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100+ Free ICAB CL Business Law Practice Questions
ICAB CA Certificate Level Business Law (Bangladesh) practice questions are available now; exam metadata is being verified.
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2026 Statistics
Key Facts: ICAB CL Business Law Exam
1.5 hours
Official exam duration
ICAB Syllabus 2023 Business Law module
50 marks
Paper total marks
ICAB Syllabus 2023
Tk. 1,200
CL fee per 50-mark subject
ICAB application-fees page
40%
Companies Act 1994 weighting
ICAB Syllabus 2023 specification grid
ICAB CL Business Law is a 50-mark, 1.5-hour Certificate Level paper (exam fee commonly Tk. 1,200). Syllabus 2023 weights: Companies Act 40%, Negotiable Instruments 20%, Partnership Act 20%, Contract & Sale of Goods Acts 20%. This free set offers 100 practice MCQs mapped to those areas.
Sample ICAB CL Business Law Practice Questions
Try these sample questions to test your ICAB CL Business Law exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.
1What is the minimum number of directors required for a public limited company under the Companies Act, 1994 of Bangladesh?
A.One director
B.Two directors
C.Three directors
D.Five directors
Explanation: Under Section 90 of the Companies Act, 1994, every public company must have at least three directors. Private companies are required to have at least two directors. This is a fundamental structural requirement to ensure proper governance in public entities.
2What is the maximum number of members in a private limited company under the Companies Act, 1994, excluding employees?
A.20 members
B.50 members
C.100 members
D.Unlimited
Explanation: Under Section 2(1)(q) of the Companies Act, 1994, a private company limits the number of its members to fifty, excluding persons who are in the employment of the company. This restriction distinguishes a private limited company from a public limited company.
3Which document defines the external relationship of a company with the outside world and outlines its main objects?
A.Articles of Association
B.Memorandum of Association
C.Prospectus
D.Certificate of Incorporation
Explanation: The Memorandum of Association is the charter of a company which defines its powers, objects, and external relationships under Section 6 of the Companies Act, 1994. Any act done outside the scope of this document is ultra vires and void.
4Within how many months of incorporation must a company hold its first Annual General Meeting (AGM) under the Companies Act, 1994?
A.9 months
B.12 months
C.15 months
D.18 months
Explanation: Under Section 81(1) of the Companies Act, 1994, a company must hold its first AGM within 18 months of its incorporation. Subsequent AGMs must be held once in every calendar year and within 15 months of the last AGM.
5What is the minimum number of members required to form a public limited company under the Companies Act, 1994?
A.Two members
B.Three members
C.Seven members
D.Fifty members
Explanation: Under Section 5 of the Companies Act, 1994, any seven or more persons associated for a lawful purpose may form a public limited company by subscribing their names to a memorandum. A private limited company requires at least two members.
6Which authority is responsible for the registration of companies in Bangladesh under the Companies Act, 1994?
A.Securities and Exchange Commission
B.Registrar of Joint Stock Companies and Firms
C.Bangladesh Bank
D.Ministry of Commerce
Explanation: The Registrar of Joint Stock Companies and Firms (RJSC) is the government organ responsible for registering companies, partnerships, and societies in Bangladesh under the Companies Act, 1994. They maintain all official incorporation documents.
7Under Section 85 of the Companies Act, 1994, what is the default quorum for a general meeting of a public limited company unless the articles state otherwise?
A.Two members personally present
B.Three members personally present
C.Five members personally present
D.Ten members personally present
Explanation: Under Section 85(1)(a) of the Companies Act, 1994, unless the articles of a company provide for a larger number, five members personally present shall be a quorum for a meeting of a public limited company. For a private company, the quorum is two members.
8Which type of resolution under the Companies Act, 1994 requires a three-fourths majority of votes cast at a general meeting?
A.Ordinary Resolution
B.Special Resolution
C.Board Resolution
D.Unanimous Resolution
Explanation: Under Section 87 of the Companies Act, 1994, both Extraordinary and Special Resolutions require a majority of not less than three-fourths (75%) of the members entitled to vote. An ordinary resolution requires a simple majority.
9Under Section 97 of the Companies Act, 1994, within what period must a director obtain their qualification shares after appointment?
A.30 days
B.Two months
C.Three months
D.Six months
Explanation: Section 97(1) states that it is the duty of every director who is required by the articles to hold qualification shares to obtain them within two months after their appointment. Failure to do so results in vacation of office.
10According to the Companies Act, 1994, which of the following is correct regarding the alteration of the Articles of Association?
A.It can be altered by an ordinary resolution.
B.It can be altered by a special resolution.
C.It cannot be altered once registered.
D.It requires prior permission from the High Court Division.
Explanation: Under Section 20 of the Companies Act, 1994, subject to the provisions of the Act and the conditions in its memorandum, a company may by special resolution alter or add to its articles. The alteration is then filed with the RJSC.
About the ICAB CL Business Law Practice Questions
Verified exam format metadata for ICAB CA Certificate Level Business Law (Bangladesh) is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.