Practice Test

Q1) the 'vision' of the institute of company secretaries of india is Show Answer

Q2) which of the following is/are "mission" of ISCI? Show Answer

Q3) a company secretary in practice can appear as 'authorised report Show Answer

Q4) The ICSI functions under the administrative jurisdiction of - Show Answer

Q5) As per Section 203 of the Companies Act, 2013, Company Secretary is - Show Answer

Q6) Appointment of Company Secretary in mandatory in -(a) Every listed company
(b) Every unlisted private company having paid-up share capital of Rs.10 Crore or more
(c) Every public company having paid-up capital of Rs.5 Crore or more
(d) Every public company having turnover of Rs.5 Crore or more
Select the correct answer from the options given below - Show Answer

Q7) As per the Rule 8 of Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014, every listed company and every other public company having a
paid-up share
capital of_______ or more shall have whole-time key managerial personnel. Show Answer

Q8) "Company Secretary" or "Secretary" means a company secretary as defined in
_______ of the Company Secretaries Act, 1980 who is appointed by a company to
perform the functions of a Company Secretary under the Act.
Show Answer

Q9) As per Section 2 (1) (c) of the Company Secretaries Act, 1980, Company Secretary
means a person- Show Answer

Q10) The expression "Secretarial Standards" means - Show Answer

Q11) Which of the following Section of the Companies Act, 2013 specify the functions of
Company Secretary Show Answer

Q12) As per Rule 10 of the Companies (Appointment & Remuneration of Managerial
Personnel) Rules, 2014, which of the following are duties of Company Secretary?
(1) To provide guidance to the directors with regard to their duties, responsibilities and
powers.
(2) To formulate the business strategies.
(3) To represent before various Regulators, and other authorities in connection with
discharge of various duties.
(4) To call annual general meeting and extraordinary general meeting on his own.
Select the correct answer from the options given below - Show Answer

Q13) Return of appointment of Company Secretary as well as cessation has to be filed with
ROC in - Show Answer

Q14) A whole time KMP which includes Company Secretary shall not hold office in - Show Answer

Q15) As per Section 203(4) of the Companies Act, 2013, any vacancy in the post of
Company Secretary should be filled within - Show Answer

Q16) As per Section 92 of the Companies Act, 2013, Annual Return has to be signed by - Show Answer

Q17) In case of OPC and small company, the annual return shall be signed by the - Show Answer

Q18) As per Rule 7 (2) of the Companies (Management & Administration) Rules, 2014, the
annual return, filed by a listed company or a company having paid-up share capital of
_______ or more or turnover of _______or more, shall be certified by Practicing Company
Secretary Show Answer

Q19) Secretarial Audit is also known as - Show Answer

Q20) The format of the Secretarial Audit Report shall be in- Show Answer

Q21) Which of the following companies are required to do secretarial audit as per Rule 9 of
the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014?
(I) Every public company having a borrowing of Rs. 100 Crore or more.
(II) Every public company having a paid-up share capital of Rs. 50 Crore or more.
(III) Every public company having a turnover of Rs. 200 Crore or more.
(IV) Every private company having a turnover of Rs. 150 Crore or more.
Select the correct answer from the options given below-
Show Answer

Q22) As per Rule 20 of the Companies (Management and Administration) Amendment
Rules, 2014, every company which has listed its equity shares on a recognized stock
exchange and every company having not less than ______ shall provide
to its members facility to exercise their right to vote on resolutions proposed to be
considered at a general meeting by electronic means.
Show Answer

Q23) As per Section 275 of the Companies Act, 2013, Company Secretaries have been
recognized to be appointed _______as from a panel to be maintained by the Central
Government. Show Answer

Q24) A Company Secretary in practice is eligible to become a ________ of National
Company Law Tribunal Show Answer

Q25) A Company Secretary in practice is eligible to become a Technical Member of
National Company Law Tribunal if he is practicing for at least - Show Answer

Q26) Practicing Company Secretary has been authorized to appear as authorized
representative before the Securities Appellate Tribunal (SAT) under- Show Answer

Q27) Practicing Company Secretary is authorized to issue ________certificate with regard
to reconciliation of the total issued capital, listed capital and capital held by depositories
in dematerialized form, details of changes in share capital during the quarter and inprinciple approval obtained by the issuer from all the stock exchanges where it is listed
in respect of such further issued capital under SEBI (Depositories & Participants)
Regulations, 1996. Show Answer

Q28) The annual return of LLP having turnover of more than _______or contribution more
than shall be accompanied with a certificate from a Company Secretary in Practice to the
effect that he has verified the particulars from the books and records of the LLP and
found them to be true and correct Show Answer

Q29) Power/duties of Auditors apply _______ to Com pany Secretary in Practice
conducting secretarial audit. Show Answer

Q30) Which one of the following is function of Company Secretary? Show Answer

Q31) Companies Secretary is defined under: Show Answer

Q32) The ICSI is a premier national professional body established under Show Answer

Q33) Company Secretary is not the Key Managerial Personnel of the Company. Show Answer

Q34) Which one of the following statements is incorrect? Show Answer

Q35) What is the legal minimum number of directors for a private limited company? Show Answer

Q36) What is a shadow director? Show Answer

Q37) A shareholder who wishes to make a proposal that that a director is dismissed must give the company 'special notice' of their proposal prior to the meeting. How many days notice is required for special notice? Show Answer

Q38) Which Act gives the court power to disqualify someone from being a director if they have been guilty of fraudulent trading or have been participating in wrongful trading? Show Answer

Q39) Which one of the following statements is correct? Show Answer

Q40) The Companies Act 2006 ss171-177 imposes various duties on directors. Which of the following is not imposed by the Act? Show Answer

Q41) Where court action is taken against a director for breach of duty any compensation awarded by the court is payable to: Show Answer

Q42) In order to be a company secretary of a private limited company what qualifications must you have? Show Answer

Q43) Which one of the following statements is not correct? Show Answer

Q44) The role of Company Secretary is: Show Answer

Q45) Secretarial Audit is defined under: Show Answer

Q46) Secretarial Audit report should be prepared by Show Answer

Q47) The Role of Scrutinizer is played by Show Answer

Q48) A Company Secretary in practice is not eligible to become a Technical Member of NCLT. Show Answer

Q49) Company Secretary has been recognised to represent before various Regulators, and Authorities under which Act? Show Answer

Q50) Full form of SEBI: Show Answer

Q51) Companies Secretary is a: Show Answer

Q52) Work of a Practicing Company Secretary is of: Show Answer

Q53) Stock exchange and every company shall provide the facility to it members to exercise right to vote if it has: Show Answer

Q54) Function of Company Secretary is defined under: Show Answer

Q55) Company Secretary is a __________ in a Company as per Companies Act, 2013. Show Answer

Q56) A company other than a company covered under Rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, which has a paid up capital of __________ or more shall have a Whole Time Company Secretary. Show Answer

Q57) Appointment of Whole Time Key Managerial Personnel as per Rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is applicable to every listed Company and every other public company having paid up share Capital of rupees __________. Show Answer

Q58) __________ has authorized Practising Company Secretary to undertake internal audit of various capital market intermediaries. Show Answer

Q59) As Per Section 204 of Companies Act, 2013 Secretarial Audit must be done by Show Answer

Q60) As per Section 275 of Companies Act, 2013, Company Secretary have been Recognized to be appointed as __________ from a panel to be maintained by the Central Government. Show Answer

Q61) What is the eligibility criteria for CS in Practice to become a Technical member of National Company Law Tribunal? Show Answer

Q62) Company Secretaries in Practice act as a authorized representative under __________ and conduct VAT Show Answer

Q63) On incorporation of a company, the Registrar of Companies in addition to the Certificate of Incorporation, issues a unique identification number called Show Answer

Q64) An Indian public company holds 8o% of the paid-up share capital of a company incorporated at a place outside India. Is the annual statement of the latter company required to be attached to the annual statement of the former company pursuant to Section 212 Show Answer

Q65) A company in which 50.25% of shares are held by one State Government while the rest of the shares are held by private sector companies and by retail shareholders i.e., members of public, is a Show Answer

Q66) The Central Government may exempt any class of companies from complying with the provisions of Schedule VI of the Companies Act, 1956, if it is necessary to grant such exemption in the Show Answer

Q67) Global Ltd. has the paid-up equity capital structure - Central Government: 38%; State Government: 10%; Subsidiary of a Government Company: 17.50%; and retail shareholders remaining shares. Which of the following classes of companies would it belong to Show Answer

Q68) Contracts made after incorporation of a public company, but before issue of the certificate of commencement of business are Show Answer

Q69) The applicant for the availability of name of the proposed company can have option to give maximum Show Answer

Q70) Which one of the following sections of the Act specifies that the provision of the Companies Act, 1956 override the provisions in the memorandum of association Show Answer

Q71) The rights attached to the shares of any class may be varied with the consent in writing of the holders of the issued shares of that class having not less than Show Answer

Q72) Where title in shares of a company is in dispute, the matter has to be resolved by Show Answer

Q73) In case of buyback of shares by a listed company, the letter of offer to the shareholders shall be dispatched not earlier than Show Answer

Q74) The majority required in a shareholder's meeting to approve a scheme of arrangement is simple majority of shareholders holding at least Show Answer

Q75) The audit committee of a listed company shall meet at least Show Answer

Q76) Non-executive directors of a public company may get remuneration on quarterly basis if such basis of payment is approved by/under Show Answer

Q77) As per Companies Act, 1956, the maximum number of directors a private limited company which is subsidiary of a public company, can have without approval of the Central Government is Show Answer

Q78) A director appointed by the Board to hold the office until the conclusion of next annual general meeting is known as Show Answer

Q79) The minimum number of directors of the audit committee in the case of a listed company with 12 directors shall be Show Answer

Q80) The maximum age limit for directors in case of private companies is Show Answer

Q81) A member of the ICSI in practice shall be deemed to be guilty of professional misconduct if he issues compliance certificates/ signs annual return in aggregate in a calendar year for more than Show Answer

Q82) A person who is Company Secretary and director of a company is Show Answer

Q83) Statutory auditor of a company in which the Central Government holds 49% and a government company holds 19% of the paid-up share capital of the company, shall be appointed by the Show Answer

Q84) The appointment of a statutory auditor under section 224A is with reference to 25% of Show Answer

Q85) A casual vacancy arising out of resignation of company's auditor can he filled by Show Answer

Q86) A High Court has exclusive jurisdiction in respect of the matters covered by Show Answer

Q87) The number of scrutineers to be appointed by the Chairman of a general meeting is Show Answer

Q88) A special notice is required for Show Answer

Q89) A notice of disclosure of interest at the Board meeting is the requirement of section Show Answer

Q90) As per the provisions of the Companies Act, 1956, the form of proxy must be deposited with the company at least Show Answer

Q91) In a listed company with 11 directors, what is the quorum for the Board meeting Show Answer

Q92) As per the rules framed under section 205A3 relating to use of past reserves for payment of dividend should retain in the reserves an amount not less than Show Answer

Q93) The aggregate of the contributions to any political party or for any political purpose to any person by a company in any financial year shall not exceed Show Answer

Q94) Annual return of a company having share capital is to be filed with the Registrar of Companies in e-form Show Answer

Q95) In winding-up by the court, the statement of affairs has to be submitted within Show Answer

Q96) When a default occur under Section 421 and/or 422 in respect of receiver regarding filing of periodic accounts and/or making of reference of statements about the appointment of receiver, he company and every officer in default shall be punishable with Show Answer

Q97) On liquidation of company, the preferential payment in respect of salary or wages is restricted to Show Answer

Q98) On striking off the name of a company considered defunct, the Registrar of Companies is required to Show Answer

Q99) While issuance of notice of inspection of books of account of a company by the inspector is not mandatory it is issued at least Show Answer

Q100) The initial disclosure by a director or officer of a listed company under the SEBI Prohibition of Insider Trading. Regulation, 1992 has to be made within Show Answer

Q101) The New York Stock Exchange requires that in case of companies listed with it, the required minimum number of independent directors on the Board shall be Show Answer

Q102) Under the UK Companies Act, to qualify as a small company, the concerned company shall have in a financial year Show Answer

Q103) As per the Companies Act 2013 if an auditor in the course of the performance of his duties has reason to believe that a fraud has been committed in the company. Show Answer

Q104) The Institute of Companies Secretaries of India (ICSI) Function under which of the following Ministers Of India? Show Answer

Q105) To be a global leader in promoting good corporate governance is Show Answer

Q106) Read the following statements and choose the correct answer
(i) the headquarters of institute of Company secretary of India (ICSI) is at Mumbai.
(ii) The four Regional offices of (ICSI) are loacted at New Delhi, Chennai, Kolkata, Mumbai.
(iii) ICSO foundation under the Jurisdiction of the Ministry of Human Development, Government of India. Show Answer

Q107) Which of the following options listed below is/are true with reference to the duties of company secretary?
(i) To ensure that the company compliance with the applicable secretarial standards
(ii) To represent the company before various regulators
(iii) To ensure that the company engages in good corporate governance practices
(iv) To ensure that the company pays minimum taxes to the government. Show Answer

Q108) Who is empowered to appoint a Scrutiniser (Governed by the rules of companies Act, 2013). Which can be company secretary in practice to inspect the voting and remote e-voting process in a fair and transparent manner? Show Answer

Q109) The ICSI Middle East (DIFC) NPIO was inaugurated in December 2019 at which of the following cities? Show Answer

Q110) Which of the following options incorrect with reference to the core values of institute of company secretaries of India? Show Answer

Q111) The 'Vision New ICSI-2022' was adopted in the year: Show Answer

Q112) Identify the correct statements about ICSI:
(i) It is a Premier National Professional Body set up under an act of parliament
(ii) It is only recognized Professional Body in country to develop and regulate the Profession of Company secretary in India Show Answer

Q113) The Motto of ICSI. "Satyam Vada, Dharma Chara" is adopted from: Show Answer

Q114) As per Companies Act, 2013, how can a director of the company be removed? Show Answer

Q115) Which of the following options given below is incorrect with reference to the Role of Company Secretary in Practice? Show Answer

Q116) In which city was the ICSI centre of excellence inaugurated on 16th September, 2017? Show Answer

Q117) To mark the beginning of Golden Jubilee celebrations of ICSI the Motto formally adopted by ICSI in April 2017 is: Show Answer

Q118) Who is the present president of ICSI? Show Answer

Q119) With effect from 1st April 2020, every listed company with a minimum how much paid-up share capital should appoint a company secretary (whole time employment)? Show Answer

Q120) Identify the correct option with reference to the 'Motto' of ICSI. Show Answer

Q121) Which one is the e-Learning app of ICSI? Show Answer

Q122) Which of the following options is True with regards to the 'core values' of the ICSI? Show Answer

Q123) Which of the following options listed below is/are the duties of the company secretary?
(I) To assist the board in the conduct of the affairs of the company.
(II) To provide guidance to the directors of the company, collectively and individually, with regard to their duties, responsibilities and power.
(III) To facilitates the convening of meeting and attend board, committee and general meetings. Show Answer

Q124) Under the provisions of the Companies Act, 2013, a company secretary is recognized as: Show Answer

Q125) Who among the following is eligible for the position of Company Secretary in Practice? Show Answer

Q126) Identify the e-publication containing the latest developments taking place in various spheres of legal economic and business ecosystem circulated by ICSI on daily basis. Show Answer

Q127) As per the Companies Act 2013, a Company Secretary can be appointed as a technical member in National Company Law Appellate tribunal (NCLAT) if: Show Answer

Q128) Identify the core values of the Institute of Companies Secretaries of India (ICSI) from the options listed below:
(i) Integrity
(ii) Ethics
(iii) Reliability
(iv) Ownership and
(v) Being stakeholder centric Show Answer

Q129) The ICSI adopted its vision 2020 in the year: Show Answer

Q130) The PMQ course in corporate governance is offered to the members of the ICSI to enable them to master and apply the principles and practices of good corporate governance in real life situations. PMQ stands for: Show Answer

Q131) As per the guidelines issued by the ICSI in 2019 a Company secretary in Employment has to mandatorily generate which of the following identification numbers? Show Answer

Q132) The objective of the 'Vision New ICSI 2022' for the members is to equip members with knowledge and skills necessary to act as: Show Answer

Q133) Given below a question followed by 2 statements numbered I and II choose the statements required to answer the questions by selection a relevant option question. How many days are there in the month "X"?
Statements:
I. Month X has more than 28 days
II. Number of days in the month X is a prime number Show Answer

Q134) Every year the "Foundation Day" of The Institute of Company Secretaries of India (ICSI) is celebrated on: Show Answer

Q135) Which of the following cities does not have regional office for the Institute of Company Secretaries of India (ICSI)? Show Answer

Q136) The Institute of Company Secretaries of India (ICSI) was set up and registered as a Company in 1968 under Show Answer

Q137) The functions of ICSI are mentioned under which section of the Company Secretaries Act, 1980? Show Answer

Q138) Which of the following statements listed below is/are TRUE with reference to the services rendered by a company secretary?
(i) Syndication of loans from banks and financial institutions.
(i) Listing of securities/delisting of securities with recognized stock exchange.
(iii) Certification of annual returns of the company. Show Answer

Q139) In which year was the Institute of Companies Secretaries of India (ICSI) converted into a statutory body under the Company Secretaries Act, 1980? Show Answer

Q140) As per the Companies Act, 2013, a certification of shares, issued by the company is considered as a prima facie evidence of the title of the person to such shares if: Show Answer

Q141) The Institute of Company Secretaries of India (ICSI) does NOT have its overseas Centre in which of the following countries? Show Answer

Q142) Read the following statements with reference to the company secretaries Act, 1980 and choose the CORRECT option.
(i) Any person whose name is entered in the register as a fellow shell, so long as his name remains so entered, be entitled to use the letters "FCS: after his name to indicate that he is a fellow
(ii) Any person on his name being entered in the registrar shall be deemed to have become an associate and as long as his remains so entered shall be entitled to use the letter "ACS name to indicate that he is an associate. Show Answer

Q143) The Institute of Company Secretaries (ICSI) formally announced virtually launched a new overseas centre at which of the following countries in September, 2022? Show Answer

Q144) Which of the following option listed below is/are TRUE with reference to the Role of Company Secretary in Employment under the provisions of the Companies Act, 2013?
(i) He acts as a vital link between the company and its Board of Directors, shareholders and other stakeholders and regulatory authorities.
(ii) He provides the board with guidance as to its duties, responsibilities and powers under various laws, rules and regulations.
(iii) He acts as a compliance officer as well as an in-house legal counsellor to advise the various functional departments of the company. Show Answer

Q145) Under the Company Secretaries Act, 1980 identify the descriptive letters that a Company Secretary is entitled to use after his/her name to denote that he/she is a fellow Member of the Institute. Show Answer

Q146) ICSI - Centre for Corporate Governance Research and Training (CCGRT) is the National Research and Training Centre of the Institute of Company Secretaries of India. In May 2023 the commencement of construction of new ICSI-CCGRT centre began at which of the following places? Show Answer

Q147) As per Section 204 of the Companies Act, 2013, if a Company Secretary in Practice contravenes the provisions of this section, then he shall be punishable with a fine which shall not be less than one lakh rupees but which may extend to a maximum of upto:
Show Answer

Q148) Identify the INCORRECT statement with reference to duties performed by a Company Secretary:
Show Answer

Q149) Which of the following options listed below is/are CORRECT with reference to the principles of business ethics developed well known authorities like Cantt, J S Mill, Herbert Spencer etc.?
(i) Sacredness of means and ends
(ii) Principle of proportionality
(iii) Non-co-operation in evils Show Answer

Q150) A student who wants to pursue the Company Secretaries Course after
passing 10+2 or equivalent exam has to generally pass which of the following stages of exam(s)?
(i) CSEET
(ii) Executive Programme
(iii) Professional Programme
Show Answer

Q151) Every company having outstanding loans or borrowings from banks or public financial institutions of minimum how much amount should annex should annex with its Board's report a Secretarial Audit report given by a Company Secretary in Practice in prescribed form? Show Answer

Q152) Reading the following statement and choose the CORRECT answer.
(i) A company Secretary is primarily responsible for overseeing marketing, sales, advertising and procurement activities of the company
(ii) A company Secretary acts as a compliance officer as well as an in house legal counsel to advice the Board and the various functional departments of the compan Show Answer

Q153) Which of the following is being issued as an update on daily basis convening latest amendments on various laws for the benefit of the members and students of ICSI? Show Answer

Q154) As per Section 6 of the Company Secretaries Act, 1980, "No member of the Institute shall be entitled to practice, whether in India or elsewhere, unless he has obtained from the Council a certificate of practice". Here Council' refers to the: Show Answer

Q155) Read the following statements and choose the CORRECT answer.
(i) A Company Secretary in Practice renders professional services or assistance with respect to matters of principle or details relating to the practice of the professional of Company Secretaries
(ii) The role of a Company Secretary in Practice is limited to administrative tasks and does not involve legal or strategic decision-making for the organization Show Answer

Q156) The Northern India Regional Council (NIRC) is one of the Regional Councils of the Institute of Company Secretaries of India (ICSI)
NIRC-ICSI is located in: Show Answer