Practice Test

Q1) The persons who are in charge of the management of the affairs of a company are .... Show Answer

Q2) Directors take the decision regarding the management of a company collectively in their meetings known as .... Show Answer

Q3) As per section 173 of the Companies Act, 2013, not more ..... shall intervene between two consecutive Board meetings. Show Answer

Q4) As per section 173 of the Companies Act, 2013, at least ...... board meetings must be held every year. Show Answer

Q5) The decisions at the board meetings are taken by ...... of votes. Show Answer

Q6) In board meetings if there is situation of equal number of votes for and against any resolution, the Chairman has the power to exercise his ... for deciding the matter. Show Answer

Q7) In board meetings if there is situation of equal number of votes for and against any resolution, the ...... has the power to exercise his casting vote for deciding the matter. Show Answer

Q8) The term 'director' is defined in ...... of the Companies Act, 2013. Show Answer

Q9) According to section 2(34) of Companies Act, 2013, "director" means a director appointed to the Board of a Company. Show Answer

Q10) One person Company shall have ..... Show Answer

Q11) As per Companies Act, 2013, a company can appoint maximum ..... directors. Show Answer

Q12) Company may appoint more than 15 directors after passing a .... Show Answer

Q13) As per section 165 of the Companies Act, 2013, maximum number of directorships, including any alternate directorship a person can hold is ..... Show Answer

Q14) Section 149(3) of the Companies Act, 2013, has provided for residence of a director in India as a compulsory i.e. every company shall have atleast one director who has stayed in India for a total period of not less than .... in the previous calendar year. Show Answer

Q15) Which of the following companies must appoint woman director ?
(I) Listed company
(II) Every public company having paid up share capital of Rs 100 Crores or more as on the last date of latest audited financial statements
(III) Every public company having borrowing of Rs 500 Crores or more as on the last date of latest audited financial statements
(IV) Every other public company having net capital employed of Rs 500 Crores or more as on the last date of latest audited financial statements
(V) Every public company having turnover of Rs 300 crore or more as on the last date of latest audited financial statements. Show Answer

Q16) Section 2(47) of the Companies Act, 2013 prescribed that "Independent director" means an independent director referred to in sub-section (5) of .... of the Act. Show Answer

Q17) An independent director means a director other than a ..... who does not have any material or pecuniary relationship with the company / directors. Show Answer

Q18) Section 149(6) of the Companies Act, 2013 prescribes which of the following criteria for independent directors ?
(I) Who in the opinion of the Board, is a person of integrity and possesses relevant industrial expertise and experience
(II) An Individual who shall be a promoter or related to promoter of the company or its holding, subsidiary or associate company
(III) The relatives of a person should not have had any pecuniary relationship with the company or its subsidiaries, amounting to 2% or more of its gross turnover or total income of Rs 50 lakhs or such higher amount as may be prescribed, whichever is more, during the two immediately preceding financial years or in the current financial year.
(IV) A person who must not either directly or through any of his relatives holds together with his relatives 2% or more of the total voting power of the company Show Answer

Q19) In order to call any person as independent director, he must not either directly or any of his relatives hold or has held the position of a key managerial personnel or is or has been employee of the company or its holding, subsidiary or associate company in any of the ..... immediately preceding the financial year in which he is proposed to be appointed. Show Answer

Q20) In order to call any person as independent director, the relatives of such person should not have had any pecuniary relationship with the company or its subsidiaries, amounting to ... its gross turnover or total income or ... or such higher amount as may be prescribed, whichever less, during the two immediately preceding financial years or in the current financial year; Show Answer

Q21) In order to call any person as independent director, he must not either directly or any of his relative is a chief executive or director, by whatever name called, of any non-profit organization that receives ..... of its receipts from the company, any of its promoters, directors or its holding, subsidiary or associate company or that holds .... of the total voting power of the company, then also he is not eligible for office of independent director; or Show Answer

Q22) Only ..... can be appointed as director of any company. Show Answer

Q23) Any corporate body/Association of firm can be appointed as director of the company. This statement is ..... Show Answer

Q24) No company shall appoint or re-appoint any individual as director of the company unless he has been allotted a ..... Show Answer

Q25) Every public company shall have at least .... Show Answer

Q26) According to section 151 of the Companies Act, 2013 every listed company .... have one director elected by such small shareholders. Show Answer

Q27) According to section 151 of the Companies Act, 2013 every ..... may have one director elected by such small shareholders. Show Answer

Q28) Every private company shall have at least .... Show Answer

Q29) Every listed public company shall have at least ..... of the total number of directors as independent directors. Show Answer

Q30) Central Government has prescribed that public companies with paid up share capital of .... turnover of ....; or in aggregate, outstanding loans / borrowings / debentures / deposits / exceeding ..... as on the last date of latest audited financial statements mentioned below shall also have at least ..... as independent directors. Show Answer

Q31) Directors may be appointed ..... Show Answer

Q32) Directors may be appointed .... Show Answer

Q33) The first directors are usually named in the .... Show Answer

Q34) If first directors are not named in the Article, the subscribers to the ..... are deemed to be the directors. Show Answer

Q35) In the case of public company, out of the total number of directors only .... can be permanently appointed. Show Answer

Q36) In the case of public company,out of the total number of directors ..... be directors liable to retire by rotation Show Answer

Q37) In the case of public company, out of the total number of directors two thirds be directors liable to retire by rotation. At each annual general meeting, ...... of these two thirds of directors are however eligible for reappointment. Show Answer

Q38) XYZ Ltd. has total 6 directors. Directors liable to retire by rotation should be ....... Show Answer

Q39) XYZ Ltd. has total 7 directors.Directors liable to retire by rotation should be ..... Show Answer

Q40) XYZ Ltd. has total 8 directors. Directors liable to retire by rotation should be ..... Show Answer

Q41) XYZ Ltd. has total 9 directors. Directors liable to retire by rotation should be .... Show Answer

Q42) XYZ Ltd. has total 10 directors. Directors liable to retire by rotation should be .... Show Answer

Q43) XYZ Ltd. has total 11 directors. Directors liable to retire by rotation should be .... Show Answer

Q44) XYZ Ltd. has total 6 rotational directors. Out of directors liable to retire by rotation, director that will retire at the AGM but eligible for reappointment will be ..... Show Answer

Q45) XYZ Ltd. has total 7 rotational directors. Out of directors liable to retire by rotation, director that will retire at the AGM but eligible for reappointment will be ..... Show Answer

Q46) XYZ Ltd. has total 8 rotational directors. Out of directors liable to retire by rotation, director that will retire at the AGM but eligible for reappointment will be .... Show Answer

Q47) XYZ Ltd. has total 9 rotational directors. Out of directors liable to retire by rotation, director that will retire at the AGM but eligible for reappointment will be ..... Show Answer

Q48) XYZ Ltd. has total 10 rotational directors. Out of directors liable to retire by rotation, director that will retire at the AGM but eligible for reappointment will be .... Show Answer

Q49) XYZ Ltd. has total 11 rotational directors. Out of directors liable to retire by rotation, director that will retire at the AGM but eligible for reappointment will be .... Show Answer

Q50) Out of two third directors liable to retire by rotation one third director retiring ..... retire first. Show Answer

Q51) Additional directors are appointed by ..... Show Answer

Q52) Additional directors hold office up to the date of the next .... Show Answer

Q53) ...... is appointed in the place of original director in case of his absence. Show Answer

Q54) If there is any intermittent vacancy of an independent director then it shall be filled up by the board of directors within ..... from the date of such vacancy or not later than immediate next board meeting, whichever is later. Show Answer

Q55) "Small shareholder" means a shareholder holding shares of nominal value of not more than ..... or such other sum as may be prescribed. Show Answer

Q56) The first directors of most of the companies are named in their ...... If they are not so named in the articles of a company, then subscribers to the ..... who are individuals shall be deemed to be the first directors of the company until the directors are duly appointed. Show Answer

Q57) Director Identification Number is ...... for appointment of director of a company. Show Answer

Q58) At the annual general meeting at which a director retires, the company may fill up the vacancy by appointing the retiring director or some other person thereto. If the vacancy of the retiring director is not so filled-up and the meeting has not expressly resolved not to fill the vacancy, the meeting shall stand adjourned till the ......, at the same time and place, or if that day is a national holiday, till the ...... which is not a holiday, at the same time and place. Show Answer

Q59) As per section 166 of the Companies Act, 2013, duties of a director of a company shall : ....
(I) Act in accordance with the articles of the company
(II) Not to assign his office
(III) Act in good faith in order to promote the objects of the company for the benefit of its members as a whole, and in the best interests of the company, its employees, the shareholders, the community and for the protection of environment.
(IV) Exercise his duties with due and reasonable care, skill and diligence and shall exercise independent judgement. Show Answer

Q60) If a director of the company contravenes the provision of section 166, such director shall be punishable with fine which shall not be less than ...... but which may extend to ... Show Answer

Q61) Section 173 of the Companies Act, 2013 deals with Meetings of the Board and it provides that the first Board meeting should be held within ..... of the date of incorporation. Show Answer

Q62) In case of One Person Company (OPC), small company and dormant company, at least ..... board meeting should be conducted in each half of the calendar year and the gap between two meetings should not be less than .... Show Answer

Q63) The Companies Act, 2013 requires that not less than ..... notice in writing shall be given to every director at the registered address as available with the company. Show Answer

Q64) The notice of board meeting can be given by .... Show Answer

Q65) In case the board meeting is called at shorter notice, at least .... shall be present at the meeting. Show Answer

Q66) ...... of total strength or ....., whichever is higher,, shall be the quorum for a board meeting. Show Answer

Q67) If at any time the number of interested directors exceeds or is equal to .... of the total strength of the Board of directors, the number of directors who are not interested and present at the meeting, being not less than ..... shall be the quorum during such time. Show Answer

Q68) As per section 2(51) of the Companies Act, 2013 "Key Managerial Personnel", in relation to a company, means -
(I) Chief Executive Officer or the managing director or the manager
(II) Company secretary
(III) Chief legal director
(V) General manager
(VI) Chief compliance officer
(VII) Chief financial officer Show Answer

Q69) Section 2(54) of the Companies Act 2013, defines 'managing director'. It stipulates that a "managing director" means a director who, by virtue of the ..... of a company or an .... with the company or a ..... passed in its general meeting, or by its Board of Directors, is entrusted with substantial powers of management of the affairs of the company and includes a director occupying the position of managing director, by whatever name called. Show Answer

Q70) Section 2(53) of the Companies Act, 2013 defines "manager" as an individual who, subject to the superintendence,.... and direction of the board of directors, has the management of the whole, or .... the whole, of the affairs of a company, and includes a director or any other person occupying the position of a ....., by whatever name called, whether under a contract of service or not. Show Answer

Q71) Section 203 of the Companies Act, 2013 read with Rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 mandates the appointment of Key Managerial Personnel and makes it obligatory for a .... and every other public company having a paid up share capital of rupees ....., to appoint following whole-time key managerial personnel Show Answer

Q72) An individual shall not be appointed or reappointed as the ..... of the company, as well as the ..... or ...... of the company at the same time unless the articles of such a company provide otherwise; or the company does not carry multiple business. Show Answer

Q73) A whole-time key managerial personnel shall not hold office in more than ..... company except in its ..... company at the same time. Show Answer

Q74) A company may appoint or employ a person as its managing director, if he is the managing director or manager of one, and of not more than one, other company and such appointment or employment is made or approved by resolution passed at a meeting of the .... with the consent of .... present at the meeting and of which meeting, and of the resolution to be moved thereat, .... notice has been given to all the directors then in India. Show Answer

Q75) If the office of any whole-tie key managerial personnel is vacated, the resulting vacancy shall be filled-up by the Board at a meeting of the Board within a period of ..... from the date of such vacancy. Show Answer

Q76) As per Rule 8A of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014 provides that a company which has a paid up capital of ..... crore rupees or more shall have a whole-time company secretary. Show Answer

Q77) The functions of the company secretary are specified in ..... of the Companies Act, 2013. Show Answer

Q78) A company secretary plays a vital role in company administration. His role can conveniently be studied ....
(I) As a statutory officer
(II) As a key managerial personnel
(III) As a coordinator
(IV) As an administrative officer Show Answer

Q79) A managing director being essentially a director must be an individual. Show Answer

Q80) Section 96 of the Companies Act, 2013 provides that ....., other than a ..... is required to hold an annual general meeting every year. Show Answer

Q81) Only an individual can be appointed a manager of a company . Show Answer

Q82) First annual general meeting of the company should be held within ..... from the closing of the first financial year. Show Answer

Q83) Subsequent annual general meeting of the company should be held within .... from the closing of the financial year. Show Answer

Q84) The gap between two annual general meetings should not exceed .... Show Answer

Q85) In case, it is not possible for a company to hold an annual general meeting within the prescribed time, the Registrar may, for any special reason, extend the time within which any annual general meeting shall be held.
Such extension can be for a period not exceeding .... Show Answer

Q86) An AGM can be called during ....., that is,between 9 am and 6 pm on any day that is not a .... Show Answer

Q87) Section 99 of the Companies Act, 2013 provides that of any default is made in complying or holding a meeting of the company, the company and every officer of the company who is in default shall be punishable with fine which may extend to Rs.... and in case of continuing default, with a further fine which may extend to Rs....... for each day during which such default continues. Show Answer

Q88) Which of the following is special business ?
(I) Consideration of financial statements
(II) Consideration of reports of the board of directors and auditors
(III) Declaration of any dividend
(IV) Appointment of directors in place of those retiring
(V) Appointment of, and the fixing of the remuneration of, the auditors Show Answer

Q89) All general meetings other than annual general meetings are called .... Show Answer

Q90) The Board must call an extraordinary general meeting on receipt of the requisition from the following number of members:
(I) In the case of a company having a share capital : members who hold, on the date of receipt of the requisition, not less than ... of such of the paid-up share capital of the company as on that date carries the right of voting;
(II) In the case of a company not having a share capital : members who have, on the date of receipt of the requisition, not less than ..... of the total voting power of all the members having on the said date a right to vote. Show Answer

Q91) If the board does not within .... from the date of receipt of a valid requisition in regard to any matter, proceed to call a extraordinary general meeting for the consideration of that matter on a day not later than .... from the date of receipt of such requisition, the meeting may be called and held by the requisitonists themselves. Show Answer

Q92) Section 98 of the Companies Act, 2013 provides that if for any reason it is impracticable to call a meeting of a company or to hold or conduct the meeting of the company, the ..... may, either suo motu or on the application of any .... of the company who would be entitled to vote at the meeting order a meeting of the company to be called, held and conducted in such manner as the .... thinks fit. Show Answer

Q93) A general meeting may be called after giving a shorter notice also if consent is given in writing or by electronic mode by not less than .... of the members entitled to vote at such meeting. Show Answer

Q94) In case of an annual general meeting, the place of the meeting has to be either the registered office of the company or some other place within the city, town or village in which the .... of the company is situated. Show Answer

Q95) An extraordinary general meeting can be held on .... Show Answer

Q96) ...... is an ambitious e-governance initiative of Government of India that builds on the Government's vision of National e-governance in the country. Show Answer

Q97) A general meeting of a company may be called by giving not less than ..... notice either in writing or through electronic mode. Show Answer

Q98) The persons who are in charge of the management of the affairs of a company are____
(1) Termed as directors
(2) Known as board of trustee
(3) Collectively known as board of directors
Show Answer

Q99) As per Section 173 of the Companies Act,2013, not more_____ shall intervene between two consecutive Board meetings. Show Answer

Q100) As per Section 173 of the Companies Act, 2013, how many board meetings must be held every year? Show Answer

Q101) The decisions at the board meetings are taken by_____ of votes. Show Answer

Q102) Which of the following type of vote can be exercised by the Chairman for deciding the matter in board meetings, if there is situation of equal number of votes for and against any resolution? Show Answer

Q103) In board meetings if there is situation of equal number of votes for and against any resolution, the_____ has the power to exercise his casting vote for deciding the matter. Show Answer

Q104) The term ‘director’ is defined in___ of the Companies Act, 2013. Show Answer

Q105) According to Section 2(34) of Companies Act, 2013, ‘’director’’ means a director appointed to the Board of a company. Show Answer

Q106) One Person Company shall have_____ Show Answer

Q107) What is the maximum number of directors that can be appointed by the companies as per companies Act, 2013? Show Answer

Q108) Company may appoint more than 15 directors after passing___ Show Answer

Q109) As per Section 165 of the Companies Act,2013, maximum number of directorships, including any alternate directorships a person can hold is____ Show Answer

Q110) Section 149(3) of the Companies Act, 2013 has provided for residence of a director in India as a compulsory i.e. every company shall have at least one director who has stayed in India for a total period of not less than_____ in the previous calendar year. Show Answer

Q111) Which of the following companies must appoint woman director?
(I) Listed company
(II) Public company having paid up share capital of Rs. 100 Crores or more
(III) Public company having borrowing of Rs. 500 Crores or more
(IV) Public company having net capital employed of Rs.500 Crores or more
(V) Every public company having turnover of Rs. 300 Crore or more
Show Answer

Q112) Section 2(47) of the Companies Act, 2013, prescribed that ‘’Independent director’’ means an independent director referred to in sub-section (5) of_______ of the Act. Show Answer

Q113) An independent director means a director other than a______ who does not have any material or pecuniary relationship with the company/ directors. Show Answer

Q114) Which of the following criteria is/are prescribed under Section 149(6) of the Companies Act, 2013 for independent directors?
(1) Who in the opinion of the Board, is a person of integrity and possesses relevant industrial expertise and experience
(2) An Individual who shall be a promoter or related promoter of the company or its holding, subsidiary or associate company
(3) The relatives of a person should not have any pecuniary relationship with the company or its subsidiaries, amounting to 2% or more of its gross turnover or total income or Rs. 50 lakhs or such higher amount as may be prescribed, during the two immediately preceding financial years or in the current financial year.
(4) A person who must not either directly or through any of his relatives holds together with his relatives 2% or more of the total voting power of the company
Show Answer

Q115) In order to call any person as independent director, he must not either directly or any of his relatives hold or has held the position of a key managerial personnel or is or has been employee of the company or its holding, subsidiary or associate company in any of the _____ immediately preceding the financial year in which he is proposed to be appointed. Show Answer

Q116) In order to call any person as independent director, the relatives of such person should not have had any pecuniary relationship with the company or its subsidiaries, amounting to ______ of its gross turnover or total income or ____ or such higher amount as may be prescribed, whichever is less, during the two immediately preceding financial year or in the current financial year; Show Answer

Q117) In order to call any person as independent director neither himself nor any of his relative is a chief executive or director, by whatever name called, of non- profit organization that receives ____ or more of its receipts from the company, any of its promoters, directors or its holding, subsidiary or associate company or that holds ____ of the total voting power of the company. Show Answer

Q118) Who can be appointed as director of any company? Show Answer

Q119) Any corporate body or firm can be appointed as director of the company. This statement is ______ Show Answer

Q120) No company shall or re-appointed any individual as director of the company unless he has been allotted_____ Show Answer

Q121) Every public company shall have at least _______ Show Answer

Q122) According to section 151 of the Companies Act, 2013 every listed company ____ have one director elected by such small shareholders. Show Answer

Q123) According to the Section 151, every ____ may have one director elected by such small shareholders. Show Answer

Q124) How many directors must be appointed by the private company? Show Answer

Q125) Every listed public company shall have at least ____ of the total number of directors as independent directors. Show Answer

Q126) Central Government has prescribed that public companies with paid up share capital of ______; or turnover of _____; or in aggregate, outstanding loans/borrowings/debentures/ deposits exceeding _____ as on the last date of latest audited financial statements mentioned below shall have at least ____ independent directors. Show Answer

Q127) Directors may be appointed ____
(1) By a provision in the articles
(2) By creditors in their meeting
(3) By shareholders in general meeting
(4) By the ROC
(5) BY the Board of Directors
(6) By the SEBI
Show Answer

Q128) Directors may be appointed - Show Answer

Q129) The first directors are usually named in the ______ Show Answer

Q130) If first directors are not named in the Article, the subscribers to the ______ are deemed to be the directors. Show Answer

Q131) How many directors can be permanently appointed out of the number of directors in case of public company? Show Answer

Q132) In the case of public company, out of the total number of directors _____be directors liable to retire by rotation Show Answer

Q133) In the case of public company, out of the total number of directors two thirds be directors liable to retire by rotation. At each annual general meeting, _____ of these two thirds of directors are however eligible for reappointment. Show Answer

Q134) XYZ ltd. Has total 6 directors. Directors liable to retire by rotation should be_______ Show Answer

Q135) XYZ Ltd. Has total 7 directors. Directors liable to retire by rotation should be ______ Show Answer

Q136) XYZ Ltd. Has total 8 directors. Directors liable to retire by rotation should be _______ Show Answer

Q137) XYZ Ltd. Has total 9 directors. Directors liable to retire by rotation should be _______ Show Answer

Q138) XYZ Ltd. Has 10 directors. Directors liable to retire by rotation should be _______ Show Answer

Q139) XYZ Ltd. Has total 11 directors. Directors liable to retire by rotation should be _____ Show Answer

Q140) XYZ Ltd. Has total 6 rotational directors. Out of directors liable to retire by rotation, director that will retire at the AGM but eligible for reappointment will be ______ Show Answer

Q141) XYZ Ltd. Has total 7 rotational directors. Out of directors liable to retire by rotation, director that will retire at the AGM but eligible for reappointment will be _____ Show Answer

Q142) XYZ Ltd. Has total 8 rotational directors. Out of directors liable to retire by rotation, director that will retire at the AGM but eligible for reappointment will be _____ Show Answer

Q143) XYZ Ltd, has total 9 directors. Out of directors liable to retire by rotation, director that will retire at the AGM but eligible for reappointment will be ______ Show Answer

Q144) XYZ Ltd. has total 10 rotational directors. Out of directors liable to retire by rotation, director that will retire at the AGM but eligible for reappointment will be____ Show Answer

Q145) XYZ Ltd. has total 11 rotational directors. Out of directors liable to retire by rotation, director that will retire at the AGM but eligible for reappointment will be______ Show Answer

Q146) Out of two third directors liable to retire by rotation one third director retiring are____ retire first. Show Answer

Q147) Additional directors are appointed by___ Show Answer

Q148) Additional directors hold office up to the date of the next______ Show Answer

Q149) Who is appointed in the place of original director in case of his absence? Show Answer

Q150) If there is any intermittent vacancy of an independent director then it shall be filled up by the board of directors within____ from the date of such vacancy or not later than immediate next board meeting,_____ Show Answer

Q151) ‘’Small shareholder’’ means a shareholder holding shares of nominal value of not more than______ or such other sum as may be prescribed. Show Answer

Q152) The first directors of most of the companies are named in their____ If they are not so named in the articles of a company, then subscribers to the______ who are individuals shall be deemed to be the first directors of the company until the directors are duly appointed. Show Answer

Q153) Director Identification Number is___ for appointment of director of a company. Show Answer

Q154) At the AGM at which a director retires, the company may fill up the vacancy by appointing the retiring director or some other person thereto. If the vacancy of the retiring director is not so filled-up and the meeting has not expressly resolved not to fill the vacancy, the meeting shall stand adjourned till the____, at the same time and place, or if that day is a national holiday, till the_____ which is not a holiday, at the same time and place. Show Answer

Q155) As per Section 166 of the Companies Act, 2013, duties of a director of a company shall ______
(1) Act in accordance with the articles of the company
(2) Not to assign his office
(3) Act in god faith in order to promote the objects of the company for the benefit of its members as a whole, and in the best interests of the company, its employees, the shareholders, the community and for the protecting of environment.
(4) Exercise his duties with due and reasonable care, skill and diligence and shall exercise independent judgment.
Show Answer

Q156) If a director of the company contravenes the provisions of Section 166, such directors shall be punishable with fine which shall not be less than ______ but which may extend to _______ Show Answer

Q157) Section 173 of the Companies Act, 2013 deals with Meetings of the Board and it provides that the first Board meeting should be held within _____ of the date of incorporation. Show Answer

Q158) In case of One Person Company (OPC), small company and dormant company, at least _______ board meeting should be conducted in each half of the calendar year and the gap between two meetings should not be less than ________ Show Answer

Q159) The Companies Act, 2013 requires that not less than _____ notice in writing shall be given to every director at the registered address as available with the company Show Answer

Q160) In case the board meeting is called at shorter notice, at least ______ shall be present at the meeting. Show Answer

Q161) ____ of total strength or _____ whichever is higher, shall be the quorum for a board meeting Show Answer

Q162) If at any time the number of interested directors exceeds or is equal to _____ of the total strength of the Board of directors, the number of directors who are not interested and present at the meeting, being not less than _____ shall be the quorum during such time. Show Answer

Q163) As per Section 2(51) of the Companies Act,2013 “key Managerial Personnel” , in relation to a company, means ________
(I) Chief executive officer or the managing director or the manager
(II) Company Secretary
(III) Chief legal officer
(IV) Whole- time director
(V) General manager
(VI) Chief compliance officer
(VII) Chief financial officer
Show Answer

Q164) Section 2(54) of the Companies Act, 2013, defines ‘managing director’. It stipulates that a “managing director” means a director or an ____ with the company or a _____ passed in its general meeting, or by its Board of Directors, is entrusted with substantial power of management of the affairs of the company and includes a director occupying the position of managing director, by whatever name called Show Answer

Q165) Section 2(53) of the Companies Act, 2013 defines “ manger” as an individual who, subject the superintendence, _____ and direction of the board of directors, has the management of the whole, or ______ the whole, of the affairs of a company, and includes a director or any other person occupying the position of a ____ by whatever name called, whether under a contract of service or not. Show Answer

Q166) Section 203 of the Companies Act,2013 Rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rule,2014 mandates the appointment of key Managerial Personnel and make it obligatory for a ______ and every other public company having a paid up share capital of rupees ______, to appoint whole-time key managerial personnel Show Answer

Q167) Match the following pair with reference to definitions as given in the Companies Act, 2013
List I
(1) Manager
(2) Chief Executive Officer
(3) Chief Financial Officer
(4) Company Secretary List II
(I) Section 2(53)
(II)) Section 2(18)
(III) Section 2(24)
(IV) Section 2(19)
Show Answer

Q168) An individual shall not be appointed or reappointed ass the ____ of the company, as well as the ______ or ______ of the company at the same time unless the articles of such a company provide otherwise; or he company does not carry multiple businesses. Show Answer

Q169) A whole-time key managerial personnel shall not hold office in more than _____ company except in its _____ company at the same time . Show Answer

Q170) A company may appoint or employ a person as its managing director , if he is the managing director or manager of one, and of not more than one, other company and such appointment or employment is made or approved by a resolution passed at a meeting of the ______ with the consent of _____ present at the meeting and of which meeting, and of the resolution to be moved threat, ______ notice has been given to all the directors then in India. Show Answer

Q171) If the office of any whole- time key managerial personnel is vacated, the resulting vacancy shall be filled-up by the Board of Board within a period of _____ from the date of such vacancy Show Answer

Q172) As per Rule 8 A of the Companies (Appointment & Remuneration of Managerial personnel ) Rules, 2014 provides that a company which has a paid up capital of ______ Crore rupees or more shall have a whole-time Company Secretary Show Answer

Q173) The functions of the company secretary are specified in _____ of the Companies Act, 2013 Show Answer

Q174) A company secretary plays a vital role in company administration. His role can conveniently be studied________
(A) As a statutory officer
(B) As a key managerial personnel
(C) As a coordinator
(D) As an administrative officer
Show Answer

Q175) A managing director being essentially a director must be an individual. Show Answer

Q176) Section 96 of the Companies Act, 2013 provides that ____ other than a ______ is required to hold an annual general meeting every year. Show Answer

Q177) Only an individual can be appointed a manager of a company Show Answer

Q178) First AGM of the company should be held within______ from the closing of the first financial year. Show Answer

Q179) Subsequent annual general meeting of the company should be held within____ from the closing of the financial year. Show Answer

Q180) The gap between two annual general meetings should not exceed_____ Show Answer

Q181) In case, it is not possible for a company to hold an annual general meeting within the prescribed time, the Registrar may, for any special reason, extend the time within which any annual general meeting shall be held. Such extension can be for a period not exceeding_____ Show Answer

Q182) An AGM can be called during____, that is, between 9 a.m. and 6 p.m. on any day that is not a_____ Show Answer

Q183) Section 99 of the Companies Act, 2013 provides that if any default is made in complying or holding a meeting of the company, the company and every officer of the company who is in default shall be punishable with fine which may extend to Rs._____ and in case of continuing default, with a further fine which may extend to Rs. ____ for each day during which such default continues. Show Answer

Q184) Which of the following is special business?
(1) Consideration of financial statements
(2) Consideration of reports of the board of directors and auditors
(3) Declaration of any dividend
(4) Appointment of directors in place of those retiring
(5) Appointment of, and the fixing of the remuneration of, the auditors
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Q185) All general meetings other than annual general meetings are called_____ Show Answer

Q186) The Board must call an extraordinary general meeting on receipt of the requisition from the following number of members:
(I) In the case of a company having a share capital:
Members who hold, on the date of the receipt of the requisition, not less than____ of such of the paid-up share capital of the company as on that date carries the right of voting;
(II) In the case of a company not having a share capital: members who have, on the date of receipt of the requisition, not less than_____ of the total voting power of all the members having on the said date a right to vote.
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Q187) If the board does not within___ from the date of receipt of a valid requisition in regard to any matter, proceed to call a extraordinary general meeting for the consideration of that matter on a day not later than____ from the date of receipt of such requisition, the meeting may be called and held by the requisitionists themselves. Show Answer

Q188) Section 98 of the Companies Act, 2013 provides that if for any reason it is impracticable to call a meeting of a company or to hold or conduct the meeting of the company, the____ may, either suo motu or on the application of any____ of the company who would be entitled to vote at the meeting order a meeting of the company to be called, held and conducted in such manner as the ____ thinks fit. Show Answer

Q189) A general meeting of a company may be called by giving not less than ___ notice either in writing or through electronic mode Show Answer

Q190) A general meeting may be called after giving a shorter notice also if consent is given in writing or by electronic mode by not less than___ of the members entitled to vote at such meeting. Show Answer

Q191) In case of an annual general meeting, the place of the meeting has to be either the registered office of the company or some other place within the city, town or village in of the company in which the _____of the company is situated. Show Answer

Q192) An extraordinary general meeting can be held on ______ Show Answer

Q193) ______ is an ambitious e-governance initiative of Government of India that builds on the Government’s vision of national e-governance in the country Show Answer

Q194) Directors take the decision regarding the management of a company collectively in their meetings known as____ Show Answer