to opportunity and mismanagement<br>B) No, relief not amount to opportunity and mismanagement on bonafide law<br>C)No, relief not amount to opportunity and mismanagement on malafide law<br>D)yes, relief amount to opportunity but not mismanagement</p>



<p class="wp-block-paragraph"><strong>3) Requisite members as per sec 213</strong><br>A)Min 100 or holding not less than 1/10 th of voting power which ever is higher<br>B)Min 100 or holding not less than 1/10 th of voting power<br>C)Min 1/5th of persons or company register of members<br>D)Min 1/10th of persons or company register of members</p>



<p class="wp-block-paragraph"><strong>4) Incase of vacancy in the board which shall invalidate the proceedings of SEBI</strong><br>A)Any irregularity in any procedure of board<br>B)any punishment validly imposed<br>C)any defect in constitution of board<br>D) defect in appointment of any person or member</p>



<p class="wp-block-paragraph"><strong>5) Penalty as per 28A SEBI</strong><br>A) attachment and sale of immovable property only<br>B) attachment of bank accounts only<br>C) attachment and sale of immovable property or attachment of bank accounts<br>D)attachment and sale of immovable property or attachment of bank accounts or detention in prison</p>



<p class="wp-block-paragraph"><strong>6) Cess to State government 50000/- out of which 10000/- was payable in 12 months. Identify cess paid in priority to all other debts</strong><br>A)50000<br>B)10000<br>C)25000<br>D)30000</p>



<p class="wp-block-paragraph"><strong>7) Foreign company failed to comply xxii of companies act, which one is correct?</strong><br>A) affect validity<br>B) entitled to bring any suit even without compliance<br>C) not entitled to bring any suit untill it has complied<br>D) not entitled to bring any suit, even after it has complied</p>



<p class="wp-block-paragraph"><strong>8) within how many years tribunal may ammend the order, if mistake is brought to it&#8217;s notice by parties sec 420</strong><br>A)7<br>B)5<br>C)2<br>D)1</p>



<p class="wp-block-paragraph"><strong>9) Mediation and conciliation pannel maintained by Pannel of experts sec 442</strong><br>A) Central government<br>B) supreme court<br>C) High court<br>D) appellate tribunal</p>



<p class="wp-block-paragraph"><strong>10) company shifted it&#8217;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</strong><br>A) company can make application on 28th February<br>B) cannot make application once registered office is changed from one State to other<br>C) cannot make application on 28 th February, application can be made only after 3 months<br>D) cannot make application on 28 th February, application can be made only after 6 months</p>



<p class="wp-block-paragraph"><strong>11)who is empowered to designate the court of session as special court for trail of offense</strong><br>A) Central government with the concurrence of chief justice of supreme court<br>B) High court with the concurrence of chief justice of supreme court<br>C) Central government with the concurrence of chief justice of session court<br>D) Central government with the concurrence of chief justice of high court</p>



<p class="wp-block-paragraph"><strong>12) Default in filing financial statements and annual returns for continuous period of 4 years</strong><br>A) Central government will accord sanction as made default for 4 years<br>B) Central government will not accord sanction as company not made default for 5 continuous financial years<br>C) Central government will accord sanction as company made default for 3 continuous financial years<br>D) Central government will not accord sanction as company not made default for 7 financial years</p>



<p class="wp-block-paragraph"><strong>13) Appointment of valuer for valuation of immovable property</strong><br>A) Audit comittee or in its absence board of directors<br>B) Audit comittee only<br>C) board of directors only<br>D) board of directors or audit committee</p>



<p class="wp-block-paragraph"><strong>14) Nidhi company 7.5%ROI on fixed deposits and recurring deposit, 5% on savings, interest on loans?</strong><br>A)15%<br>B)12.5%<br>C)18%<br>D)24%</p>



<p class="wp-block-paragraph"><strong>15) commission payment as per FEMA</strong><br>A)may pay commission without limit<br>B)cannot pay commission<br>C)may pay 41,667<br>D) should pay 83333 </p>



<p class="wp-block-paragraph"><strong>16) Terms not included in relation to reciprocal arrangements,PMLA</strong><br>A) enforcement<br>B) prevention of offense<br>C) exchange history of persons<br>D) exchange information to prevent offense</p>



<p class="wp-block-paragraph"><strong>17) loan provided under foreign company registration act</strong><br>A)not permitted as loan provided by individual resident outside India<br>B)not permitted as loan obtained by partnership firm<br>C) not permitted as loan amount exceed limit (USD 1,00,000)<br>D) permitted as loan obtained by partnership firm</p>



<p class="wp-block-paragraph"><strong>18) not correct as per arbitration agreement</strong><br>A) arbitration agreement may be in the form of arbitration clause in contract<br>B) arbitration agreement may be in the form of separate agreement<br>C) arbitration agreement shall be in writing<br>D) arbitration agreement need not be in writing</p>



<p class="wp-block-paragraph"><strong>19) which of the following act of adjudicating authority shall be valid</strong><br>A) first dispose application of smart private limited (corporate debtor)<br>B) first dispose application of financial creditor<br>C) dismiss both application and direct corporate debtor to file fresh application<br>D) dismiss both and refer dispute to arbitration</p>



<p class="wp-block-paragraph"><strong>20) Identify listed entities constitute RM comittee</strong><br>A)100 (financial year)<br>B)1000 (financial year)<br>C)500 (financial year)<br>D)100(calendar year)</p>



<p class="wp-block-paragraph"><strong>21)</strong></p>



<p class="wp-block-paragraph">A) minimum 5, all are independent and financial literate having accounting and financial management expertise</p>



<p class="wp-block-paragraph">B)minimum 3, all are independent and financial literate having accounting and financial management expertise</p>



<p class="wp-block-paragraph">C)minimum 3, 2/3 rd are independent and all are financial literate atleast one having accounting and financial management expertise</p>



<p class="wp-block-paragraph">D)minimum 3, 1/3 rd are independent and all are financial literate atleast one having accounting and financial management expertise</p>



<p class="wp-block-paragraph"><strong>22)</strong></p>



<p class="wp-block-paragraph">A) eligible as independent director, no direct pecuniary interest<br>B)not eligible as independent director, indirect pecuniary interest<br>C)eligible as independent director, no direct or indirect pecuniary interest<br>D) eligible as women director not as independent director</p>



<p class="wp-block-paragraph"><strong>23) retiring directors at AGM</strong><br>A)3<br>B)2<br>C)4<br>D)1 </p>



<p class="wp-block-paragraph">#lawmcq2_M22</p>



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