Practice Test

Q1) The Companies Act, 2013 extends to the ....... Show Answer

Q2) A company may be ....... Show Answer

Q3) The case of ......, has clearly established the principle that company is a legal person distinct from its members. Show Answer

Q4) Characteristic of a company .... Show Answer

Q5) Characteristic of a company ... Show Answer

Q6) Characteristic of a company .... Show Answer

Q7) The liability of the members of a company is limited to the extent of the ....... of the shares held by them. Show Answer

Q8) Company has ...... succession. Show Answer

Q9) In the case of a company limited by guarantee, the members are liable only to the extent of the .... by them and not beyond, and only when the company goes into liquidation. Show Answer

Q10) Perpetual succession means ...... Show Answer

Q11) A company dies with the death of its shareholders. Show Answer

Q12) The shares of company are said to be ..... Show Answer

Q13) The shares of joint stock companies are .... Show Answer

Q14) In the case of a private company, every member owing fully paid-up shares can freely transfer shares held by him subject to the provisions in the articles of the company. Show Answer

Q15) As a corporate person, the company is NOT entitled to own and hold property in its own name. Show Answer

Q16) Member can claim ownership of any item of the company's assets. Show Answer

Q17) Common seal of the company acts as the official signature of a ...... Show Answer

Q18) A document not bearing common seal of the company is not authentic and has no legal force. Show Answer

Q19) A company being a body corporate can sue but cannot be sued in its own name. Show Answer

Q20) Which of the following is a distinct legal person ? Show Answer

Q21) Members or Shareholders are agents of a company. Show Answer

Q22) Members of a company cannot contract with company. Show Answer

Q23) A partner's liability is always limited whereas that of shareholder may be unlimited either by shares or a guarantee. Show Answer

Q24) A private company cannot have more than ...... Show Answer

Q25) In a public company there must not be less than .... Show Answer

Q26) ....... have homogeneous member. Show Answer

Q27) In a private company there must not be less than .... Show Answer

Q28) As per ..... of the Companies Act, 2013 " company" means a company incorporated under Companies Act, 2013 or under any previous company law Show Answer

Q29) A company is legally required to have its accounts audited annually by a ...... Show Answer

Q30) A company consists of ....... members, whereas a Hindu Undivided Family business consists of ....... members since it consists of members of the joint family itself. Show Answer

Q31) Registration of a company is ...... Show Answer

Q32) "Body Corporate" or "Corporation" includes a company incorporated outside India but does not include ..... Show Answer

Q33) A society registered under the Societies Registration Act come within the term 'Body-Corporate'. Show Answer

Q34) Which one of the following is advantage of incorporation of company ? Show Answer

Q35) Which of the following is advantage of incorporation of company ? Show Answer

Q36) Which of the following is advantage of incorporation of company ? Show Answer

Q37) Which of the following is disadvantage of incorporation of company ? Show Answer

Q38) Where a fraudulent and dishonest use is made of the legal entity, the Court will break through the corporate shell and apply the principle of what is known as ...... Show Answer

Q39) If company do not follow the principle of separate legal entity ...... can be done. Show Answer

Q40) The corporate veil can be lifted : ........ Show Answer

Q41) The corporate veil can be lifted :....... Show Answer

Q42) The corporate veil can be lifted : ...... Show Answer

Q43) Minimum paid-up capital for a private company is ..... Show Answer

Q44) A private company means a company which has .... Show Answer

Q45) A private company means a company which by its articles .... Show Answer

Q46) 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) General Manager
(iv) Whole Time Director
(v) Chief Legal Officer
(vi) Chief Financial Officer Show Answer

Q47) Where the corporate veil has been used for commission of fraud or improper conduct, Courts have lifted the veil and looked at the realities of the situation. In relation this which of the following case law can be quoted ? Show Answer

Q48) Where two or more persons hold one or more shares in a private company jointly, they shall be counted as a ...... member. Show Answer

Q49) On which of the following company, the Companies Act, 2013, confers certain privileges ?
(i) Private Companies
(II) One Person Company
(iii) Small Companies Show Answer

Q50) Public company means a company which is not a ..... Show Answer

Q51) Minimum paid up capital for public company is .... Show Answer

Q52) Private Company which is a subsidiary of a public company is treated as .... Show Answer

Q53) Maximum number of members of a private company are .... Show Answer

Q54) A public company must have at least .... Show Answer

Q55) A private company must have at least ...... Show Answer

Q56) In the case of a ....., the directors must file with the Registrar a consent to act as directors or sign an undertaking for their qualification shares Show Answer

Q57) Total managerial remuneration in a public company cannot exceed .... of the net profits. Show Answer

Q58) A company may be .... Show Answer

Q59) ...... is a company not having any limit on the liability of its members. Show Answer

Q60) An association not for profit registered under the Companies Act, 2013 popularly known as .... Show Answer

Q61) Association not for profit has to take ..... from Central Government. Show Answer

Q62) ...... permits the registration, under a license granted by the Central Government, of associations not for profit with limited liability without being required to use the word "Limited" or the words "Private Limited" after their names. Show Answer

Q63) License under section 8 of the Companies Act, 2013, may be granted by Central Government if .....
(i) It is intended to from a company for promoting commerce, art, science, religion, charity or any other useful object
(ii) The company allows the payment of dividend to its members
(iii) Apply its profits or other income in promotion of its objects Show Answer

Q64) Section 2(45) of the Companies Act, 2013 defines a "Government company" as any company in which not less than .... of the paid up share capital is held by the Central Government, or by any State Government or Governments or partly by the Central Government or partly by one or more State Governments. Show Answer

Q65) The auditor of a Government company is appointed or reappointed by the .... Show Answer

Q66) A ...... is a company which is incorporated in a country outside India under the law of that other country and has established a place of business in India. Show Answer

Q67) Every foreign company which establishes a place of business in India must, within ..... of the establishment of such place of business, file with the Registrar of Companies at new Delhi and also with the Registrar of Companies of the State in which such place of business is situated certain documents. Show Answer

Q68) As per .... of the Companies Act, 2013, "One Person Company" means a company which has only one person as a member. Show Answer

Q69) A company shall be deemed to be a subsidiary of another, if and only if .....
(i) That other controls the composition of its Board of directors
(ii) That other holds more than half of the nominal value of its equity share capital
(iii) The first-mentioned company is a subsidiary of any company which is that other's subsidiary.
(iv) That first mentioned company is associate of other company Show Answer

Q70) Company should be formed for a ..... Show Answer

Q71) The ROC is the authority which ..... Show Answer

Q72) ....... conceives the idea of the business. Show Answer

Q73) Promoter means .... Show Answer

Q74) Who of the following can be promoter ? Show Answer

Q75) Function of promoter .... Show Answer

Q76) A promoter is ..... of company Show Answer

Q77) A promoter can make a secret profit ? Show Answer

Q78) A ....... stands in a fiduciary relation to the company which he promotes. Show Answer

Q79) Promoter can make a profit .... Show Answer

Q80) The first step towards incorporation of a company is .... Show Answer

Q81) A company is identified by the name with which it is registered and such name of the company is stated in ..... Show Answer

Q82) A company cannot be registered with the name .... Show Answer

Q83) For ascertaining as to whether the proposed name is available for adoption, the promoters are required to make an application to the .... Show Answer

Q84) As per Rule 9 of Companies (Incorporation) Rules, 2014, for reservation of name shall be made in ..... Show Answer

Q85) For ascertaining as to whether the proposed name is available for adoption, the promoters are required to make an application to the Registrar of Companies in Form No. INC 1 along with fee as provided in .... Show Answer

Q86) Which of the following person is NOT eligible to incorporate One Person Company (OPC) as per Companies Act, 2013 ?
(i) Indian citizen and resident in India
(ii) Person who has already incorporated one OPC in India.
(iii) Artificial person
(iv) Indian citizen and non-resident in India. Show Answer

Q87) In relation to OPC, "resident in India" means a person who has stayed in India for a period of not less than ..... days during the immediately preceding one calender year Show Answer

Q88) The memorandum has to be divided into ..... Show Answer

Q89) The first clause of the memorandum is .... Show Answer

Q90) The second clause of the memorandum is .... Show Answer

Q91) The third clause of the memorandum is ..... Show Answer

Q92) The fourth clause of the memorandum is .... Show Answer

Q93) The fifth clause of the memorandum is .... Show Answer

Q94) Registered Office clause of the memorandum shall mention the ..... in which the registered office of the company is to be situated. Show Answer

Q95) The objects clause of company is further divided into .... Show Answer

Q96) A process of examining carefully the contents of documents from legal point of view is known is ... Show Answer

Q97) A partnership firm cannot become member of the company registered under section 8 of the Companies Act, 2013. Show Answer

Q98) The article constitute a contract between the company and its ..... and members inter se. Show Answer

Q99) Model Articles of Association contained in First Schedule can be adopted by .... Show Answer

Q100) A private company must register its own Article. Show Answer

Q101) The provisions contained in the Articles of Association should not conflict with ..... Show Answer

Q102) Table F of Schedule I to the Companies Act, 2013 contains the formats of .... Show Answer

Q103) Table A of Schedule I to the Companies Act, 2013 contains the formats of .... Show Answer

Q104) Table C Schedule I to the Companies Act, 2013 contains the formats of .... Show Answer

Q105) Table D of Schedule I to the Companies Act, 2013 contains the formats of .... Show Answer

Q106) Table E of Schedule I to the Companies Act, 2013 contains the formats of .... Show Answer

Q107) The memorandum and articles must be ..... Show Answer

Q108) In the case of companies having share capital the subscribers to the memorandum should take at least ...... each. Show Answer

Q109) Table I of Schedule I to the Companies Act, 2013 contains the formats of .... Show Answer

Q110) Table J of Schedule I to the Companies Act, 2013 contains the formats of .... Show Answer

Q111) Which of the following statements is/are correct in relation to One Person Company (OPC) as per the Companies Act, 2013 ?
(i) Minor can become member or nominee of the One Person Company
(ii) Minor can hold share with beneficial interest in One Person Company
(iii) Natural person who is an Indian citizen and resident in India can only incorporate One Person Company.
(iv) One Company Person can carry out non-banking financial investment activities.
(v) One Person Company can convert voluntarily into any kind of company after two years from the date of incorporation. Show Answer

Q112) Who will grant license under section 8 of the Companies Act, 2013 ? Show Answer

Q113) Which of the following statement is CORRECT in relation to Non-Profit making companies registered under section 8 of the Companies Act, 2013 ?
(I) Non-profit making companies registered under section 8 of the Companies Act, 2013 can pay 10% of their surplus as dividend on approval of Central Government.
(II) A firm may be a member of the non-profit making companies registered under section 8 of the Companies Act, 2013.
(III) Non-profit making companies registered under section 8 of the Companies Act, 2013 cannot convert itself into company of any other kind.
(IV) Non-profit making companies registered under section 8 of the Companies Act, 2013 has in its objects the promotion of commerce, art, science, sports, education research, social welfare, religion,charity, protection of environment or any such other objects. Show Answer

Q114) Small company as defined in section 2(85) of the Companies Act, 2013 means which of the following company ? Show Answer

Q115) Which of the following conditions are required to be fulfilled by private company in order to treat it as Small Company under section 2(85) of the Companies Act, 2013 ?
(I) Paid up share capital does not exceed Rs 50 lakhs or such higher amount as may be prescribed which shall not be more than Rs 5 Crores.
(II) Its borrowing as per latest audited balance sheet does not exceed Rs 20 Crores or such higher amount as may be prescribed which shall not be more than Rs 50 Crores.
(III) Turnover as per its last profit & loss account does not exceed Rs 2 Crores or such higher amount as may be prescribed which shall not be more than Rs 20 Crores.
(IV) Paid up share does not exceed Rs 25 lakhs or such higher amount as may be prescribed which shall not be more than Rs 2.5 Crores. Show Answer

Q116) ....... of the Companies Act, 2013 defines "Government Company". Show Answer

Q117) As per section 2(69) of the Companies Act, 2013, which of the following person can be treated as "Promoter" ?
(I) Who has been named as such in a prospectus or is identified by the company in the annual return referred to in section 92.
(II) Who has control over the affairs of the company, directly or indirectly whether as a share holder, director or otherwise
(III) In accordance with whose advice, directions or instructions the Board of Directors of the company is the company is accustomed to act
(IV) Person who is acting in a professional capacity Show Answer

Q118) If the Registrar is satisfied that all requirements, have been complied with, he will register the company and issue the.... Show Answer

Q119) Private company need not to obtain certificate of commencement of business. Show Answer

Q120) A company registered under section 8 of the Companies Act, 2013 may convert itself into company of any other kind only after playing with prescribed conditions. Show Answer

Q121) As regards ratification of promoters contracts, the view taken in ..... was that the company could not ratify contract made by a promoter before its incorporation. Show Answer

Q122) The corollary which the law deduces from this rule of fiduciary relationship is that a promoter may not make, ......., any profit at the expense of the company, he promotes, without the knowledge and consent of the company, and that, if he does make a secret profit in disregard of this rule, the company can compel him to account for it, and surrender the secret profit. Show Answer

Q123) A promoter ..... Show Answer

Q124) According to section 4(2) of the Companies Act, 2013, the name stated in the memorandum shall not -
(a) ...... or ....... too nearly to the name of an existing company registered under this Act or any previous company law.
Show Answer

Q125) The general functions of the articles have been aptly summed up by Lord Cairns, L.C.in .... Show Answer

Q126) Rule 12 of Companies (Incorporation) Rules, 2014 states that an application for incorporation shall be filed with ROC in ....... in case of one person company or ..... in case of other companies. Show Answer

Q127) Rule 14 of the Companies (Incorporation) Rules, 2014 states that for the purpose of clause (b) of sub-section (1) of section 7, the declaration by advocate, a Chartered Accountant, Cost Accountant or Company Secretary-in-Practice shall be in .... Show Answer

Q128) Rule 15 of the Companies (Incorporation) Rules, 2014 states that for the purpose of clause (c) of subsection (1) of section 7, the affidavit shall be submitted by each of the subscribers of the memorandum and each of the first directors named in the articles in ..... Show Answer

Q129) As per rule 25(1) of Companies (Incorporation) Rules, 2014, the verification of registered office shall be filled in .... Show Answer

Q130) The persons who are in charge of the management of the affairs of a company are .... Show Answer

Q131) Directors take the decision regarding the management of a company collectively in their meetings known as .... Show Answer

Q132) As per section 173 of the Companies Act, 2013, not more ..... shall intervene between two consecutive Board meetings. Show Answer

Q133) As per section 173 of the Companies Act, 2013, at least ...... board meetings must be held every year. Show Answer

Q134) The decisions at the board meetings are taken by ...... of votes. Show Answer

Q135) 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

Q136) 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

Q137) The term 'director' is defined in ...... of the Companies Act, 2013. Show Answer

Q138) According to section 2(34) of Companies Act, 2013, "director" means a director appointed to the Board of a Company. Show Answer

Q139) One person Company shall have ..... Show Answer

Q140) As per Companies Act, 2013, a company can appoint maximum ..... directors. Show Answer

Q141) Company may appoint more than 15 directors after passing a .... Show Answer

Q142) As per section 165 of the Companies Act, 2013, maximum number of directorships, including any alternate directorship a person can hold is ..... Show Answer

Q143) 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

Q144) 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

Q145) 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

Q146) An independent director means a director other than a ..... who does not have any material or pecuniary relationship with the company / directors. Show Answer

Q147) 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

Q148) 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

Q149) 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

Q150) 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

Q151) Only ..... can be appointed as director of any company. Show Answer

Q152) Any corporate body/Association of firm can be appointed as director of the company. This statement is ..... Show Answer

Q153) No company shall appoint or re-appoint any individual as director of the company unless he has been allotted a ..... Show Answer

Q154) Every public company shall have at least .... Show Answer

Q155) According to section 151 of the Companies Act, 2013 every listed company .... have one director elected by such small shareholders. Show Answer

Q156) According to section 151 of the Companies Act, 2013 every ..... may have one director elected by such small shareholders. Show Answer

Q157) Every private company shall have at least .... Show Answer

Q158) Every listed public company shall have at least ..... of the total number of directors as independent directors. Show Answer

Q159) 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

Q160) Directors may be appointed ..... Show Answer

Q161) Directors may be appointed .... Show Answer

Q162) The first directors are usually named in the .... Show Answer

Q163) If first directors are not named in the Article, the subscribers to the ..... are deemed to be the directors. Show Answer

Q164) In the case of public company, out of the total number of directors only .... can be permanently appointed. Show Answer

Q165) In the case of public company,out of the total number of directors ..... be directors liable to retire by rotation Show Answer

Q166) 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

Q167) XYZ Ltd. has total 6 directors. Directors liable to retire by rotation should be ....... Show Answer

Q168) XYZ Ltd. has total 7 directors.Directors liable to retire by rotation should be ..... Show Answer

Q169) XYZ Ltd. has total 8 directors. Directors liable to retire by rotation should be ..... Show Answer

Q170) XYZ Ltd. has total 9 directors. Directors liable to retire by rotation should be .... Show Answer

Q171) XYZ Ltd. has total 10 directors. Directors liable to retire by rotation should be .... Show Answer

Q172) XYZ Ltd. has total 11 directors. Directors liable to retire by rotation should be .... Show Answer

Q173) 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

Q174) 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

Q175) 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

Q176) 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

Q177) 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

Q178) 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

Q179) Out of two third directors liable to retire by rotation one third director retiring ..... retire first. Show Answer

Q180) Additional directors are appointed by ..... Show Answer

Q181) Additional directors hold office up to the date of the next .... Show Answer

Q182) ...... is appointed in the place of original director in case of his absence. Show Answer

Q183) 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

Q184) "Small shareholder" means a shareholder holding shares of nominal value of not more than ..... or such other sum as may be prescribed. Show Answer

Q185) 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

Q186) Director Identification Number is ...... for appointment of director of a company. Show Answer

Q187) 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

Q188) 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

Q189) 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

Q190) 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

Q191) 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

Q192) 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

Q193) The notice of board meeting can be given by .... Show Answer

Q194) In case the board meeting is called at shorter notice, at least .... shall be present at the meeting. Show Answer

Q195) ...... of total strength or ....., whichever is higher,, shall be the quorum for a board meeting. Show Answer

Q196) 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

Q197) 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

Q198) 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

Q199) 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

Q200) 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

Q201) 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

Q202) A whole-time key managerial personnel shall not hold office in more than ..... company except in its ..... company at the same time. Show Answer

Q203) 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

Q204) 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

Q205) 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

Q206) The functions of the company secretary are specified in ..... of the Companies Act, 2013. Show Answer

Q207) 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

Q208) A managing director being essentially a director must be an individual. Show Answer

Q209) Section 96 of the Companies Act, 2013 provides that ....., other than a ..... is required to hold an annual general meeting every year. Show Answer

Q210) Only an individual can be appointed a manager of a company . Show Answer

Q211) First annual general meeting of the company should be held within ..... from the closing of the first financial year. Show Answer

Q212) Subsequent annual general meeting of the company should be held within .... from the closing of the financial year. Show Answer

Q213) The gap between two annual general meetings should not exceed .... Show Answer

Q214) 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

Q215) An AGM can be called during ....., that is,between 9 am and 6 pm on any day that is not a .... Show Answer

Q216) 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

Q217) 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

Q218) All general meetings other than annual general meetings are called .... Show Answer

Q219) 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

Q220) 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

Q221) 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

Q222) 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

Q223) 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

Q224) An extraordinary general meeting can be held on .... Show Answer

Q225) ...... 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

Q226) A general meeting of a company may be called by giving not less than ..... notice either in writing or through electronic mode. Show Answer

Q227) Maximum number of members under a private company as provided under the Companies Act, 2013. Show Answer

Q228) Document that regulates the management of internal affairs of a company are Show Answer

Q229) Under the Companies Act, 2013, “Significant influence” constitutes how much % of total share capital or of business decisions under an agreement? Show Answer

Q230) A Private Company which is subsidiary of a Public Company is treated as Show Answer

Q231) Which one of the following is not the content of the Memorandum of Association? Show Answer

Q232) An Act is said to be ultra vires a company when it is beyond the powers. Show Answer

Q233) Turquand Rule is related to: Show Answer

Q234) The minimum number of members in a private company and public company are Show Answer

Q235) Only a natural person who is an Indian citizen and who has stayed in India for a period of at least ________ days during the immediately preceding financial year shall be eligible to incorporate an OPC. Show Answer

Q236) XYZ Limited is having 15% share capital held by X Limited and 50% held by Central Government and 10% held by State Government and 25% held by other people then that company will be _________ . Show Answer

Q237) The Doctrine of indoor management is a protection that is available to: Show Answer

Q238) The doctrine which advocates the fact that company cannot act beyond the scope of its memorandum of association is: Show Answer