Multiple Choice Questions---Companies Ordinance 1984/ Corporate Law/ Company Law for ACMA (ICMAP) & CA Students--Rehan Aziz Shervani----Abdul Wahid Ali (Co-researcher)

Companies Ordinance 1984/Corporate Law/Company Law for ACMA (ICMAP) & CA Students — Multiple Multiple Choice Questions & Answers — Rehan Rehan Aziz Shervani — — (Advocate (Advocate High Court)-0333-4324961 — ICMAP ICMAP Class-Stage IV- Section A Answers are in green color. 1. ARTICLES OF ASSOCIATION ARE: I. MANDATORY II. NECESSARY III. OPTIONAL IV. NONE 2. ARTICLES OF ASSOCIATION ARE FOR: I. EXTERNAL AFFAIRS OF A COMPANY II. INTERNAL AFFAIRS OF A COMPANY III. BOTH i) & ii) IV. Public company 3. FOR AN ASSOCIATED COMPANY,MINIMUM NO OF SHARES WHICH SHOULD BE DIRECTLY OR INDIRECTLY CONTROLLED BY A PERSON: I. 15% II. 10% III. 20% IV. 50% 4. IF A COMPANY OR UNDERTAKING IS SUBSI DAIRY OF ANOTHER THEN IT IS: I. PRIVATE COMPANY II. PUBLIC COMPANY III. ASSOCIATED COMPANY IV. ALL OF THE ABOVE 5. IF A PERSON IS THE OWNER OF OR DIRECTOR IN A COMPANY OR UNDERTAKING OR WHO SO CONROLS SHARES NOT LESS THEN 10% OF: I. GOVERNING POWER II. RULING POWER III. VOTING POWER IV. ALL OF THE ABOVE 6. A BODY CORPORATE OR CORPORATION IS A C OMPANY: I. INCORPORATED OUTSIDE THE PAKISTAN II. INSIDE THE PAKISTAN

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III. LISTED ON STOCK EXCHANGE IV. NONE OF THE ABOVE OFFICIAL GAZETTE IS A: I. NEWSPAPER II. CIRCULAR III. OFFICIAL NEWSPAPER IV. ADVERTISEMENT BOOK AND PAPER OR BOOKS OF ACCOUNT ACC OUNT ARE: I. SAME II. DIFFERENT III. NONE IV. ANYTHING CONTAINED INFORMATION ABOUT THE COMPANY CHIEF EXECUTIVE IS ENTRUSTED: I. WHOLE POWERS OF MANAGEMENT II. SUBSTABTIALLY THE WHOLE POWERS OF MANAGEMENT III. BOTH i) & ii) IV. NONE OF THE ABOVE IF A COMPANY IS INCORPORATED BEFORE 1984,THEN IT IS: I. HOLDING COMPANY II. SUBSIDIARY COMPANY III. EXISTING COMPANY IV. ASSOCIATED COMPANY COMPANY LIMITED BY SHARES MEANS A COMPANY HAVING THE LAIBILITY OF ITS MEMBERS: I. LIMITED TO THE AMOUNT,IF ANY,UNPAID ON THE SHARES RESPECTIVELY HELD BY THEM II. UNLIMITED TO THE AMOUNT,IF ANY,UNPAID ON SHARES RESPECTIVELY HELD BY THEM. III. SPECIFIC LIABILITY IV. NONE OF THE ABOVE DEBENTURES ARE: I. DEBT SECURITIES II. EQUITY SECURITIES III. BOTH i) & ii) IV. NONE ANY PERSON OCCUPYING THE POSITION OF A DIRECTOR IS: I. NOT DIRECTOR II. DIRECTOR III. CHIEF EXECUTIVE IV. OFFICER SUMMONS,NOTICE,REQUITION,ETC ARE: I. BOOK & PAPER II. BOOKS OF ACCOUNT III. DOCUMENTS IV. ALL FINANCIAL YEAR IS: I. CALENDER YEAR II. NOT CALENDER YEAR III. PERIOD IN RESPECT OF WHICH ANY PROFIT & LOSS ACCOUNT IS PREPARED IV. BOTH ii) & iii)

16. HOLDING COMPANY MEANS A COMPANY AS DEFINED IN SECTION: I. 42 II. 3 III. 5 IV. 10 17. IF A PERSON HAVE ANY SHARE,SCRIP OR OTHER SECURITY WHICH GIVES HIM A VOTING POWER/RIGHT BECOMES: I. DIRECTOR II. CHIEF EXECUTIVE III. MEMBER IV. OFFICER 18. EVERY SHREHOLDER IS: I. MEMBER OF COMPANY II. NOT MEMBER OF COMPANY III. OWNER OF COMPANY IV. BOTH ii) & iii) 19. MEMORANDUM OF ASSOCIATION ARE: I. INTERNAL AFFAIRS OF COMPANY II. EXTERNAL AFFAIRS OF COMPANY III. MANDATORY IV. BOTH i) & iii) 20. IF A COMPANY RESTRICTS TO TRANSFER ITS SHARES,THEN IT IS: I. PUBLIC COMPANY II. PRIVATE COMPANY III. HOLDING COMPANY IV. EXISTING COMPANY 21. PRIVATE COMPANY LIMITS THE NUMBER OF ITS MEMBERS TO: I. 30 II. 20 III. 40 IV. 50 22. WHEN TWO OR MORE PERSONS PERSONS HOLD ONE OR MORE SHARES IN A COMPANY JOINTLY,THEY JOINTLY,THEY WILL BE TREATED AS: I. SINGLE MEMBER II. SEPERATELY AS MEMBERS III. DIRECTORS IV. NONE 23. IF AN ADVERTISEMENT INVITES PUBLIC FOR THE SUBSCRIPTION OR PURCHASE OF ANY SHARES,IT IS: I. DOCUMENT II. BOOK & PAPER III. PROSPECTUS IV. ALL 24. REDEEMABLE CAPITAL: I. IS BASED ON INTEREST II. NOT BASED ON INTEREST III. ARE ORDINARY SHARES IV. NONE

25. CD-ROM AND FLOPPY CONTAINING THE NAMES OF MEMBERS OF COMPANY & DEBENTURE HOLDERS ARE: I. BOOK & PAPER II. BOOKS OF ACCOUNTS III. REGISTER IV. ALL OF THE ABOVE 26. SPECIAL RESOLUTION SHOULD BE PASSED BY THE MAJORITY OF: I. 2/5 MEMBERS II. 6/10 MEMBERS III. 3/4 MEMBERS IV. 2/4 MEMBERS 27. NUMBER OF DAYS OF NOTICE SPECIFYING THE INTENTION TO PROPOSE THE RESOLUTION AS SPECIAL RESOLUTION ARE: I. 50 DAYS II. 30 DAYS III. 25 DAYS IV. 21 DAYS 28. REMOVAL OF CHIEF EXECUTIVE IS DONE BY: I. DIRECTORS II. OWNERS III. SPECIAL RESOLUTION IV. NONE 29. XYZ COMPANY HOLDS 50% OF VOTING SECURITIES OF ABC COMPANY,THEN,XYZ IS: I. SUBSIDIARY COMPANY II. HOLDING COMPANY III. ASSOCIATED COMPANY IV. ALL 30. ABC IS: I. HOLDING COMPANY II. LISTED COMPANY III. PRIVATE COMPANY IV. SUBSIDIARY COMPANY 31. SUBSIDIARY OF SUBSIDIARY COMPANY: I. HOLDING COMPANY OF SUBSIDIARY COMPANY II. EXISTING COMPANY III. SUBSIDIARY OF SUBSIDIARY HOLDING COMPANY IV. BOTH i) & iii) 32. COMPANIES ORDINANCE DOESNOT APPLY TO: I. TRADING CORPORATION CONTROLLED OR OWNED BY PROVINCE II. CO-OPERATIVE SOCIETY III. A UNIVERSITY IV. ALL OF THE ABOVE 33. A NON-TRADING CORPORATION,THE OBJECTS OF WHICH ARE CONFINED BY SINGLE PROVINCE WILL ACT UNDER: I. COMPANIES ORDINANCE 1984 II. SECURITIES AND EXCHANGE ORDINANCE 1969 III. PROVINCIAL GOVERNMENT ITSELF REGULATE IV. NONE OF THE ABOVE

34. A PARTNERSHIP OR ASSOCIATION CONSISTING OF MORE THAN TWENTY PERSONS IS: I. LEGAL II. ILLEGAL III. VALID IV. NONE 35. A PARTNERSHIP OR COMPANY CONSISTING OF MORE THAN TWENTY PERSONS SHOULD BE: I. REGISTERED UNDER COMPANIES ORDINANCE II. NOT REGISTERED III. INCORPORATED UNDER COMPANIES ORDINANCE 1984 IV. BOTH i) & iii) 36. THE PERSON WHO IS THE MEMBER OF SUCH PARTNERSHIP,WHICH HAS MORE THAN 20 MEMBERS SHOULD BE PUNISHED WITH FINE WHICH MAY EXTEND TO: I. 10 THOUSAND II. 15 THOUSAND III. 5 THOUSAND IV. 1 THOUSAND 37. ANY (THREE) OR MORE PERSONS ASSOCIATED FOR ANY LAW PURPOSE SUBSCRIBING THEIR NAMES TO MEMORANDUM OF ASSOCIATION & COMPLYING WITH COMPANIES ORDINANCE WILL FORM: I. PUBLIC COMPANY II. HOLDING COMPANY III. PRIVATE COMPANY IV. ORDINARY COMPANY 38. ANY MINIMUM REQUIRMENT OF ASSOCIATION FOR A PRIVATE COMPANY IS: I. 5 II. 7 III. 1 IV. 2 39. IN MEMORANDUM THE NAME OF COMPANY AS PRIVATE WILL BE WRITTEN AS: I. PRIVATE LIMITED II. LIMITED III. PVT IV. (PRIVATE) LIMITED 40. IN MEMORANDUN; NO SUBSCRIBER OF THE MEMORANDUM SHALL TAKE LESS THAN: I. 20 SHARES II. 5 SHARES III. 2 SHARES IV. 1 SAHRES 41. THE TRADING CORPORATION IN MEMORANDUM SHALL S TATE THEIR: I. LIABILITY II. SHARE CAPITAL III. OBJECTS IV. NONE 42. EACH SUBSCRIBER OF THE MEMORANDUM SHALL WRITE OPPOSITE TO HIS NAME: I. THE LIMIT OF LIABILITY II. THE NUMBER OF SHARES III. BOTH i) & ii) IV. NONE

43. IN CASE OF MEMORANDUN OF COMPANY LIMITED BY GUARANTEE;EACH MEMBER UNDERTAKES TO COMTRIBUTES TO THE ASSETS OF THE COMPANIES OR AFTER: I. 3 YEAR AFTER PAYMENT OF DEBTS II. 2 YEAR AFTER PAYMENT OF DEBTS III. 1 YEAR AFTER PAYMENT OF DEBTS IV. 5 YEAR AFTER PAYMENT OF DEBTS 44. ARTICLES OF ASSOCIATION MAY ADOPT: I. ALL REGULATIONS CONTAINED IN TABLE A IN 1S T SCHEDULE II. ANY OF THE REGULATIONS OF TABLE A III. BOTH i) & ii) IV. NONE 45. IN WHICH CASE,ARTICLES SHALL THE AMOUNT OF SHARE CAPITAL;IF THE COMPANY HAS A SHARE CAPITAL: I. UNLIMITED COMPANY II. COMPANY LIMITED BY GAURANTEE III. NONE IV. BOTH i) & ii) 46. IF ARTICLEA OF THE COMPANY AFFECTS THE SUBSTANTIVE RIGTHS OR LIABILITIES OF MEMBERS OR OF A CLASS MEMBERS,IT SHALL BE CARRIED OUT ONLY IF THE MAJORITY OF: I. 5/10 II. 1/2 III. 3/4 IV. 3/5 47. THE MEMORANDUM AND ARTICLES SHALL WHEN REGISTERED,BIND THE COMPANT AND MEMBERS THEREOF TO THE SAME EXTENT IF THEY RESPECTIVELY HAVE BEEN: I. READ II. NOTICED III. OBSERVED IV. SINGED 48. ALL MONEY PAYABLE BY ANY MEMBER TO THE COMPANY UNDER THE MEMORANDUM OR ARTICLES SHALL BE A: I. DEBT II. INVESTMENT III. STOCK IV. NONE 49. ON THE REGISTERATION OF THE MEMORANDUM OF A, THE REGISTERAR SHALL CERTIFY BY HAND THAT THE COMPANY: I. REGISTERED II. ESTABLISHED III. INCORPORATED IV. ALL OF THE ABOVE 50. CERTIFICATE OF INCORPORATION IS LIKE A : I. EVIDENCE II. BIRTH CERTIFICATE III. BOTH i) & ii) IV. NONE OF THE ABOVE 51. PROOF OF THE EXISTENCE OF THE COMPANY IS: I. ARTICLES OF THE ASSOCIATION

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II. MEMORANDUM OF ASSOCIATION III. CERTIFICATE OF INCORPORATION IV. STAMP EVERY COMPANY SHALL SEND TO EVERY MEMBER,AT HIS REQUEST,COPIES OF MEMORANDUM AND ARTICLES WITHIN: I. 10 DAYS II. 12DAYS III. 14 DAYS IV. 21 DAYS IF THE COMPANY MAKES DEFAULT IN SENDIND THE COPIES OF THE MEMORANDUM AND ARTICLES SHALL BE LIABLE TO A FINE: I. 500 II. 200 III. 300 IV. 100 A COMPANY WRITES THE SAME AS ANOTHER IS EXISTING SHALL: I. CONTINUE TO WORK II. SHALL NOT BE REGISTERED III. BE ALLOWED IV. NONE OF THE ABOVE IF A COMPANY HAS ANY CONNECTION WITH FOREIGN GOVERNMENT OR INTERNATIONAL ORGANIZATION IS : I. VALID II. BODY CORPORATE III. SUBSIDARY IV. CAN’T BE REGISTERED ASSOCIATION NOT FOR PROFIT ARE ESTABLISED AND INCORPORATED CAN BE REGISTERED WITHOUT THE ADDITIONS OF THE WORDS: I. “LIMITED” II. “PRIVATE LIMITED” III. “GAURANTEE LIMITED” IV. ALL OF THE ABOVE

57. COMPANIES UNDER SECTION 42 ARE GENERALLY CALLED” I. PUBLIC COMPANY II. PRIVATE COMPANY III. NGOS IV. HOLDING COMPANY 58. COMPANIES LIKE NGOS CAN’T PAY TO ITS MEMBER S: I. SALARIES II. REMUNERATION III. BOTH i) & ii) IV. DIVIDEND 59. ASSOCIATIONS NOT FOR PROFIT INCORPORATED ENJOY ALL THE PREVILEGES OF: I. LIMITED COMPANY II. UNLIMITED COMPANY III. PUBLIC COMPANY IV. NONE

60. A LICENCE OF NOT FOR PROFIT OR NGOs MAY BE REVOKED BY THE COMMISSION AND UPON THE REVOCATION THE REGISTRAR SHALL ENTER THE WORDS: I. REVOKED II. (PRIVATE)LIMITED III. (GAURANTEE)LIMITED IV. BOTH i) & iii) 61. A COMPANY LIMITED GY GAURANTEE & NOT HAVING THE SHARE CAPITAL AND BY PROVISIONS IN THE MEMORANDUM OR ARTICLES OR ANY RESOLUTION PURPORTING TO DIVIDE THE UNDERTAKING OF THE COMPANY INTO SHARES OR INTERESTS SHALL BE TREATED AS PROVISION FOR: I. ISSUED CAPITAL II. ALLOTED CAPITAL III. AUTHORISED CAPITAL IV. SHARE CAPITAL 62. AS IN THE CASE SECTION 6 A PERSON HAVING THE RIGHT TO PARTICIPATE IN THE PROFITS OF THE COMPANY OTHERWISE AS THE MEMBER SHALL BE: I. DIRECTOR II. EXECUTIVE III. AUDITOR IV. VOID 63. A PROSPECTUS ISSUED SHOULD BE: I. ON THE BEHALF OF COMMISSION II. ON THE BEHALF OF SUBSIDIARY III. ON THE BEHALF OF COMPANY IV. NONE 64. THE ON WHICH PROSPECTUS IS ISSUED AND THAT DATE,UNLESS THE CONTRARY IS PROVED BE TAKEN AS: I. ISSUED DATE II. STARTING DATE III. DATE OF COMMINSMENT IV. DATE OF PUBLICATION 65. EVERY PROSPECTUS ISSUED BY OR ON THE BEHALF OF COMPANY OR BY OR ON THE BEHALF OF THE PERSON WHO HAS ENGAGED OR INTERSETED IN THE: I. SHARES OF THE COMPANY II. ASSETS OF THE COMPANY III. FORMATION OF THE COMPANY IV. ALL OF THE ABOVE 66. PROSPECTUS PUBLISHED SHOULD BE: I. DAILY NEWSPAPER ONLY II. DAILY URDU NEWSPAPER ONLY III. ONE URDU AND ONE ENGLISH NEWSPAPER IV. TWO ENGLISH AND ONE URDU NEWSPAPER 67. PROSPECTUS ISSUED SHALL BE MADE AVAILABLE AT: I. REGISTERED OFFICE OF THE COMPANY II. STOCK EXCHANGE AT WHICH IT IS LISTED III. WITH BANKERS TO ISSUE THE PROSPECTUS IV. ALL OF THE ABOVE

68. NO PROSPECTUS SHALL BE ISSUED OR AN ADVERTISEMENT OF A PROSPECTUS IN NEWSPAPER LESS THAN BEFORE SUBCRIPTION LIST I. 3 DAYS II. 5 DAYS III. 21 DAYS IV. 7 DAYS 69. THE MAXIMUM PERIOD OF ISSUE OF PROSPECTUS BEFORE SUBSCRIPTION LIST: I. 28 DAYS II. 25 DAYS III. 30 DAYS IV. 35 DAYS 70. IF A PROSPECTUS IS ISSUED WITHOUT THE REQUIRMENTS OF SECTION 53 SUB-SECTION 1&2 AND REGISTRAR,THE PERSON LIABLE FOR FINE WHO HAD PREPARED THE PROSPECTUS TO FINE NOT EXCEEDING: I. 5000 II. 15000 III. 10000 IV. 25000 71. AS THE SENERIO ABOVE,IN CASE OF A DEFAULT TO A FURTHER FINE NOT EXCEEDING__________ EXCEEDING__________ FOR EVERY DAY FR OM THE DATE OF ISS UE OF PROSPECTUS: I. 500 II. 300 III. 200 IV. 1000 72. A CONDITION OR REQUIREMENT BINDING AN APPLICANT FOR SHARE IN OR DEBENTURE OF A COMPANY TO WAIVE COMPLIANCE WITH ANY OF THE REQUIREMENTS AND NOT MENTIONED IN THE PROSPECTUS SHALL BE: I. LEGAL II. ALLOWED III. VOID IV. VALID 73. THE FORM OF APPLICATION FOR SHARES IN OR DEBENTURES OF A COMPANY,UNLESS THE FORM IS ACCOMPANIED BY PROSPECTUS: I. IS APPLICALBLE II. NOT APPLICABLE III. CAN BE ACCEPTED IV. NONE 74. THE SHARES OR DEBENTURES WHICH WERE NOT OFFERED TO PUBLIC, THE APPLICATION FORM WITHOUT PROSPECTUS;THE SHARES OR DEBENTURES CAN BE: I. ISSUED II. CAN’T BE ISSUED III. VOID IV. NONE 75. NO ONE SHALL ISSUE ANY FORM OF APPLICATION FOR SHARES IN OR DEBENTURES OF A COMPANY UNLESS THA FORM IS ACCOMPANIED BY PROSPECTUS;IF ANY PERSON ACTS IN CONTRAVENTION OF THIS SECTION,HE SHALL BE LIABLE TO A FI NE NOT EXCEEDING: I. 5000 II. 3000

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III. 2000 IV. 1000 NO ALLOTMENT SHALL BE MADE OF ANY SHARE CAPITAL OF A COMPANY OFFERED TO PUBLIC FOR SUBSCRIPTION UNLESS THE AMOUNT STATE IN PROSPECTUS AS THE MINIMUM AMOUNT IN OPINION OF DIRECTORS MUST BE: I. RAISED BY ISSUE OF SHARE CAPITAL II. AND FULL AMOUNT THEREOF HAS BEEN PAID III. AND THE AMOUNT RECEIVED IN CASH BY CO IV. ALL OF THE ABOVE ALL MONEYS RECEIVED FROM APPLICANTS FOR SHARES SHALL BE DEPOSITED AND KEPT IN A SEPARATE: I. LOCKER II. CUSTODY III. BANK ACCOUNT IV. NONE ALL MONEYS RECEIVED FROM APPLICANTS FOR SHARES SHALL BE DEPOSITED AND KEPT IN A SEPARATE BANK ACCOUNT UNTILL: I. THE BUSINESS STARTS II. LAW ALLOWS III. THE CERTIFICATE TO COMMENCE BUSINESS IS OBTAINED IV. ALL THE AMOUNT PAYABLE ON APPLICATION ON EACH SHARE SHALL BE THE FULL: I. ORDINARY AMOUNT OF THE SHARES II. SPECIAL AMOUNT OF THE SHARES III. NOMINAL AMOUNT OF THE SHARES IV. BOTH ii) & iii) IF SUCH MONEY IS NOT REPAID WITHIN WI THIN __________ __________ DAYS AFTER THE ISSUE OF PROSPECTUS: I. 40 DAYS II. 50 DAYS III. 21 DAYS IV. 28 DAYS IF THE AMOUNT OF UN-SUCCESSFUL APPLICANT IS NOT REFUNDED;THE DIRECTORS OF THE COMPANY ARE LIABLE TO PAY SURCHARGE @ __________ PER MONTH: I. 1-3/2 % II. 1-4/5 % III. 1-1/2 % IV. NONE MINIMUM SUBCRIPTION IS THE AMOUNT OF CAPITAL MENTIONED: I. ARTICLES OF ASSOCIATION II. PROSPECTUS III. BOTH i) & ii) IV. NONE THE MONEY RECEIVED IN EXCESS OF MINIMUM SUBCRIPTION IS REQUIRED TO BE: I. DEPOSITED II. REFUNDED III. UTILIZED IV. NONE

84. IN CASE OF CONTRAVENTION OF SUBCRIPTION OF SHARES AND ALLOTMENT OF SHARES;THE DIRECTORS,PROMOTERS OR THER PERSONS KNOWINGLY RESPONSIBLE FOR SUCH CONTRAVENTION SHALL BE LIABLE TO A FINE NOT EXCEEDING: I. 5,000 II. 15,000 III. 2,000 IV. 10,000 85. IN CASE OF CONTINUING CONTRAVENTION TO A FURTHER FINE NOT EXCEEDING __________ FOR EVERY DAY AFTER THE FIRST DURING WHICH CONTRAVENTION _____________ CONTINUES: I. 500 II. 600 III. 300 IV. 200 86. AN ALLOMENT OF SHARES MADE BY COMPANY TO AN APLLICANT IN THE CONTRAVENTION OF THE PROVISIONS OF RESTRICTION AS TO ALLOTMENT AND STATEMENT IN LIEU OF PROSPECTUS;SHALL BE: I. VALID II. VOID III. VOIDABLE IV. NOT ENFORCEABLE 87. THE SENERIO ABOVE THE MINIMUM TIME REQUIRED FOR THE ALLOTMENT OF SHARES TO BE VOIDABLE AFTER THE HOLDING OF STATUTORY MEETING OF THE COMPANY: I. 35 DAYS II. 40 DAYS III. 30 DAYS IV. 50 DAYS 88. IN CASE OF EFFECT OF IRREGULAR ALLOTMENT OF SHARES;THE PROCEEDINGS TO RECOVERANY SUCH LOSS,DAMAGES OR COSTS SHALL NOT BE COMMENCED AFTER THE EXPIRATION OF ________ FROM THE DATE OF THE ALLOMENT: i. 1 YEAR ii. 1.5 YEAR iii. 2 YEARS iv. 2.5 YEARS 89. WHERE A COMPANY ISSUES ANY INVITATION TO THE PUBLIC TO SUBCRIBE FOR ITS SHARESOR OTHER SECURITIES;THE PERIOD OF REPAYMENT OF UNACCEPTED OR UNSUCCESSFUL APPLICATION WITHIN: 15 DAYS I. 25 DAYS II. 10 DAYS III. 25 DAYS IV. 20 DAYS 90. IF REFUNDED OF RUPEES FOR THE APPLICATION AND SUBCRIPTION OF SHARES IS NOT MADE WITHIN 10 DAYS,THE DIRECTORS OF THE COMPANY SHALL BE JOINTLY AND SEVERALLY L IABLE TO _______________ _______________ SURCHARGE FOR EVERY MONTH MONTH OR PART THEREFO FROM THE EXPIRATION OF THE FIFTEETH DAY:

I. II. III. IV.

1.5 % 2.5 % 3.5 % 0.5 %

91. THE FINE ABOVE,IN ADDITIONAL FINE NOT EXCEEDING ____________: I. II. III. IV.

3000 2000 5000 2500

92. IN CASE OF FURTHER OR CONTINUOUS OFFENCE TO A FURTHER FINE NOT EXCEEDING __________ FOR EVERY DAY AFTER THE SAID FIFTEETH DAY ON WHICHTHE DEFAULT CONTINUES. I. II. III. IV.

500 300 200 100

93. EVERY COMPANY WITH _________ DAYS AFTER THE ALLOTMENT OF ITS SHARES, DEBENTURES OR DEBENTURE STOCK AND WITHIN _________ DAYS AFTER THE APPLICATION FOR THE REGISTER OF THE TRANSFER OF SHARES, DEBENTURES OR DEBENTURE STOCK, COMPLETE AND HAVE READY FOR DELIVERY ALL SHARES, THE DEBENTURES AND CERTIFICATE OF ALL DEBENTURES STOCK ALLOTED OR TRANSFERRED: I. II. III. IV.

30 AND 15 DAYS 25 AND 50 DAYS 90 AND 45 DAYS 60 AND 30 DAYS

94. IF DEFAULT IS MADE IN COMPLYING WITH REQUIREMENT OF ABOVE SECTION; THE COMPANY AND EVERY OFFICER OF THE COMPANY WHO IS K NOWINGLY A PART TO DEFAULT SHALL BE LI ABLE TO A FINE NOT EXCEEDING ___________ FOR EVERY DAY DURING WHIC H DEFAULT CONTINUES: I. II. III. IV.

500 200 100 NONE

95. A DUBLICATE OF C CERTIFICATE ERTIFICATE OF SHARES, DEBENTURES OR DEBENTURES ISSUED SHALL BE ISSUED BY THE COMPANY WITH _________ FROM THE DATE OF APPLICATION IF THE ORIGINAL ____________: ____________: I. II. III. IV.

50 DAYS 45 DAYS 35 DAYS 25 DAYS

96. IF THE COMPANY FOR ANY REASONABLE CAUSE IS UNABLE TO ISSUE DUPLICATE CERTIFICATE, IT SHALL NOTIFY THIS FACT, ALONGWITH THE REASONS WITHIN _________ FROM THE DATE OF APPLICATION, TO THE APLLICANT: I. II. III. IV.


97. IF ANY DEFAULT IS MADE IN COMPLYING WITH REQUIREMENTS OF THIS SECTION, THE COMPANY AND EVERY OFFICER OF THE COMPANY WHO IS K NOWINGLY A PART TO THE DEFAULT SHALL BE LIABLE TO FINE NOT EXCEEDING: I. II. III. IV.

1000 1500 200 500

98. IF A COMPANY WITH INTENT I NTENT TO DEFRAUD,RENEWS A CERTIFICATE, THE COMPANY SHALL BE PUNISHABLE WITH FINE WHICH MAY EXTEND TO: I. II. III. IV.

10,000 15,000 20,000 25,000

100. THE SENERIO ABOVE AND EVERY OFFICER OF THE COMPANY WHO IS IN DEFAULT SHALL BR PUNISHABLE WITH IMPRISONMENT FOR TERM WHICH MAY EXTEND TO: I. II. III. IV.

1 YEAR 6 MONTHS 2 YEARS 5 YEARS

101. THE PUNISHMENT MADE ABOVE THE OFFICER OF COMPANY IN CASE OF DEFAULT/DEFRAUD TO ISSUE OR ISSUE A DUPLICATE THEREOF THE FINE WHICH MAY EXTEND TO 10 THOUSAND AND OR _________ OR BOTH: BOTH: I. II. III. IV.

PUNISMENT IMPRISONMENT DEPORT NONE

102. THE TRANSFER OF SHARES IS R EGISTERED AND SHARES CERTIFICATE DULY TRANSFERRED IN THE FAVOUR OF THE TRANFREE IS ISSUED WITHIN:

I. II. III. IV.


103. TRANSFER DEED DULY EXECUTED AND SIGNED BY THE TRANDFEROR AND TRANSFEREE AND DULY WITNESSED ON THEIR BEHALF ARE DELIVERED ALONG WITH SHARE CERTIF ICATES AT: I. II. III. IV.

REGISTRAR OFFICE SECP AT REGISTERED OFFICE OF COMPANY NONE OF THE ABOVE

104. THE DELIVERY FEE FOR TRANSFER OF S HARE AND DEBENTURE CERTIFICATE BY: I. II. III. IV.

COMPANY TRANSFEROR TRANSFEREE REGISTRAR

105. TRANSFER DEEDS ARE ACCEPTED AND TRANSFER IS REC ORDED AT THE BACK OF THE SHARESCERTIFICATE IN THE MEMORANDUM OF TRANSFER COLUMN AND ENTERED INTO THE REGISTER OF THE: I. II. III. IV.

EMPLOYEES OF THE COMPANY DIRECTORS OF THE COMPANY OFFICERS OF THE COMPANY MEMBERS OF THE COMPANY

106. COMPANY SHALL NOT REGISTER A TRANSFER OF SHARES OR DEBENTURES UNLESS PROPER INSTRUMENT OF TRANSFER DULY: I. II. III. IV.

WRITTEN & WITTNESSED STAMPED REGISTERED NONE

107. IN CASE OF A PUBLIC COMPANY, A FINANCIAL INSTITUTION DULY APPROVED BY THE _______ MAY BE APPOINTED AS THE TRANSFER AGENT ON BEHALF OF THE COMPANY: I. II. III. IV.

REGISTRAR DIRECTORS COMMISSION MEMBERS

108. IF THE COMPANY MAKES DEFAULT IN COMPLYING WITH ANY OF THE PROVISIONS OF TRANSFER OF SHARES AND DEBENTURES IT SHALL LI ABLE TO A FINE NOT EXCEEDING: I. II.

1000 2000

III. IV.

3000 5000

109. THE PERIOD OF TRANSFER OF S HARES IN CASE OF CENTRAL DEPOSITORY: I. II. III. IV.


110. THE DIRECTORS OF THE COMNPANY SHALL: I. II. III. IV.

REFUSE TO TRANSFER ANY FULLY PAID SHARES SHALL NOT REFUSE ANY FULLY PAID SHARES BOTH i) & ii) NONE

111. THE COMPANY SHALL WITHIN W ITHIN _____________ _____________ FROM THE DATE ON WHICH THE INSTRUMENT OF TRANFER WAS LODGED WITH IT NOTIFY THE DEF ECT OR INVALIDITY TO THE TRANSFREE I. II. III. IV.


112. WHERE THE TRANFREE IS CENTRAL DEPOSITORY,WITHIN: I. II. III. IV.


113. IF A COMPANY C OMPANY REFUSES TO REGISTER A TRANSFER OF ANY SHARES OR D EBENTURES, THE COMPANY SHALL, WITHIN _________ AFTER THE DATE ON WHICH THE INSTRUMENT OF TRANSFER WAS LODGED WITH THE COMPANY, SEND TO THE TRANSFREE NOTICE OF REFUSAL INDICATING REASONS F PR SUCH REFUSAL: I. II. III. IV.


114. IF THE DEFAUL IS MADE, THE COMPANY AND EVERY OFFICER OF THE COMPANY WHO IS A PARTY TO DEFAULT SHALL BE LIABLE TO A FINE NOT EXCEEDING: I. II. III. IV.

2500 5000 10000 20000

115. A FURTHER FINE NOT EXCEEDING _________ RUPEES FOR EVERY DAY AFTER THE FIRST DURING WHICH DEFAULT CONTINUES: I. II. III. IV.

200 500 100 50

116. TRANSFER OF SHARES TO SUC CESSOR OR NOMINEE IS CALLED: I. II. III. IV.

TRANMISSION ALTERATION NOMINATION NONE

117. THE LEGAL HEIR AND SUCCESSOR SHALL FURNISH THE FOLLOWING DOCUMENTS TO THE COMPANY FOR TRANSFER OF SHARES: I. II. III. IV.

SHARES CERTIFICATE IN ORIGINAL SHARE TRANFER DEED DEATH CERTIFICATE ALL OF THE ABOVE

118. THE COMPANY ON ITS SATISFACTION, SHALL TRANSFER THE SHARES IN RESPECT OF: I. II. III. IV.

PROECESSOR SUCCESSOR BOTH NONE

119. THE PERSON NOMIATED FOR THE TRANFER OF SHARES IS: I. II. III. IV.

SON STEP-SON ADOPTED-CHILD ALL

120. A PERSON IN HIS LIFE CAN: I. II. III. IV.

TRANSFER OR SHARE THE RIGHTA OF ITS MEMBERSHIP CAN’T SHARE THE RIGHTS OF MEMBERSHIP

AS THE CASE MAY BE NONE

121. THE NOMINATION MADE AND DEPOSITED BEFORE THE DEATH OF THE MEMBER IN LIKE MENNER OR EXPRESSLY CAN BE: I. II. III.

CANCELLED CHANGED BOTH

IV.

NONE

122. THE TRANSFER OF SHARES OR DEBENTURES OF A D ECREASED MEMBER BY HIS NOMINEE OR LEGAL REPRESENTATIVE SHALL ALTHOUGH, HE IS NOT THE HIMSELF THE MEMBER BE AS: I. II. III. IV.

VOID VOIDABLE VALID LEGAL OFFENCE

123. A TRANFER OF SHARES OR DEBENTURES OF A DECEASED PERSON BY HIS NOMINEE OR LEGAL REPRESENTATIVE SHALL, ALTHOUGH THE NOMINEE OR LEGAL REPRESENTATIVE IS NOT HIMSELF A MEMBER ,BE AS VALID IF HE HAD BEEN A MEMBER: I. II. III. IV.

AT THE TIME OF SHARES OR DEBENTURES SUBCRIPTION AT THE TIME OF FORMATION OF COMPANY AT THE TIME OF EXECUTION OF THE INSTRUMENT TRANSFER NONE

124. MAIN CONDITIONS FOR RIGHT ISSUE OF SHARES IS: I. II. III. IV.

THEY ARE ISSUED TO DIRECTORS THEY ARE ISSUED TO PROMOTERS THEY ARE ISSUED TO EXISTING SHARE HOLDER TO THEIR EXISTI NG SHARE HOLDING ALL OF THE ABOVE

125. THE ISSUE OF RIGHT SHARES SHALL BE MADE WITHIN: I. II. III. IV.

UNLIMITED TIME LIMITING TIME 1 DAY 1 WEEK

126. A PUBLIC COMPANY CAN RAISED FURTHER CAPITAL WITHOUT THE ISSUE OF RIGHT S HARES ON THE BASIS OF SPECIAL RESOLUTION IF THE COMPANY HAS GOT PERMISSION FROM: I. II. III. IV.

PROVISIONAL GOVERNMENT SECP DIRECTORS FEDERAL GOVERNMENT

127. A PUBLIC COMPANY MAY RESERVE A C ERTAIN PERCENTAGE OF SHARES/FURTHER ISSUE OF ITS EMPOLYEES UNDER: I. II. III. IV.

COMPANY SCHEME LABOUR SCHEME EMPLOYEE STOCK OPTION SCHEME NONE

128. EMPLOYEE STOCK OPTION SCHEME SHOULD BE APPROVED BY: I. II. III. IV.

PROVISIONAL GOVERNMENT COMMISSION SECP BOTH ii) & iii)

129. THE OFFER OF NEW SHARES SHALL BE STRICTLY IN PROPORTION TO: I. II. III. IV.

NUMBER OF EXISTING SHARE HOLDERS NUMBER OF EXISTING DEBENTURE HOLDERS NUMBER OF EXISTING SHARES HELD NUMBER OF EXISTING DEBENTURES HELD

130. THE OFFER OF NEW SHARES SHALL BE ACCOMPANIED BY A CIRCULAR DULY SIGNED BY: I. II. III. IV.

DIRECTORS OF THE COMPANY OFFICERS OF THE COMPANY REGISTRAR BOTH ii) & i)

131. THE CIRCULAR PUBLISHED BY THE COMPANY FOR THE ISSUE OF RIGHT SHARES;IN THE FORM PRESCRIBED BY THE COMMISSION CONTAIN INFORMATION ON: I. II. III. IV.

ABOUT THE AFFAIRS OF THE COMPANY LATEST STAEMENT OF THE ACCOUNTS SETTING FORTH THE NECESSITY FOR THE ISSUE OF FURTHER SHARE ALL OF THE ABOVE

132. A COPY OR CIRCULAR FOR ISSUE OF FURTHER SHARES DULY SIGNED BY DIRSCTORS OR ON AN OFFICER AUTHORISED SHALL BE FI LED WITH _________ BEFORE CIECULAR IS SENT TO SHAREHOLDER: I. II. III. IV.

COMMISSION FEDERAL GAVERNMENT PROVIONAL GOVERNMENT REGISTRAR

133. THE CIRCULAR SHALL SPECIFY A DATE BY WHICH THE OFFICER, IF NOT ACCEPTED: I. II. III. IV.

WILL BE DEEMED TO BE DECLINED WILL NOT BE DEEMED TO BE DECLINED THEY SHARES CAN BE ISSUED IN SU CH A MANNER AS THEY DEEM FIT BOTH i) & iii)

134. IF A COMPANY C OMPANY INTENDS TO HAVE DIFFERENT KINDS OF SHARE CAPITAL AND CLASSES OF SHARES THEREIN; IT SHALL SO SPECIFICALLY SO PROVIDE IN ITS: I. II. III.

MEMORANDUM ARTICLES BOTH

IV.

NONE

135. NO COMPANY SHALL ISSUE: I. II. III. IV.

FULLY PAID SHARES QUARTERLY PAID SHARES PARTLY PAID SHARES ALL

136. IF A COMPANY C OMPANY HAS PARTLY PAID SHARES ON THE COMMENCEMENT OF THIS ORDINANCE, IT: I. II. III. IV.

SHALL NOT FURTHER SHARE CAPITAL ALL THE SHARES PREVIOUSLY ISSUED HAVE BECOME FULLY PAID UP SHALL PAY DIVIDEND ONLY IN PROPORTION TO THE AMOUNT PAID ON EACH SHARES ALL OF THE ABOVE

137. A COMPANY LIMITED BY SHARES;IF SO AYTHORISED BY ITS ARTICLES MAY ALTER THE CONDITIONS OF ITS: I. II. III. IV.

ARTICLES RESOLUTIONS AGM MEMORANDUM

138. A COMPANY LIMITED BY SHARES; IF SO AUTHORISED BY ITS ARTICLES, MAY ALTER THE CONDITIONS OF ITS MEMORANDUN SO AS TO: I. II. III. IV.

INCREASE ITS SHARE CAPITAL BY SUCH AMOUNT AS IT THINKS EXPEDIENT CONSOLIDATE AND DIVIDE THE WHOLE OR ANY PART OF ITS SHARE CAPITAL INTO LARGER AMOUNT SUB-DIVIDE ITS SHARE, OR ANY OF THEM INTO SMALLER AMOUNT ALL OF THE ABOVE

139. IN THE EVENT OF CONSOLIDATION OR SUB DI VISION OF SHARES ,RIGHTS ATTACHING TO NEW SHARES SHALL BE STRICTLY PROPORTIONAL TO RI GHTS ATTACHING TO: I. II. III. IV.

EXITING SHARES PREFERRED SHARES PREVIOUS SHARES BOTH i) & iii)

140. THE NEW SHARES ISSUED BY A COMPANY SHALL RANK __________ WITH EXISTING SHARES OF THE CLAS TO WHICH THE NEW SHARES BELONG TO ALL ITS MATTERS: I. II. III. IV.

MODUS OPERENDIE BONAFIDE PARI PASSU NONE

141. THE COMPANY SHALL FILE WITH THE REGISTRAR NOTICE OF EXERCISE OF ANY POWER REFER TO POWER OF A COMPANY LIMITED BY SHARES TO ALTER ITS SHARE CAPITAL WITHIN __________ DAYS FROM THE EXERCISE THEREOF: I. II. III. IV.


142. A COMPANY SHALL AS FROM THE DAYS ON WHICH IT BEGINS TO CARRY ON BUSSINESS OR AS FROM _______ DAY AFTER THE DATE OF ITS INCORPORATION, WHICHEVER IS EARLIER, HAVE A REGISTERED OFFICE: I. II. III. IV.


143.IF THE COMPANY FAILS TO REQUIREMENTS GIVEN ABOVE IT SHALL AND EVERY OFFICER OF THE COMPANY WHO KNOWINGLY OR WILLFULLY AYTHORISES OR PERMITS THE DEFAULT SHALL LAIBLE TO A FINE NOT EXCEEDING ________ FOR EVERY DAY DURING WHICH SUCH COMPLIANCE CONTINUES: I. II. III. IV.

15000 10000 200 500

144. EVERY ___________ COMPANY SHALL POINT OR AFFIX AND KEEP PAINTED OR AFFIXED, ITS NAME ON THE OUTSIDE OF EVERY OFFICE OR PL ACE IN WHICH ITS BUSINESS CARRIED C ARRIED ON, IN A CONSPICUOUS POSITION: I. II. III. IV.

PUBLIC COMPANY PRIVATE COMPANY LIMITED COMPANY UNLIMITED COMPANY

145.THE NAME OF THE LIMITED COMPANY PAINTED OR AFFIXED SHOULD BE LEGIBLE AND IN: I. II. III. IV.

ENGLISH URDU BOTH NONE

146. A LIMITED COMPANY SHALL HAVE ITS NAME ENGRAVEN IN LEGIBLE ENGLISH OR URDU CHARACTERS ON ITS: I. II.

SEAL LETTERS

III. IV.

HUNDIS ALL OF THE ABOVE

147. A COMPANY OR OFFICER OF THE COMPANY WHO KNOWINGLY A PARTY MAKES DEFAULT IN COMLYING WITH THW REQUIREMENTS OF PUBLICATION OF AUTHORISED AS WELL AS PAID UP CAPITAL SHALL BE LIABLE TO A FINE WHICH MAY EXTEND TO I. II. III. IV.

10000 5000 7000 8000

148. A PUBLIC COMPANY SHALL NOT COMMENCE ANY BUSINESS UNLESS: I. II. III. IV.

IT HAS RECEIVED MINIMUM SUBCRIPTION OF S HARES DIRECTORS OF THE COMPANY HAS PAID FULL AMOUNT OF S HARES TAKEN IT HAS REPAID ALL MONEY TO APPLICANTS IN C SAE OF FAILURE ALL OF THE ABOVE

149. IF A COMPANY SHALL NOT ISSUE PROSPECTUS INVITING THE PUBLIC TO SUBCRIBE FOR ITS SHARES, THERE HAS BEEN FILED WITH THE REGISTRAR A S TATEMENT: I. II. III. IV.

IN SUBSTITUTE OF PROSPECTUS FOR NOT DISCLOSING PROSPECTUS IN LIEU OF PROSPECTUS BOTH i) & iii)

150. IF THE COMPANY IS DOING OR BORROWING ULTRA VIRUS; EVERY PERSON OR OFFI CER WHO IS RESPONSIBLE FOR CONTRAVENTION, SHALL WITHOUT PREJUDICE TO OTHER LIABILITIES B E LIABLE TO A FINE NOT EXCEEDING ________ FOR EVERY DAY DUARING WHICH THE CONTRAVENTION CONTINUES: I. II. III. IV.

5000 2000 1000 1500

151. THE SECTION 146 OF RESTRICTIONS ON COMMENCEMENT OF BUSINESS SHLL NOT APPLY TO: I. II. III. IV.

PRIVATE COMPANY COMPANY LIMITED BY GAURANTEE COMPANY NOT HAVING SHARE CAPITAL ALL OF THE ABOVE

152. EVERY COMPANY LIMITED BY SHARES AND EVERY COMPANY LIMITED BY GAYRANTEE AND HAVING A SHARE CAPITAL, WITHIN A PERIOD OF NOT LESS ________ FRON THE DATE AT WHICH COMPANY IS ENTITLES TO COMMENCE HOLD A GENERAL MEETING OF THE MEMBERS OF THE COMPANY: I. II.

3 MONTHS 4 MONTHS

III. IV.

5 MONTHS 6 MONTHS

153. THE CASE ABOVE THE MAXIMUM PERIOD FOR HOLDING A GENERAL MEETING OF MEMBERS OF THE COMPANY: I. II. III. IV.

6 MONTHS 7 MONTHS 9 MONTHS 8 MONTHS

154. THE GENERAL MEETING SHALL BE CALLED: I. II. III. IV.

RESOLUTION STATUTORY MEETING BOTH NONE

155. THE DIRECTORS SHALL, AT LEAST __________ __________ BEFORE THE DATE ON WHICH MEETING IS HELD, FORWARD A REPORT, IN THIS ORDI NANCE REFFERED AS THE STATUTORY REPORT TO EVER MEMBER: I. II. III. IV.


156. THE STATUTORY REPORT SHALL BE CERTIFIED BY NOT LESS THAN: I. II. III. IV.

2 DIRECTORS 5 DIRECTORS 3 DIRECTORS 7 DIRECTORS

157. THE STATUTORY REPORT CERTIFIED BY THREE DIRECTORS, ONE OF W HOM SHALL BE: I. II. III. IV.

OWNER OF THE COMPANY SHAREHOLDER OF THE COMPANY CHIEF EXECUTIVE OF THE COMPANY NONE

158. THE STATUTORY REPORT SHALL STATE: I. II. III. IV.

TOTAL AMOUNT OF SHARES DISTINGUISHING SHARES ALLOTED OTHERWISE THAN IN CASH TOTAL AMOUNT OF CASH RECEIVED BY THE COMPANY IN RESPECT OFF ALL SHARE ALLOTED ALL OF THE ABOVE

159. THE STATUTORY REPORT SHALL ALSO CONTAIN A BREIF ACCOUNT OF STATE OF COMPANIES AFFAIRS SINCE ITS:

I. II. III. IV.

INCORPORATION COMMENCEMENT BEGINNING DAY NONE

160. THE DIRECTORS SHALL CAUSE AT LEAST ___________ ___________ COPIES OF STATUTORY REPORT, CERTIFIED AS AFORESAID TO BE DELIVERED TO THE REGISTRAR FOR REGISTRATION FORTHWITH AGTER SENDING THE REPORT TO THE MEMBERS OF THE COMPANY: I. II. III. IV.

5 6 7 15

161. THE RESOLUTION OF WHICH NOTICE HAS NOT BEEN GIVEN IN ACCORDANCE WITH THE ARTICLES MAY BE: I. II. III. IV.

PASSED MAY NOT BE PASSED AS THE CASE MAY OR MAY NOT BE PASSED ONLY I)

162. THE SECTION RELATING TO “STATUTORY MEETING OF COMPANY”IN THE EVENT OF DEFAULT IN

COMLYING WITH THE PROVISIONS OF ANY OF THE S UB-SECTIONS;IF DEFAULT RELATES A LISTED COMPANYA FINE NOT LESS THAN _____________ AND NOT EXCEEDING _________: _________: I. II. III. IV.

10000 --- 15000 10000 ---25000 10000 ---20000 NONE

163. IN CASE OF C ONTINUING DEFAULT TO FURTHER FINE NOT EXCEEDING _________ FOR EVERY DAY AFTER THE DURING WHICH DEFAULT CONTINUES: I. II. III. IV.

1000 5000 2000 3000

164. IF DEFAULTS RELATES TO OTHER THAN LISTED COMPANY, TO A FINE NOT EXCEEDING __________ __________ RUPEES AND IN CASE OF CONTINUING DEFAULT TO FUTHER FINE NOT EXCEEDING __________ FOR EVERY DAY THE FIRST DURING WHICH DEFAULT COMTINUES: I. II. III. IV.

5000 ---300 5000 --- 100 5000 --- 200 NONE

165. THE SECTION “STATUTORY MEETING OF THE COMPANY” SHALL NOT APPLY TO:

I. II. III. IV.

PUBLIC COMPANY PRIVATE COMPANY COMPANY LIMITED BY GAURANTEE ALL

166. IF A PUBLIC PUBL IC IS CONVERTED INTO COMPANY LIMITED BY GAURANTEE THEN THIS SECTION SHALL: I. II. III. IV.

NOT APPLY APPLY SHALL OR NOT APPLY NONE

167. IF A PUBLIC PUBL IC CONVERTS ITSELF FROM A PRIVATE AFTER ___________ YEAR OF INCORPORATION, THIS SECTION SHALL NOT APPLY: I. II. III. IV.

2YEARS 3 YEARS 1 YEAR 5 YEARS

168. EVERY COMPANY SHALL HOLD, IN ADDITION TO ANY OTHER MEETING, A GENERAL MEETING AND ITS GENERAL MEETING, WITHIN ________ MONTHS FROM THE DATE OF ITS INCORPORATION: I. II. III. IV.


169. ANNUAL GENERAL MEETING IN EVERY CALENDAR YEAR WITHIN A P ERIOD OF _________ MONTH FOLLOWING THE CLOSE OF ITS FINANCIAL YEAR: I. II. III. IV.

5 3 4 7

170. THE MAXIMUM PERIOD AFTER THE HOLDING OF ITS L OST PREECEDING ANNUAL GENERAL MEETING IS: I. II. III. IV.


171. IN CASE OF L ISTED COMPANY;THE REGISTRAR MAY GIVE TIME IF NOT BEING THE FIRST SUC H MEETING HELD, SHALL BE HELD BY A PERIOD NOT EXCEEDING: I. II.

40 DAYS 35 DAYS

III. IV.

45 DAYS 30 DAYS

172. IN CASE OF L ISTED COMPANY; AGM WILL BE HELD IN ATOWN IN WHIC H: I. II. III. IV.

COMPANY HAS FACTORY COMPANY IS WORKING ITS REGISTERED OFFICE IS EXISTING BOTH I) & III)

173. THE NOTICE OF AGM, IN CASE OF ITS BEING DISPATCHED IN NORMAL COURSE, S HALL ALSO BE PUNISHED AT LEAST IN ONE ISSUE OF: I. II. III. IV.

DAILY NEWSPAPER ENGLISH DAILY NEWSPAPER URDU BOTH NONE

174. THE PUBLICATION OF NOTICE OF AGM IN NEWSPAPERS,THESE NEWSPAPER HAVING CIRCULATION IN PROVINCE IN WHICH: I. II. III. IV.

COMPANY HAS REGISTERED OFFICE COMPANY IS WORKING BOD LIVES THE STOCK EXCHANGE ON WHICH THE COMPANY IS LISTED

175. IF DEFAULT IS MADE IN COMLPLYING WITH THE REQUIREMENT OF ANNUAL GENERAL MEETING, IF THE DEFAULT RELATES TO LISTED COMPANY THE FINE: I. II. III. IV.

>50,000 < =500,000 >20,000 < 400,000 <50,000 > 500,000 >10,000 < 200,000

176. IN CASE OF C ONTINUING DEFAULT A FURTHER FINE NOT EXCEEDING _________ FOR EVERY DAY AFTER THE FIRST DURING WHICH THE DEFAULT CONTINUES: I. II. III. IV.

5000 3000 4000 2000

177. IF DEFAULT RELATES TO ANOTHER COMPANY, TO A FINE _______: I. II. III. IV.

500,000 200,000 100,000 NONE

178. IN CASE OF C ONTINUING DEFAULT A FURTHER FINE NOT EXCEEDING ________FOR EVERY DAY AFTER THE FIRST DURING WHICH DEFAULT CONTIUES: I. II. III. IV.

700 900 600 500

179. ALL GENERAL MEETINGS OTHER THAN “ANNUAL GENERAL MEETING” AND “STATUTORY MEETING”ARE CALLED:

I. II. III. IV.

SPECIAL RESOLUTION SPECIAL MEETINGS ORDINARY MEETINGS EXTRA ORDINARY MEETINGS

180. THE DIRECTORS MAY AT ANY TIME CALL AN EXTRA ORDINARY GENERAL MEETINGD; THE MINIMUM VOTING POWER OF MEMBERS TO PROCEED TO CALL AN EXTRA ORDINARY GENERAL MEETING: I. II. III. IV.

1/5 3/4 1/10 NONE

181. IF THE DIRECTORS DO NOT PROCEED WI THIN 21 DAYS FROM THE DATE OF REQUISITION BEING SO DEPOSITED TO CAUSE A MEETING TO BE CALLED, THE REQUISITIONISTS MAY THEMSELVES CALL THE MEETING, BUT IN EITHER CASE ANY MEETING SO CALLED SHALL B E HELD WITHIN ______ FROM THE DATE OF DEPOSIT OF THE REQUISITION: I. II. III. IV.


182. THE NOTICE OF EXTRA ORDINARY GENERAL MEETING SHALL BE S ENT TO MEMBERS AT LEAST ______BEFORE THE DATE OF MEETING: I. II. III. IV.


183. IN CASE OF DEFAULT;EVERY OFFICER W HO KNOWINGLY OR WILLFULLY FAILS TO COMPLY WI TH ANY OF THE PROVISIONS OF THIS S ECTION, IF THE DEFAULT RELATES TO A PUBLIC COMAPNBY,TO A FINE: I. II.

>10,000<=20,000 >10,000<15,000

III. IV.

>5,000<10,000 >50,000<100,000

184. IN CASE OF C ONTINUING DEFAULT TO FURTHER FINE WHICH MAY EXTEND TO ________ FOR EVERY DAY AFTER THE FIRST DURING WHICH DEF AULT CONTINUES: I. II. III. IV.

5,000 3,000 2,000 10,000

185. IF THE DEAFULT RELATES TO OTHER COMPANY; TO A FINE WHICH MAY EXTEND TO: I. II. III. IV.

6,000 5,000 3,000 2,000

186. IF THE DEFAULT CONTINUES, A F URTHER FINE WHICH MAY EXTEND TO __________ FOR EVERY DAY AFTER THE FIRST DURING WHICH THE DEFAULT CONTINUES: I. II. III. IV.

500 200 300 700

187. THE NOTICE OF MEETING SHALL SPECIFY: I. II. III. IV. V.

THE PLACE THE DAY AN HOUR OF THE MEETING STATEMENT OF BUSINESS TO BE TRANSACTED AT THE MEETING ALL OF THE ABOVE

188. THE NOTICE OF MEETING SHALL BE GIVEN: I. II. III. IV.

EVERY MEMBER OF THE COMPANY TO ANY PERSON ENTITLED TO SHARES IN CONSEQUENCE OF DEATH OF A MEMBER THE AUDITOR OR AUDITORS OF THE COMPANY ALL OF THE ABOVE

189. THE QUORUM OF A GENERAL MEETING, IN CASE OF PUBLIC COMPANY: I. II. III. IV.

5 MEMBERS 15 MEMBERS 20 MEMBERS 10 MEMBERS

190. THE QUORUM OF A GENERAL MEETING IN CASE OF PUBLIC COMPANY, SHOULD BE 10 MEMBERS AND WHO REPRESENT NOT LESS THAN _______ OF THE TOTAL VOTING POWER:

I. II. III. IV.

15% 20% 25% 50%

191. IN CASE OF (ANY OTHER) COMPANY, THE QUORUM SHOULD BE: I. II. III. IV.


192. IN CASE OF ( ANY OTHER) COMPANY, THE QUORUM SHOULD BE 2 MEMBERS, WHO REPRESENT NOT LESS THAN ________ OF THE VOTING P OWER: I. II. III. IV.

25% 15% 35% 20%

193. IN CASE OF S INGLE MEMBER COMPANY; THE REQUIREMENT FOR THE QUORUM SHOULD BE: I. II. III. IV.

5 MEMBERS 3 MEMBERS SINGLE MEMBER NONE

194. THE MINIMUM TIME DURING WHICH IS QUORUM IS NOT PRESENT;THE MEETING,IF CALLED UPON THE REQUISITION OF THE MEMBERS, SHALL BE DISSOLVED I. II. III. IV.

45 MINUTES 20 MINUTES 35 MINUTES 30 MINUTES

195. IF AT ADJOURNED MEETING A QUORUM IS NOT PRESENT WITHIN HALF AN HOUR FROM THE TIME APPOINTED FOR THE MEETING;THE MEMBERS PRESENT BEING NOT L ESS THAN ________ SHALL BE A QUORUM, UNLESS THE ARTICLES PROVIDE OTHERWISE: I. II. III. IV.


196. WHO WILL BE PRESIDE PRESI DE AS CHAIRMAN AT EVERY GENERAL MEETING OF THE COMPANY: I.

REGISTRAR

II. III. IV.

OFFICER OF THE COMPANY CHAIRMAN OF AGM CHAIRMAN OF BOD

197. AT THE TIME OF VOTING WHICH S HARES SHALL , BE TAKEN INTO ACCOUNT: I. II. III. IV.

FULLY PAID UP PARTIALLY PAID UP FRACTIONAL SHARES BOTH II) & III)

198. IN CASE OF C OMPANY LIMITED BY GAURANTEE AND HAVING NO SHARE CAPITAL, EVERY MEMBER THEREOF SHALL HAVE: I. II. III. IV.

10 VOTES 5 VOTES 3 VOTES 1 VOTE

199. IN CASE OF ANY DEFAULT ,EVERY OFFICER WHO KNOWING OR WILLFULLY FAILS TO COMPLY WITH PROVISIONS AS TO MEETINGS AND VOTES, IN CASE OF LISTED COMPANY TO FINE WHICH MAT EXTEND TO___________ TO___________ RUPEES: I. II. III. IV.

20,000 30,000 50,000 10,000

200. IN CASE OF C ONTINUING DEFAULT TO AFURTHER FINE WHICH MAY EXTEND TO _______ FOR EVERY DAY AFTER THE FIRST DURING WHICH THE DEAFULT CONTINUES: I. II. III. IV.

5,000 3,000 2,000 NONE

201. IF THE DEAFULT RELATES TO ANY OTHER COMPANY, TO AF INE NOT EXCEEDING ________ RUPEES: I. II. III. IV.

15,000 10,000 5,000 1,000

202. IN CASE OF C ONTINUING DEFAULT TO A FURTHER FINE WHICH MAY EXTEND TO _______ RIPEES FOR EVERY DAY AFTER THE FIRST DURI NG WHICH DEFAULT CONTINUES: I. II. III.

500 200 100

IV.

1,000

203. PROXIES CAN’T BE APPOINTED IN CASE OF COMPANY: I. II. III. IV.

LIMITED BY GAURANTEE LISTED COMPANY COMPANY NOT HAVING SHARE CAPITAL NONE

204. IF A MEMBER APPOINTS MORE THAN ONE PROXIES THEN THIS IS: I. II. III. IV.

VOID VOIDABLE VOID AB INITIO INVALID

205. A PROXY MUST BE A ____ UNLESS THE ARTICLES OF THE COMPANY PERMITS APPOINTMENT OF A NON-MEMBER AS PROXY: DIRECTOR I. II. III. IV.

AUDITOR SHAREHOLDER MEMBER BOTH III) & IV)

206. THE PROXIES SHALL BE LODGED WI TH THE COMPANY NOT LATER THAN ______BEFORE THE THE TIME OF MEETING: I. II. III. IV.

24 HOURS 48 HOURS 12 HOURS NONE

207. IF THE PROXIES S HALL,SENT WITHIN 48 HOURS TO THE COMPANY; THE PROVISIONS CONTRARY TO THE ARTICLES OF THE COMPANY SHALL BE: I. II. III. IV.

VALID VOID VOIDALBE BOTH II)& III)

208. IN CASE OF F AILURE TO THE PROVISIONS OF THIS SECTION; IN C ASE OF LISTED COMPNY A FINE WHICH MAY EXTEND TO: I. II. III. IV.

3,000 4,000 5,000 6,000

209. IN CASE OF ANY OTHER COMPANY A FINE WHICH MAY EXTEND TO _______ RUPEES I. II. III. IV.

3,000 4,000 3,000 2,000

210. IN SHOW OF HANDS, EVERY MEMBER HAS ONE VOTE AND PROXY: I. II. III. IV.

IS COUNTED IS NOT COUNTED ONLY I) BOTH I) & II)

211. IN CASE OF POLL; VOTE IS COSTED AGIANST: I. II. III. IV.

DEBENTURES SECURITIES SHARES NONE

212. IN CASE OF POLL DEMAND; EVEN PROXY: I. II. III. IV.

IS NOT ALLOWED IS ALLOWED ONLY I) NONE

213. BEFORE OR ON THE DECLARATION OF THE RESULT OF VOTING VOTING ON ANY RESOLUTION ON A SHOW OF HAND, ADEMAND FOR POLL CAN BE MADE; I F IN CASE OF PUBLIC COMPANY, BY AT LEAST ____________ ____________ MEMBERS HAVING THE RIGHT TO VOTE VOTE ON THRE RESOLUTION AND PRESENT IN PERSON OR BY PROXY: I. II. III. IV.


214. IN CASE OF PRI VATE COMPANY; A DEMAND FOR POLL CAN BE MADE BY: I. II. III. IV.

3 MEMBERS 5 MEMBERS 1 MEMBER 7 MEMBERS

215. IF NOT MORE THAN SEVEN SUCH MEMBERS ARE PERSONALLY PRESENT AND BY ________ SUCH MEMBERS PRESENT IN PERSON OR BY PROXY IF MORE THAN SEVEN SUC H MEMBERS ARE PERSONALLY PRESENT:

I. II. III. IV.

5 3 4 2

216. A DEMAND FOR POLL CAN BE MADE BY ANY MEMBER OR MEMBERS PRESENT IN PERSON OR BY PROXY AND HAVING NOT LESS THAN _________ OF THE TOTAL VOTING POWER IN RESPECT OF RESOLUTION: I. II. III. IV.

3/4 TH 5/10 TH 2/10 TH 1/10 TH

217. A POLL DEMAND ON THE ELECTION OF A CHAIRMAN OR ON THE QUESTION OF ADJOURNMENT SHALL BE TAKEN FORTHWITH AND A POLL DEMANDED ON ANY OTHER QUESTION SHALL BE TAKEN AT SUCH TIME, NOT MORE THAN __________ DAYS FROM THE DAY ON WHICH IT IS DEMANDED, AS THE CHAIRMAN OF THE MEETING MAY DIRECT: I. II. III. IV.


218. A COPY OF THE MINUTES OF MEETING OF THE BOARD OF DIRECTORS SHALL BE FURNISHED TO EVERY DIRECTOR WITHIN ________ DAYS OF THE DATE OF MEETING I. II. III. IV.


219. THE BOOKS CONTAINING THE MINUTES OF PROCEEDINGS OF THE GENERAL MEETINGS OF A COMPANY AND THOSE OF THE MEETINGS OF THE DIRECTORS AND COMMITTEE OF DIRECTORS SHALL BE KEPT AT THE REGISTERED: I. II. III. IV.

OFFICE OF THE SECP STOCK EXCHANGE OFFICE OF THE COMPANY NONE

220. IN THE EVENT OF FALIURE EVERY OFFIC ER OF THE COMPANY WHO KNOWINGLY OR WILLFULLY I N DEFAULT SHALL BE LIABLE TO A FINE WHICH MAY EXTEND TO: I. II.

3,000 5,000

III. IV.

7,000 3,500

221. A FURTHER FINE WHICH MAY EXTEND TO ________ RUPEES FOR EVERY DY AFTER THE FIRST DAY DURING WHICH FAILURE CONTINUES: I. II. III. IV.

500 300 200 100

222. THE MINUTES OF THE GENERAL MEETINGS CAN BE INSPECTED BY THE MEMBERS DURING THE BUSSNIESS HOURS, SUBJECT TO SUC H REASONBALE RESTRICTIONS AS THE COMPANY MAY BY ITS ARTICLES OR IN GENERAL MEETING IMPOSE SO THAT NOT LESS THAN ________ ________ HOURS IN EACH DAYS BE ALLOWED FOR INSPECTIONS: I. II. III. IV.

5 HOURS 3 HOURS 2 HOURS 7 HOURS

223. ANY MEMBER SHALL AT ANY TIME AFTER SEVEN DAYS FROM THE MEETING BE ENTITLED TO BE FURNISHED, WITHIN __________ DAYS IN THAT BEHALF TO THE COMPANY, WITH A CERTIFIED COPY OF THE MINUTES OF ANY GENERAL MEETINGS AT SUCH CHARGENOT ERXCEEDING THE PRTESCRIBED AMOUNT AS MAY BE FIXED BY THE COMPANY: I. II. III. IV.

5 DAYS 6 DAYS 3 DAYS 1 WEEK

224. IN CASE DEFAULT OF THE P ROVISIONS DESCRIBEDABOVE IN (223 & (224), EVER OFFICER OF THE COMPANYWHO IS KNOWINGLY OR WILLFULLY IN DEFAULT SHALL B E LIABLE IN RESPECT OF EACH EAC H OFFENCE TO A FINE WHICH MAY EXTEND TO: I. II. III. IV.

2,000 3,000 1,000 NONE

225. IN CASE OF C ONTINUING DEFAULT TO A FURTHER FINE WHICH MAY EXTEND TO __________FOR EVERY DAY AFTER THE FIRST DAY DURING W HICH THE DEFAULT CONTINUES: I. II. III. IV.

20 50 100 150

226. MINIMUM NUMBER OF DIRECTORS, IN CASE OF LISTED PUBLIC COMPANY: I. II. III. IV.

5 3 2 7

227. IN CASE OF PRI VATE COMPANY I. II. III. IV.

7 4 2 NONE

228. FOR UNLISTED PUBLIC COMPANY: I. II. III. IV.

5 7 3 1

229. SINGLE MEMBER COMPANY: I. II. III. IV.

7 2 1 3

230. IF THE DIRECTORS ARE NOT APPOINTED BY VIRTUE OF ARTICLES, WHO ELECT THE DIR ECTORS: I. II. III. IV.

REGISTRAR PROMOTERS SUBCRIBER OWNERS

231. SUBSCRIBERS ELECT THE DIRECTORS WI THIN ____ DAYS FROM THE DATE OF INCORPORATION: I. II. III. IV.

21 DAYS 28 DAYS 15 DAYS NONE

232. FIRST DIRCTORS HOLD THE OFFICE UPTILL THE HOLDING OF ____________ AND TAKING OVER THE OFFICER BY THE NEXT BOARD OF DIRECTORS: I. II. III. IV.

EOGM SPECIAL RESOLUTION GENERAL MEETING FIRST AGM

233. THE DIRECTORS OF A COMPANY SHALL SU BJECT TO SECTION 174,FIX THE NUMBER OF ELECTED DIRECTORS NOT LATER THAN __________ BEFORE CONVENING OF GENERAL MEETING AT WHICH DIRECTORS ARE TO BE ELECTED: I. II. III. IV.


234. ANY PERSON WHO SEEKS TO CONTEST AN ELECTION TO THE OFFICE OF DIRECTORS SHALL, WHETHER HE IS RETIRING DIRECTORS OR OTHERWISE, FI LE WITH THE COMPANY NO LATER THAN __________ BEFORE BEFORE THE DATE OF MEETING AT WHICH ELECTIONS ARE TO BE HALD: HALD: I. II. III. IV.


235. ALL NOTICES RECEIVED BY THE COMPANY IN PURSUANCE OF ABOVE SUB-SECTION SHALL BE TRANSMITTED TO THE MEMBERS NOT LATER THAN _________ _________ BEFORE THE DATE OF THE MEETING: I. II. III. IV.


236. NO PERSON SHALL BE APPOINTED OR NOMINATED AS A DIRECTOR OR CHIEF EXECUTIVE OF COMPANY OR REPRESENT AS HOLDING SUCH OFFICE UNLESS S UCH PERSON OR SUCH OTHER PERSON HAS GIVEN: I. II. III. IV.

APPOINTED LETTER HIS CONSENT IN WRITING FOR SUCH APPOINTMENT BOTH NONE

237. WITHIN ___ DAYS FROEM THE DATE OF APPOINTMENT A NOMINATION, AS THE CASE MAY BE, THE COMPANY SHALL FILE WITH THE REGISTRAR A LIST OF PERSONS WHO HAVE CONSENTED TO ACT AS DIRECTOR OR CHIEF EXECUTIVE OF THE COMPANY ALONG WITH THE CONSENT TO DO SO IN THE PERSCRIBED FORM: I. II. III. IV.

21 DAYS 35 DAYS 14 DAYS NONE

238. NO PERSON SHALL BE APPOINTED AS A DIRECTOR OF A COMPANY IF HE: I.

MINOR

II. III. IV.

OF UNSOUND MIND INSOLVENT ALL

239. IF A PERSON HAS BEEN CONVICTED BY A COURT OF LAW FOR AN OFFENCE INVOLVING MORAL TURPITUDE; HE CAN’T BE:

I. II. III. IV.

CHIEF EXECUTIVE OFFICER OF THE COMPANY DIRECTOR NONE

240. IF A PERSON HAS BETRAYED LACK OF FUDICIARY BEHAVIOUR AND A D ECLARATION TO THIS EFFECT HAS BEEN MADE BY COURT AT ANY TIME DURING THE PRECEEDING FIVE YEARS, HE SHALL NOT BE APPOINTED AS: I. II. III. IV.

OFFICER OF THE COMPANY REGISTRAR OF THE COMPANY SECRETARY OF THE COMPANY DIRECTOR OF THE COMPANY

241. A DIRCTOE SHALL ISPSO FACTO CEASE TO HLD OFFICE IF: I. II. III. IV.

HE BECOMES INELIGIBLE TO APPOINTED A DIRECTOR HE ABSENTS HIMSELF FROM THREE CONSECUTIVE MEETINGS OF DIRECTORS HE ABSENTS FROM ALL THE MEETINGS OF DIRECTORS FOR A CONTINUES PERIOD OF THREE MONTHS ALL OF THE ABOVE

242. EVERY COMPNAY, SHALL HAVE A CHIEF EXECUTIVE EX CEPT OTHER THAN A COMPANY: I. II. III. IV.

MANAGED BY A MANAGING AGENT MANAGED BY A PROFESSIONAL BODY MANGED BY DIRECTORS NONE

243. THE DIRECTOR OF EVERY COMPANY SHALL AS FROM THE DATE F ROM WHICH IT COMMENCES BUSINESS OR AS FROM A DATE NOT LATER THAN THE _______ AFTER THE DATE OF INCORPORATION: I. II. III. IV.


244. WITHIN _______ DAYS FROM THE DATE OF ELECTION OF DIRECTORS OR THE OFFICE OF THE CHIEF EXECUTIVE FALLING VACANT AS THE CASE MAY BE, THE DIRECTORS OF THE COMPANY SHALL APPOINT ANY PERSON INCLUDING AN ELECTOR DIRECTOR, TO BE THE CHIEF EXECUTIVE: I.

28 DAYS

II. III. IV.

7 DAYS 14 DAYS 21 DAYS

245. THE APPOINTMENT OF THE CHIEF EXECUTIVE SHALL NOT BE FOR A PERIOD EXCEEDING _________ YEARS FROM THE DATE OF APPOINTMENT: I. II. III. IV.

5 YEARS 3 YEARS 4 YEARS 9 YEARS

246. THE CHIEF EXECUTIVE SHALL, IF HE IS NOT ALREADY A DIRECTOR OF THE COMPANY, BE DEEMED TO BE ITS __________ AND BE ENTITLED TO ALL RIGHTS AND PRIVILEGES, AND SUBJECT TO ALL THE LIABILITIES, OF THAT OFFICE: I. II. III. IV.

SECRETARY OFFICER DIRECTOR BOTH I) & III)

247. THE DIRECTORS OF ACOMPANY BY RESOLUTION PASSED BY NOT L ESS THAN __________ __________ OF THE TOTAL NUMBER OF DIRECTORS FOR THE TIME BEING OR THE COMPANY BY A SPECIAL RESOLUTION, MAY REMOVE A CHIEF EXECUTIVE BEFORE THE EXPIRATION OF HIS TERM OF OFFICE: I. II. III. IV.

1/10 3/4 1/2 NONE

248. A CHIEF EXECUTIVE OF _________ COMPANY COMPANY SHALL NOT DIRECTLY OR INDIRECTLY ENGAGE IN ANY BUSINESS WHICH IS OF SAME NATURE AND DIRECTLY COMPLETES WITH THE BUSINESS CARRIED ON BY THE COMPANY OF WHICH HE IS CHIEF EXECUTIVE OR BY A SUBSIDARY OF SUCH A COMPANY: I. II. III. IV.

HOLDING COMPANY SUBSIDARY COMPANY PUBLIC COMPANY PRIVATE COMPANY

249. EVERY PERSON SHALL (INCLUDING DIRECTORS, OFFICERS,C HIEF EXECUTIVE,MANAGING AGENT SECRETARY,CHIEF ACCOUNTANT,AUDITORS AND LEGAL ADVISOR) SHALL WITHIN A PERIOD OF _________ DAYS OF HIS APPOINTMENT APPOINTMENT OR ANY CHANGE THERIN, AS THE CASE MAY MAY BE, FURNISHED TO THE COMPANY THE PARTICULARS(REGISTER OF DIRECTORS,OFFICERS,ETC) I. II. III. IV.


250. THE PERIOD WITHIN WHICH THE COMPANY SHALL FILE WITH REGISTRAR A RETURN IN DUPLICATE IS TO FILED WITH THE REGITRAR SHALL BE A PERIOD OF ___________FROM ___________FROM THE DATE OF INCORPORATION: I. II. III. IV.


251. IF DEFAULT IS MADE IN COMPLYING WITH ABOVE SECTION, THE COMPANY AND EVERY OFFICER OF THE COMPANY OR OTHER PERSON WHO IS KNOWINGLY AND WILLFULLY IN DEFAULT SHALL BE LIABLE TO A FINE WHICH MAY EXTEND TO: I. II. III. IV.

3,000 5,000 4,000 2,000

252. IN CASE OF C ONTINUING DEFAULT, TO A FURTHER FINE WHICH MAY EXTEND TO _______ FOR EVERY DAY AFTER THE FIRST DURING WHICH DEF AULT CONTINUES: I. II. III. IV.

100 200 30 50

253. NO DIRECTOR, CHIEF EXECUTIVE, MANAGING AGENT, CHIEF ACCOUNTANT,SECRETARY OR AUDITOR OF A LISTED COMPANY & NO PERSON WHO IS DIRECTLY OR INDIRECTLY THE BENEFICIL OWNER OF NOT LESS THAN _________ PERCENT OF LISTED EQUITY SECURITIES OF SUCH COMPANY, SHALL PRACTICE DIRECTLY OR INDIRECTLY SHAORT SELLING SUCH SECURITIES: I. II. III. IV.

5 15 10 20

254. WHERE ANY DIRECTOR, CHIEF EXECUTIVE, MANAGING AGENT, C HIEF ACCOUNTANT, SECRETARY OR AUDITOR OF A LIS TED COMPANY OR ANY PERSON WHO IS DIRECTLY OR INDIRECTLY THE BENEFICIAL OWNWE OF MORE THAN _______ % OF LISTED SECURITIES MAKES ANY G AIN BY THE PURCHASE AND SALE OR SALE AND PURCHASE: I. II. III. IV.

5 10 15 20

255. THE PURCHASE & SALE OR S ALE & PURCHASE, OF ANY SUCH SECURITY WITHIN PERIOD OF LESS:

I. II. III. IV.


256. THE RESPONSIBLE PERSON (WHO SELL OR PURCHASE SECURIT IES) SHALL MAKE A REPORT AND TENDER THE AMOUNT OF SUCH GAIN TO COMPANY AND SIMUTANEOUSLY SEND AN INTIMATION TO THIS EFFECT TO THE REGISTRAR: I. II. III. IV.

DIRECTORS SECP COMMISSION BOTH II) & III)

257. A PERSON WHO KNOWINGLY OR WILL FULLY CONTRAVENES OR OTHERWISE FAIL TO COMPLY WUTH THE PROVISIONS OF THIS SECTION SHALL BE LIABLE TO FINE WHICH MAY EXTEND TO: I. II. III. IV.

10,000 20,000 30,000 50,000

258. IN CASE OF CONTINUING DEFAULT TO A FURTHER FINE WHICH MAY EXTEND TO ________ FOR EVERY DAY AFTER THE FIRST DURING WHICH SUCH DEFAULT CONTINUES: I. II. III. IV.

2,000 3,000 1,500 1,000

259. IF AN OFFICER OFFIC ER OR OTHER AGENT OF A COMPANY OTHER THAN ___________ ___________ ENTERS INTO A CONTRACT FOR ON THE BEHALF OF COMPANY: I. II. III. IV.

PUBLIC COMPANY PRIVATE COMPANY HOLDING COMPANY NONE

260. IF IN THE CONTRACT THE COMPANY IS AN UNDISCLOSED PRINCIPAL SHALL, AT THE TIME OF ENTERING INTO THE CONTRACT, MAKE A ___________ ___________ IN WRITING OF TERMS OF THE CONTRACT AND SPECIPY THEREIN THE PAERSON WITH WHICH IT HAS BEEN MADE: I. II. III. IV.

ARTICLES POLICY MEMORANDUM LAW

261. IF ANY SUCH OFFICER OFFI CER OR OTHER AGENT MAKES DEFAUL IN COMPLYING WITH THE REQUIREMENTS OF THIS SECTION, THE CONTRACT SHALL, AT THE OPTION THE COMPANY BE _________ AS AGAINST COMPANY: I. II. III. IV.

VALID VOIDABLE VOID NONE

262. SUCH OFFICER OR OTHER AGENT SHALL BE LIABLE TO A FINE NOT EXCEEDING: I. II. III. IV.

3,000 5,000 4,000 2,000

263. THE DIRECTORS OF EVERY COMPANY SHALL AT SOME DATE NOT LATER THAN __________ AFTER THE INCORPORATION OF THE COMPANY AND SUBSEQUENTLY ONCE AT LEAST IN EVERY CALENDAR YEAR LAY BEFORE THE COUNTRY: I. II. III. IV.


264. IN CASE OF THE FIRST ACCOUNT FOR THE PERIOD SINCE THE INCORPORATION OF THE COMPANY AND IN ANY OTHER SINCE THE PRECEEDING ACCOUNT, MADE UP TO DATE NOT EARLIER THAN THE DATE OF THE MEETING BY MORE THAN ____________ ____________ MONTHS: I. II. III. IV.

5 3 4 NONE

265. IN CASE OF A LISTED COMPANY THE COMMISSION AND N ANY OTHER CASE THE REGISTRAR MAY, FOR ANY SPECIAL REASON, EXTEND THE PERIOD FOR A TERM NOT EXCEEDING _______ MONTHS I. II. III. IV.

1 2 3 6

266. THE PERIOD TO WHICH THE ACCOUNT AFORESAID RELTE SHALL NOT EXCEED ___________ MONTHS EXCEPT WHERE SPECIAL PERMISSION HAS BEEN GRANTED IN THE BEHALF OF THE REGISTRAR: I. II. III.

18 MONTHS 16 MONTHS 9 MONTHS

IV.

12 MONTHS

267. THE COPIES OF “FINANCIAL REPORT” & AUDIT REPOT SHAOULD BE SEND TO EVERY MEMBERS OF

THE COMPANY AT LEAST __________ DAYS BEFORE MEETING AT WHICH IT IS TO BE LAID BEFORE THE MEMBERS OF THE COMPANY: I. II. III. IV.


268. THE LISTED COMPANY SHOULD SIMULTANEOUSLY WITH THE DISPATH OF REPORTS TO THE MEMBERS SEND _________ COPIES EACH OF TO THE COMMISION, THE STOCK EXCHANGE & REGISTRAR: I. II. III. IV.

7 3 5 NONE

Multiple Choice Questions---Companies Ordinance 1984/ Corporate Law/ Company Law for ACMA (ICMAP) & CA Students--Rehan Aziz Shervani----Abdul Wahid Ali (Co-researcher)

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