Individual MCQs Flashcards
State the primary legislations amongst the following that deals with alternate methods of dispute resolution:
a. The Code of Civil Procedure, 1908
b. Arbitration
c. Lok Adalat
d. Judicial settlement.
a. The Code of Civil Procedure, 1908
Where a property is involved in money laundering and the said property is provisionally attached by the competent officer. State the time period within which a complaint of such attachment shall be filed before the AA:
a. thirty days from such attachment
b. Forty-five days from such attachment
c. sixty days from the attachment
d. One eighty days from the attachment
a. thirty days from such attachment
Mr. X, a person comes to India on 1st June 2019 for visiting his parents. However, his parents fall sick, and he stays till 31st March 2020. Thereafter he continues to stay in India. He decided to live in India for next 6 months by the time his parents recover. In the light of the given case, determine the correct residential status of Mr. X from the given statements.
a. Mr. X is PRII as he did reside in India in the FY 2019-2020.
b. Mr. X is PRII as he resides in India for more than 182 days in the FY 2019-20.
c. Mr. X is PROI in the FY 2019-20, but will be treated as PRII from 1st April 2020, as he resides in India for more than 182 days in the previous FY.
d. His stay in India is neither for employment, nor for business, nor for circumstances which show that his stay in India for an uncertain period. In FY 2019-20, he is a PROI as he did not reside in India for more than 182 in FY 2018-19.
d. His stay in India is neither for employment, nor for business, nor for circumstances which show that his stay in India for an uncertain period. In FY 2019-20, he is a PROI as he did not reside in India for more than 182 in FY 2018-19.
A certificate of registration was granted to an NGO on the 1 January, 2018. A request for renewal of the certificate was received by the CG, by the 30 June, 2022. But the request was not accompanied by the renewal fee.
Comment on the validity of the registration certificate issued on 1st January 2018.
a. A certificate of registration granted on the 1st January, 2018 shall be valid till 30th June, 2018.
b. A certificate of registration granted on the 1st January, 2018 shall be valid till 30th June, 2022.
c. A certificate of registration granted on the 1st January, 2018 shall be valid till 30th July, 2022.
d. A certificate of registration granted on the 1st January, 2018 shall be valid till the 31st December, 2022.
d. A certificate of registration granted on the 1st January, 2018 shall be valid till the 31st December, 2022.
A meeting of COC shall quorate if members of the COC representing ___ are present either in person or by video/ audio means:
a. At least 33% of the voting rights.
b. At least 51% of the voting rights.
c. At least 66% of the voting rights.
d. At least 75% of the voting rights.
a. At least 33% of the voting rights.
A, a foreign citizen has donated variety of articles in kind, to various individuals of Indian residence for their personal use. When shall such donation of articles in kind be excluded from the definition of Foreign Contribution considering the provisions of FCRA, 2010?
a. If the MV, in India, of such article, on the date of such gift, is more than Rs. 1,00,000 but less than 5,00,000.
b. If the MV, in India, of such article, on the date of such gift, is more than Rs. 5,00,000 but less than 10,00,000.
c. Any donation in kind given for personal use is always excluded.
d. If the MV, in India, of such article given for personal use, on the date of such gift, is not more than Rs. 1,00,000.
d. If the MV, in India, of such article given for personal use, on the date of such gift, is not more than Rs. 1,00,000.
Under which circumstances the arbitration process comes to an end as per the Arbitration and Conciliation Act, 1996:
a. When Arbitrator denies to pass final award.
b. When Arbitrator fails to pass the award within 12 months.
c. When the parties decide to no longer continue with issue.
d. Where the parties decide to refer the matter before the court.
b. When Arbitrator fails to pass the award within 12 months.
K Ltd holds 77% of the shares of S Ltd. K Ltd makes an application for merger of Holding & Subsidiary Company u/s 233 – Fast Track Merger of the Companies Act, 2013.
The legal counsel of K Ltd states that company cannot apply for merger u/s 233 of the said Act. He further stated that company shall have to apply for merger as per Sec 232 of the Act, i.e., Merger and Amalgamation of Companies.
State the correct statement in terms of the validity of the difference in the opinion of the legal counsel.
a. Opinion of the legal counsel of K Ltd is valid as the provisions given for fast-track merger in Sec 233 can be made between only small companies.
b. Opinion of the legal counsel of K Ltd is invalid as merger shall be possible only as per Sec 233 between Holding and Subsidiary Company.
c. Opinion of the legal counsel of K Ltd is valid as the provisions given for fast-track merger in Sec 233 can be made between Holding and WOS.
d. Opinion of the legal counsel of K Ltd is invalid as merger of Holding and Subsidiary Company is possible under both section 232 and section 233.
c. Opinion of the legal counsel of K Ltd is valid as the provisions given for fast-track merger in Sec 233 can be made between Holding and WOS.
