CA IntermediateCorporate & Other Laws2024

CA Intermediate - Corporate & Other Laws (2024)

Download and solve CA Intermediate Corporate & Other Laws question paper for 2024. Free English medium easy difficulty paper with model answers and explanations on Plainscan.

Question Paper

Question 1

singleMinimum Directors - Public Company
2 Marks
As per the Companies Act, 2013, the minimum number of directors required for a public company is:
A.2
B.3
C.5
D.7

Question 2

singleDirector Identification Number (DIN)
2 Marks
A Director of a company is required to vacate his office if he fails to obtain a DIN (Director Identification Number). Who allots the DIN?
A.The Company Law Board
B.The Registrar of Companies (RoC)
C.The Central Government (Ministry of Corporate Affairs)
D.National Company Law Tribunal (NCLT)

Question 3

singleMemorandum of Association
2 Marks
Which document is described as the 'charter' or 'constitution' of a company?
A.Articles of Association
B.Memorandum of Association
C.Prospectus
D.Annual Report

Question 4

singleAnnual General Meeting
2 Marks
A private company is not required to hold a statutory meeting. Which of the following is a mandatory meeting for BOTH public and private companies?
A.Statutory Meeting
B.Class Meeting
C.Annual General Meeting (AGM)
D.Creditors' Meeting

Question 5

singleMutual Mistake of Fact
2 Marks
Under the Indian Contract Act, 1872, an agreement to sell a specific car for ₹5,00,000 where the car was already destroyed at the time of the agreement (unknown to both parties) is:
A.Valid, subject to insurance claims
B.Voidable at the option of the buyer
C.Void
D.Illegal

Question 6

singleGoods in Transit
2 Marks
Under the Sale of Goods Act, 1930, when goods are delivered to a carrier for transmission to the buyer, the goods are said to be in:
A.Actual possession of the buyer
B.Constructive possession of the buyer
C.Transit
D.Lien of the seller

Question 7

singleLifting the Corporate Veil
2 Marks
The term 'piercing the corporate veil' means:
A.Winding up a company
B.Disregarding the separate legal entity of a company to fix liability on its members/directors
C.Transferring the liability of a company to creditors
D.Amalgamation of two companies

Question 8

singleTypes of Crossing
2 Marks
Under the Negotiable Instruments Act, 1881, a cheque is a Bill of Exchange drawn on a specified banker and not expressed to be payable otherwise than on demand. The crossing 'Account Payee Only' is known as:
A.Special Crossing
B.General Crossing
C.Restrictive Crossing
D.Double Crossing

Question 9

singlePrivate Company - Maximum Members
2 Marks
The maximum number of members a private company can have as per the Companies Act, 2013 is:
A.50
B.100
C.200
D.Unlimited

Question 10

singleRights of Minor in Partnership
2 Marks
Under the Indian Partnership Act, 1932, a minor admitted to the benefits of partnership has the right to:
A.Participate in the management of the firm
B.Inspect and copy the accounts of the firm
C.Sue the partners for his share of profit
D.Take part in the conduct of the firm's business

Question 11

singleIncrease in Authorised Capital
2 Marks
A company's share capital can be increased beyond the authorised limit by passing a:
A.Board Resolution
B.Ordinary Resolution in General Meeting
C.Special Resolution in General Meeting
D.Resolution by the Managing Director

Question 12

singleWho Can File Complaint
2 Marks
Under the Consumer Protection Act, 2019, the complaint can be filed by:
A.Only the consumer who purchased the goods
B.Any consumer, registered voluntary consumer association, Central or State Government, or class of consumers
C.Only government agencies
D.Only registered trade associations

Question 13

singleEssentials of Valid Contract
2 Marks
Which of the following is NOT a condition for a valid contract under the Indian Contract Act, 1872?
A.Free consent of the parties
B.Lawful consideration
C.Written form for all contracts
D.Competency of the parties

Question 14

singleMinimum Designated Partners in LLP
2 Marks
The Limited Liability Partnership Act, 2008 requires that every LLP shall have a minimum of:
A.One designated partner
B.Two designated partners, at least one of whom must be a resident of India
C.Two working partners
D.Three partners

Question 15

singleImplied Warranty
2 Marks
Under the Sale of Goods Act, 1930, an implied warranty in a contract of sale relates to:
A.Ownership of goods
B.Quality or fitness of goods
C.A collateral stipulation, breach of which gives a right to damages but NOT to reject the goods
D.A fundamental condition of the contract

Question 16

singleFiling Deadline After AGM
2 Marks
The Companies Act, 2013 provides that a company must file its Annual Return within how many days of its AGM?
A.30 days
B.60 days
C.90 days
D.120 days

Question 17

singleDigital Signature Authentication
2 Marks
Under the Information Technology Act, 2000, a 'digital signature' is authenticated through:
A.Biometric verification
B.Asymmetric crypto system and hash function
C.Simple electronic password
D.Handwritten signature scanned electronically

Question 18

singleCompany Secretary Requirement
2 Marks
A company secretary is legally required for which type of company?
A.All private companies
B.Public companies with paid-up share capital of ₹10 crore or more
C.Companies with turnover exceeding ₹100 crore
D.All companies listed on a stock exchange

Question 19

singleSignatory of Promissory Note
2 Marks
The term 'Promissory Note' under the Negotiable Instruments Act, 1881 is defined as an instrument in writing containing an unconditional undertaking by the maker to pay a certain sum of money. A promissory note must be signed by the:
A.Payee
B.Drawee
C.Maker
D.Holder in Due Course

Question 20

singleQuantum Meruit
2 Marks
Under the Indian Contract Act, 1872, the doctrine of 'quantum meruit' allows a party to recover:
A.Full contract price even if the work is incomplete
B.Compensation for work done or services rendered, proportional to the work completed
C.Liquidated damages as pre-agreed in the contract
D.Penalty for breach of contract

Paper Details

  • Difficultyeasy
  • LanguageEnglish

Mock Exam Settings

5 min25 max