List of top Questions asked in KLEE LLM

Which of the following statements are correct?
(i) Every company shall keep at its registered office a register of charges.
(ii) The register of charges shall be open for inspection during business hours.
(iii) Any member may inspect the register of charges without any payment of fees.
(iv) Any creditor may inspect the register of charges only on payment of the prescribed fees.
The approval of the company ________________ is required for any variation in objects for which a prospectus was issued.
Which of the following statements are correct about Section 8 companies?
(i) It is a limited company.
(ii) It is prohibited from payment of any dividend to its members.
(iii) It applies its profits in promoting its objects
(iv) A firm may not be its member.
Which of the following statements are correct in relation to the effect of registration of a company under the Companies Act, 2013?
(i) The members of the company becomes a body corporate.
(ii) The body corporate shall have perpetual succession.
(iii) The body corporate shall not use the name contained in the memorandum.
(iv) The body corporate can acquire and hold property in its name.
The National Company Law Tribunal is constituted under _________ of the Companies Act, 2013.
Which of the following statements are correct?
(i) A company may change its Memorandum of Association after its incorporation.
(ii) Any change in the name of a company is subject to the provisions of Section 4 of the Companies Act, 2013.
(iii) The memorandum of a company shall state the name of the company with the last word “Limited” in the case of a public limited company.
(iv) A person may make an application to the Central Government for the reservation of a name set out in the application as the name to which the company proposes to change its name.
Which of the following statements are correct?
A duplicate certificate of shares may be issued, if such certificate: -
(i) Is proved to have been lost, or destroyed.
(ii) Has been defaced, and is surrendered to the company.
(iii) Has been mutilated, or torn and is surrendered to the company.
(iv) Has been pledged to the company.
Which of the following statements are correct?
A company may issue fully paid-up bonus shares to its members, in any manner whatsoever, out of: -
(i) The capital redemption reserve account.
(ii) The securities premium account.
(iii) The surplus in profit and loss account on measurement of the asset or the liability at fair value.
(iv) Its free reserves.
Where a share of a company is held in depository form, the _________ is the prima facie evidence of the interest of the beneficial owner.
Which of the following statements are correct in relation to sweat equity shares?
(i) They may be issued by a company to its directors at a discount.
(ii) They may be issued by a company for consideration other than cash.
(iii) They shall not be issued to the employees of the company.
(iv) They may be issued to the directors for providing know-how to the company.
Under the Companies Act, 2013, the financial statement may not include the cash flow statement with respect to: -
(i) One person company.
(ii) Small company.
(iii) Dormant company.
(iv) Shell company.
Under the Companies Act, 2013, the ‘financial statement’ in relation to a company, includes: -
(i) A profit and loss account for the financial year.
(ii) A balance sheet as at the end of the calendar year.
(iii) A statement of changes in equity, if applicable.
(iv) An income and expenditure account for the financial year in case of not-for-profit companies.
Under the Companies Act, 2013, ‘called-up capital’ means such part of the capital: -
The Companies Act, 2013 passed by the Parliament received the assent of the President of India on _________.
Once a mortgage always a mortgage. What does it mean?
Which of the following statements are correct?
Associate company, in relation to another company, means a company in which that other company has a significant influence. The expression “significant influence” in this context means: -
(i) Control of business decisions under an agreement.
(ii) Control of at least twenty-five per cent of total voting power.
(iii) Participation in business decisions under an agreement.
(iv) Control of at least twenty per cent of total voting power.
Which of the following is not a right of mortgagor?
The doctrine which encompasses the crux of the maxim ‘ qui prior est tempore potior est jure’.
Which of the following does not constitute Fraudulent transfers?
Match the following:
No person can transfer a better title than he himself possesses. Which of the following is an exception to the general principle stated above ?
A leases his house to B so long as B resides in the house of A. The lease will remain vested in B as long as he will be residing in that house. What type of transfer is this?
A transfer Rs 500 to his niece C, if she will desert her husband. Which of the statement is true with respect to the transfer?
Transfer of property to unborn persons is permitted under certain conditions under the Transfer of Property Act 1882. Which of the following transfer is valid?
The maxim which reflects the meaning ‘ he who acts through another is deemed to act in person’