HeyArtha HeyArtha

CA Inter Corporate and Other Laws MCQ Test 8

Group 1May 2027 attempt30 marks60 minutesNo negative marking
Marks
30
Time
60 minutes
Questions
15
Scenarios
6
Negative marking
None
Attempt
May 2027
Law basis
Companies Act 2013 and Rules, Limited Liability Partnership Act 2008, General Clauses Act 1897, interpretation of statutes and Foreign Exchange Management Act 1999 as in the ICAI Study Material for Paper 2 (August 2025 edition, amendments up to 31 July 2025)
Content as of
2026-11-01

Chapters covered

More tests in this paper

About this test

This practice test covers Corporate and Other Laws for CA Intermediate Group 1 students preparing for the January 2027 examination attempt. It carries 30 marks across 15 questions in 6 case scenarios with a time limit of 60 minutes and no negative marking.

Questions people ask

What does this Corporate and Other Laws test cover?

This practice paper carries 30 marks across 15 questions arranged in 6 case scenarios covering Chapter 7: Management and Administration, Chapter 2: Incorporation of Company and Matters Incidental Thereto, Chapter 5: Acceptance of Deposits by Companies, Other Laws 3: Foreign Exchange Management Act, 1999, Chapter 12: Limited Liability Partnership Act, 2008, Other Laws 2: Interpretation of Statutes. Each scenario presents realistic commercial and corporate situations, requiring you to apply statutory rules.

How many questions are there and what is the time limit?

There are 15 questions carrying 2 marks each, giving a maximum score of 30 marks. The time limit is 60 minutes. There is no negative marking, so an incorrect answer costs nothing.

Which statutory enactments and amendments are tested?

The questions follow the ICAI Study Material for Paper 2 (August 2025 edition, with amendments up to 31 July 2025), relevant for the May 2027 examination attempt. This covers the Companies Act 2013 and relevant Rules, the Limited Liability Partnership Act 2008, the General Clauses Act 1897, Interpretation of Statutes, and FEMA 1999.

Which specific chapters are included in this paper?

The questions are drawn from Chapter 7: Management and Administration, Chapter 2: Incorporation of Company and Matters Incidental Thereto, Chapter 5: Acceptance of Deposits by Companies, Other Laws 3: Foreign Exchange Management Act, 1999, Chapter 12: Limited Liability Partnership Act, 2008, Other Laws 2: Interpretation of Statutes. They evaluate statutory thresholds, compliance timelines, board procedures, corporate governance, and interpretation principles.

Is this test affiliated with ICAI?

No. This is an independent practice paper prepared for CA Intermediate students. It is not issued by or affiliated with ICAI. Questions are prepared with AI tools and cross-checked by independent solvers; they are not reviewed by a Chartered Accountant.

How do exam mode and practice mode work?

In exam mode the test is timed and marked upon final submission, providing your score, tier, and a performance certificate. In practice mode you can review answers and statutory citations as you work through the questions.

Are the questions purely theoretical or application-oriented?

Every question is application-oriented and based on a detailed factual case scenario with realistic corporate events, dates, board resolutions, and transactions.

What should I do if I notice a potential mistake in a question?

Every question on the review screen includes a Report a mistake button that allows students to submit feedback directly.

Practice test by HeyArtha. Not issued by or affiliated with ICAI.