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1. General meeting refers to _____________.

A. Shareholders meetings .

B. Directors meetings.

C. Creditors meetings.

D. Debenture holder meetings.

ANS : A

 

2. The minutes of the share holder’s meeting are to be
kept at the ……….office of the company and must be open to inspection.

A. registered

B. divisional

C. head

D. none

ANS : A

 

3. The meeting other than statutory and the annual
general meeting of the company is…………

A. extra ordinary meeting

B. special meeting

C. board

D. none of these

ANS : A

 

4. The statutory meeting is required to be held by
………..companies

A. private

B. public

C. both

D. none

ANS : B

 

5. ……….is the proper authority to call annual general
meeting.

A. promoters

B. manager

C. board of directors

D. secretary

ANS : C

 

6. Annual General Meetings should be held at

A. Company

B. Registered office

C. Corporate office

D. None of these

ANS : B

 

7. Notice of statutory meeting should be given with a
period not less than

A. 21 clear days

B. 14 clear days

C. 7 clear days

D. None of these

ANS : A

 

8. Annual General Meetings should be held at

A. Company

B. Registered office

C. Corporate office

D. None of these

ANS : C

 

 

9. A company not declare dividend at.

A. Statutory meeting

B. Annual general meeting

C. Extra ordinary G.M

D. None of the above

ANS : A

 

10. ________ is the official recording of the
proceedings of a meeting

A. Quorum

B. Minutes

C. Both a) & b)

D. None of the above

ANS : B

 

11. Minutes should be recorded with in _________ days
from the date of conclusion of every meeting 190.

A. 10

B. 20

C. 30

D. 40

ANS : C

 

 

12. A voluntary winding up means winding up by.

A. Members or Creditors.

B. Members or Contributors.

C. Contributories or Creditors.

D. Share holders or Tribunal.

ANS : A

 

13. In the event of Company being wound up the Tribunal
shall prepare list of contributories into.

A. List A.

B. List B.

C. List A and List B.

D. List A or List B.

ANS : C

 

14. As per Sec.488, Declaration of Solvency of company
by the Directors in the case of voluntary winding up may be made within.

A. 5 weeks of passing resolution.

B. one month.

C. 6 months.

D. None of these.

ANS : A

 

15. The object of winding up of a company by the
Tribunal is.

A. To facilitate the protection of its assets.

B. To convert the company into private company if it is a
public company.

C. To convert the company into public company if it is a
private company.

D. To change the Memorandum and Articles.

ANS : A

 

16. Dividend and interest are ____________.

A. Synonymous terms.

B. different from each other.

C. debited to profit and loss account.

D. divisible profits.

ANS : C

 

17. Auditors act as agent of______________.

A. Shareholders.

B. directors.

C. promoter.

D. debenture holder.

ANS : A

 

18. When can an application be made to Tribunal for
constitution of a winding up committee to assist and monitor the progress of
liquidation proceedings by the Company Liquidator in carrying out the function?

A. Within two weeks from the date of passing of winding up
order

B. Within three weeks from the date of passing of winding up
order

C. Within four weeks from the date of passing of winding up
order

D. None of the above.

ANS : B

 

19. When can a winding up order not be called a notice
of discharge?

A. when the business of the company is continued

B. when the business of the company is closed since 2 years.

C. On the discretion of the management

D. till a provisional Liquidator is appointed

ANS : A

 

20. Under what circumstances the meeting of the
creditors may be dispensed by the NCLT?

A. if 70% of the creditors in value agree and confirm to the
scheme by way of affidavit

B. if 80% of the creditors in value agree and confirm to the
scheme by way of affidavit

C. if 90% of the creditors in value agree and confirm to the
scheme by way of affidavit

D. None of the above

ANS :C

 

21. Maximum period for which a person may be appointed
or reappointed at a time as Managing director, Whole time director or Manager in a
company shall be ________.

A. 3 Years

B. 5 Years

C. 7 Years

D. None of the Above

ANS : B

 

22. Compensation payable u/s 202(1) of companies Act,
2013 to a managing director shall not be paid in which of the following situations?

A. where the director resigns from his office as a result of
the reconstruction of the

company.

B. where the director resigns from his office otherwise than
on the reconstruction of the company.

C. where the office of the director is vacated u/s 167(1).

D. all of the above.

ANS : D

 

23. Which of the following is correct in relation to
sitting fees of directors as per Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014?

A. The sitting fees for Independent Directors and Women
Directors shall not be less than 1 Lac.

B. The sitting fees for Independent Directors and Women
Directors shall not be more than 1 Lac.

C. The sitting fees for Independent Directors and Women
Directors shall not be less than the sitting fee payable to other directors.

D. The sitting fees for Independent Directors and Women
Directors shall not be more than the sitting fee payable to other directors.

ANS : C

 

24. Reappointment of Managing director, Whole time
director or Manager shall not be made earlier than _________.

A. 3 months before the expiry of his term

B. 6 months before the expiry of his term

C. 9 months before the expiry of his term

D. 12 months before the expiry of his term

ANS : D

 

25. Key Managerial Personnel in relation to a company,
do not include which of the following:

A. Chief Executive Officer.

B. Chief Financial Officer.

C. Chief Operating Officer.

D. Manager.

ANS : C

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