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Past papers/ Corp Laws/ November 2023
Paper 6 Qs
Mock Test Paper (MTP) · November 2023

CA Inter Corp Laws

This page contains all 6 questions from the CA Inter Corporate & Other Laws Mock Test Paper (MTP) for the November 2023 attempt cycle, sourced from VSI Jaipur.

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Q.18 01 marks easy Special resolution voting threshold ⚡ Try this Q →
A resolution shall be a special resolution when the votes cast in favour of the resolution by members are not less than ________ the number of votes, if any, cast against the resolution:
(A) Twice
(B) Three times
(C) Three fourth of
(D) Two third of
CTTP

Worked Solution

✓ Verified

Answer: (B) Three times

Under Section 114 of the Companies Act, 2013, a special resolution requires that the votes cast in favor of the resolution by members present and voting shall be not less than three-fourths of the total votes cast. Mathematically, if votes in favor = V_f and votes against = V_a, then: V_f ≥ (3/4) × (V_f + V_a). Simplifying: V_f - (3/4)V_f ≥ (3/4)V_a, which gives (1/4)V_f ≥ (3/4)V_a, or V_f ≥ 3V_a. Thus, votes in favor must be at least three times the votes cast against. Example: if total votes are 100, votes in favor must be ≥ 75, leaving at most 25 against; 75 ÷ 25 = 3.

Section 114 of the Companies Act, 2013
PLAN

Write it like this

Time target 1 min 48 sec

1The skeleton

- Write the answer option first — for MCQ, your first word should be the option letter (B) + the answer phrase; examiners glance at MCQs fast and need the answer visible immediately.
- Drop the section number in one line — state 'Section 114, Companies Act, 2013' right after your option; this single move signals you're not guessing and locks in partial-credit intent.
- Add the 3/4 of total votes logic in one sentence — show you know the base rule (3/4 of total votes cast) and that 'three times votes against' is just the algebraic outcome; this is what separates 1-mark scorers from 0-mark scorers on tricky MCQs.

2Examiner-rewarded phrases

“votes cast in favour are not less than three times the votes cast against”“members present and voting at the meeting”“as per Section 114 of the Companies Act, 2013”

3Common trap

Don't fall for this

Don't confuse 'three times votes against' with 'three-fourths of total votes' — both are true but they're different expressions of the same rule, and if the option says 'three-fourths' you'll pick it thinking it's correct when the question is specifically asking about the ratio to votes against, not total votes.

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Q.19 01 marks easy Negotiable instrument drawn in favour of minor ⚡ Try this Q →
A negotiable instrument drawn in favour of a minor is:
(A) Void ab initio
(B) Void but enforceable
(C) Valid
(D) Quasi contract
CTTP

Worked Solution

✓ Verified

Answer: (C)

A negotiable instrument drawn in favour of a minor is valid. Under the Negotiable Instruments Act, 1881, a minor can be named as the payee and can receive and hold a negotiable instrument. The validity of the instrument is not affected by the fact that the payee is a minor. However, while the instrument itself is valid, the minor's capacity to further negotiate or enforce the instrument may be limited by general principles of contract law (Indian Contract Act, 1872), as a minor lacks contractual capacity. The instrument is not void ab initio, nor is it enforceable only if void—it is simply valid as a negotiable instrument, though the minor's ability to exercise certain rights may be restricted.

Negotiable Instruments Act, 1881Indian Contract Act, 1872
PLAN

Write it like this

Time target 1 min 48 sec

1The skeleton

- Write the answer letter first (C) + the one-word verdict 'valid' — examiners tick MCQs in 3 seconds, your label must be visible instantly.
- Drop the section reference: Negotiable Instruments Act, 1881 — even in MCQs, citing the Act shows legal grounding and separates you from guessers.
- State WHY it's valid in one line — minor as payee is permitted; the instrument's validity is independent of the payee's contractual capacity.
- Add the nuance line — minor cannot further negotiate/enforce due to Indian Contract Act, 1872; this shows you know the edge and prevents the examiner from thinking you oversimplified.

2Examiner-rewarded phrases

“a minor can be a payee of a negotiable instrument”“the instrument is valid though the minor's capacity to negotiate or enforce may be restricted”“validity of the instrument is not affected by the minority of the payee”

3Common trap

Don't fall for this

Watch out — most students either mark it 'void' because they confuse 'minor cannot contract' with 'minor cannot receive', or they mark it 'voidable' borrowing from Indian Contract Act logic. The NI Act treats the payee's minority separately from contract law — the instrument is simply valid, full stop.

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Q.20 01 marks easy Dividend payment period after declaration ⚡ Try this Q →
Dividend once declared, should be paid within_____________ days from the date of declaration.
(A) 14
(B) 21
(C) 30
(D) 60
CTTP

Worked Solution

✓ Verified

Answer: (C)

According to Section 127 of the Companies Act, 2013, every company shall pay any dividend due on shares within 30 days from the date of declaration or within 30 days from the date on which it becomes due and payable, whichever is later. This 30-day period is a mandatory compliance requirement to ensure timely disbursement of shareholder dividends.

Section 127 of the Companies Act, 2013
PLAN

Write it like this

Time target 1 min 48 sec

1The skeleton

- Lock in the answer immediately — for MCQs, write '(C) 30 days' first, then cite the section, so the examiner sees your answer before anything else.
- Name Section 127 of the Companies Act, 2013 right after — this is the anchor; without it, even a correct option gets zero credit in theory-based MCQs.
- State the trigger point clearly — 'from the date of declaration' is the key phrase; include it so the examiner knows you understand the clock-start, not just the number.

2Examiner-rewarded phrases

“within 30 days from the date of declaration”“as per Section 127 of the Companies Act, 2013”“mandatory compliance requirement for timely disbursement of dividend”

3Common trap

Don't fall for this

Watch out — many students confuse the 30-day payment window (Section 127) with the 5-day transfer-to-Unpaid Dividend Account rule (Section 124). If you accidentally write '5 days' or mix up these two timelines, you'll flip the answer entirely even though you know the concept cold.

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Q.21 02 marks easy SEBI application for reopening books of accounts - limitatio ⚡ Try this Q →
ABC Limited has its shares listed on a recognized stock exchange in India. During the current financial year ending on 31st March 2023, the Securities and Exchange Board of India (SEBI) has found some irregularities in the filings made by the company. Accordingly, SEBI proposes to make an application to the Tribunal for reopening of the books of accounts of the Company. You, as an expert, are called upon by SEBI to advise with which last financial year for reopening of books of accounts an application can be made?
(A) 2016-2017
(B) 2014-2015
(C) 2011-2012
(D) 2012-2013
Keep reading free — every worked solution + bare-Act citation for SEBI application for reopening books of accounts - limitation period
✓ 11-line worked answer · ✓ 1 bare-Act citation · ✓ 3 examiner-rewarded phrases · ✓ Common-trap warning · ✓ How-to-write skeleton
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Q.22 01 marks easy Auditor appointment in Government Company ⚡ Try this Q →
The auditor of a Government Company shall be appointed or re-appointed by:
(A) The Central Government
(B) Comptroller and Auditor General of India (CAG)
(C) Central Government on the advice of Comptroller and Auditor General of India
(D) Chairman of the Board of Directors
Keep reading free — every worked solution + bare-Act citation for Auditor appointment in Government Company
✓ 6-line worked answer · ✓ 1 bare-Act citation · ✓ 3 examiner-rewarded phrases · ✓ Common-trap warning · ✓ How-to-write skeleton
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Q.23 01 marks easy Harmonious construction on conflict between statutes ⚡ Try this Q →
When there is a conflict between two or more statues or two or more parts of a statute then which rule is applicable:
(A) Welfare construction
(B) Strict construction
(C) Harmonious construction
(D) Mischief Rule
Keep reading free — every worked solution + bare-Act citation for Harmonious construction on conflict between statutes
✓ 8-line worked answer · ✓ 2 bare-Act citations · ✓ 3 examiner-rewarded phrases · ✓ Common-trap warning · ✓ How-to-write skeleton
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