Description : For calling the Extraordinary General Meeting a clear notice of ……… days must be given to all the members. (A) 7 (B) 15 (C) 21 (D) 30
Last Answer : Answer: 21
Description : ‘Object Clause’ of a Memorandum of Association can be altered by– (A) Ordinary resolution (B) Special resolution (C) Special resolution and confirmation by Registrar of Companies (D) Special resolution and confirmation by Company Law Board
Last Answer : Answer: Special resolution and confirmation by Company Law Board
Description : Minutes of the annual general meeting must be prepared and signed by the chairman within– (A) 14 days of the meeting (B) 21 days of the meeting (C) 30 days of the meeting (D) 45 days of the meeting
Last Answer : Answer: 30 days of the meeting
Description : A special resolution is passed in a company meeting by– (A) Simple majority (B) 2/3 majority (C) 3/4 majority (D) None of the above
Last Answer : Answer: 3/4 majority
Description : A meeting of the shareholders held only once during the life time of the company is known as– (A) Meeting of the Directors (B) Meeting of the Creditors (C) Extraordinary General Meeting (D) Statutory Meeting
Last Answer : Answer: Statutory Meeting
Description : Appointment of a person who is a Director, as a Secretary in the Company would require approval of the company by– (A) Special Resolution (B) Ordinary Resolution (C) Resolution by circulation (D) None of the above
Last Answer : Answer: Special Resolution
Description : An annual general meeting may be called after giving shorter notice instead of 21 clear days, if consent is accorded by– (A) All the directors of company (B) All the members entitled to vote there at (C) Majority of members entitled to vote there all (D) None of the above
Last Answer : Answer: All the members entitled to vote there at
Description : Articles of Association can be altered by passing– (A) An ordinary resolution in Annual General Meeting (B) A special resolution in Annual General Meeting (C) A resolution with special notice (D) Without any resolution
Last Answer : Answer: A special resolution in Annual General Meeting
Description : Any person aggrieved by any decision or order of the National Company Law Appellate Tribunal can appeal to which one of the following and within how much period ? (A) High Court, within 30 days (B) ... Court within 60 days (C) SEBI within 90 days (D) Department of Companies Affairs within 60 days
Last Answer : Answer: Supreme Court within 60 days
Description : Who can be appointed as a Company Secretary under the Companies Act, 1956 ? (A) An individual (B) A partnership firm (C) A company (D) None of the above
Last Answer : Answer: An individual
Description : Appointment of full time Company Secretary is compulsory in all those companies, whose paidup share capital is– (A) Rs. 50 lakhs or more (B) Rs. 1 crore or more (C) Rs. 2 crores or more (D) Rs. 3 crores of more
Last Answer : Answer: Rs. 2 crores or more
Description : A company limited by shares has to call the statutory meeting within a period of not less than one month and not more than six months. This period is counted with reference to which one of ... date of actual receipt of certificate of incorporation (D) The date of actual commencement of business
Last Answer : Answer: The date at which the company is entitled to commence business
Description : Articles of Association of a company can be altered by– (A) An ordinary resolution (B) A resolution with a special notice (C) A special resolution (D) None of the above
Last Answer : Answer: A special resolution
Description : Statement containing details of items to be considered in a meeting is called– (A) Agenda (B) Minutes (C) Resolution (D) Notice
Last Answer : Answer: Agenda
Description : Consumers cooperative store is set up by the– (A) Central Government (B) State Government (C) Registrar of Cooperative Societies (D) Members
Last Answer : Answer: Members
Description : Where does an auditor of a cooperative society submit the audit report ? (A) To the managing committee of the society only (B) To the Registrar of Cooperative Societies of the State concerned only (C ... (D) To the Registrar of Cooperative Societies of the State concerned and a copy to the society
Last Answer : Answer: To the Registrar of Cooperative Societies of the State concerned only
Description : Convening meetings of a company is the responsibility of the– (A) Chairman, Board of Directors (B) Managing Director (C) Company Secretary (D) General Manager
Last Answer : Answer: Company Secretary
Description : i. An extraordinary general meeting is held _______ (a) once in a year (b) once in the life time (c) under special circumstances
Last Answer : Select the correct answer from the options given below and rewrite the statement: i. An extraordinary general ... a) Fifteen (b) Sixty (c) Forty
Description : While auditing the financial statements of non-corporate enterprises, the auditor's duties and scope of work would be governed by- (A) the statute passed by the Parliament (B) the Companies Act, 1956, and ... (C) the agreement with his client. (D) the provisions of the Income Tax Act, 1961
Last Answer : Answer: the agreement with his client.
Description : Appointment of a Company Secretary is made by– (A) Promoters (B) Board of Directors (C) Debenture holders (D) Government
Last Answer : Answer: Board of Directors
Description : Liability of a Company Secretary is– (A) Contractual only (B) Statutory only (C) Civil only (D) Both contractual and statutory
Last Answer : Answer: Both contractual and statutory
Description : The first Secretary of the company is appointed by– (A) Shareholders (B) Promoters (C) Government (D) Directors
Last Answer : Answer: Promoters
Description : “The position of a Company Secretary is like that of a hub in a bicycle wheel.” This statement shows the– (A) Importance of Company Secretary (B) Rights of Company Secretary (C) Duties of Company Secretary (D) Liabilities of Company Secretary
Last Answer : Answer: Importance of Company Secretary
Description : The first auditor of a company appointed, holds office– (A) For a period of one year (B) For that period till new auditor is appointed (C) Till the conclusion of first Annual General Meeting (D) Till the holding of statutory meeting of the company
Last Answer : Answer: Till the conclusion of first Annual General Meeting
Description : A vacancy caused by the resignation of the auditor is filled only by the– (A) Board of Directors of the Company (B) Central Government (C) General Meeting of the shareholders (D) Managing Director of the company
Last Answer : Answer: General Meeting of the shareholders
Description : The object of ‘Agenda’ is to inform– (A) About the profitability and activity (B) About the progress of company (C) About the matter in sequence to be discussed in the meeting (D) About the routine matters
Last Answer : Answer: About the matter in sequence to be discussed in the meeting
Description : Which of these must hold a Statutory Meeting ? (A) Public Limited Company (B) Private Company (C) Unlimited Company (D) All of these
Last Answer : Answer: Public Limited Company
Description : Fax is used for– (A) Sending telephonic message (B) Sending copies of documents (C) Exercising control (D) Decision making
Last Answer : Answer: Sending copies of documents
Description : A public corporation is set up– (A) By a Special Act of Parliament (B) By a special order of the Government (C) Under Indian Companies Act, 1956 (D) By none of the above
Last Answer : Answer: By a Special Act of Parliament
Description : Total sales is Rs. 7,60,000, cash sales Rs. 30,000 collection period is 25 days, debtors at Balance Sheet date will be– (A) Rs. 80,000 (B) Rs. 70,000 (C) Rs. 60,000 (D) Rs. 50,000
Last Answer : Answer: Rs. 50,000
Description : A money bill passed by the Lok Sabha is deemed to have been passed by the Rajya Sabha also when no action is taken by the Upper House within : (1) 10 days (2) 14 days (3) 20 days (4) 30 days
Last Answer : (2) 14 days Explanation: In the Westminster system (and, colloquially, in the United States), a money bill or supply bill is a bill that solely concerns taxation or government spending (also known as ... is deemed to have passed both houses in the form it was originally passed by the Lok Sabha.
Description : A Money Bill passsed by the Lok Sabha is deemed to have been passed by the Rajya Sabha also when no action is taken by the Upper House within— (A) 10 days (B) 14 days (C) 20 days (D) 30 days
Last Answer : (B) 14 days
Description : Company should file a prospectus in case of conversion of private company into a public company with in __________ from the date of resolution A. 30 days B. 45 days C. 60 days D. none of these
Last Answer : D. none of these
Description : Under Section 275 of the Companies’ Act, 1956 a person can become director in public company of not more than– (A) 5 companies (B) 10 companies (C) 15 companies (D) 20 companies
Last Answer : Answer: 15 companies
Description : Members of a company may apply to which one among the following for relief under the Companies Act, 1956 in cases of oppression ? (A) Central Government (B) High Court of Judicature (C) National Company Law Tribunal (D) National Company Law Appellate Tribunal
Last Answer : Answer: National Company Law Tribunal
Description : Which of the following companies do not have the obligation to get its Articles of Association registered along with the Memorandum of Association ? (A) Public Company limited by shares (B) Unlimited companies (C) Private companies limited by shares (D) Companies limited by guarantee
Last Answer : Answer: Public Company limited by shares
Description : XYZ Ltd. issued 10,000 shares of Rs. 100 each at Rs. 120 per share with Rs. 25 on application, Rs. 45 on allotment including premium, Rs. 20 on first call and Rs. 30 on final call. Govind who held 200 shares did not pay ... forfeiture ? (A) Rs. 14,000 (B) Rs. 10,000 (C) Rs. 9,000 (D) Rs. 4,000
Last Answer : Answer: Rs. 10,000
Description : Under the SARFAESI Act, 2002, the Central Registrar may allow the filing of the particulars of creation of security interest within _____ next following the expiry of the period of initial thirty days on payment of additional fee. a) Ten days b) Thirty days c) Twenty-five days d) Fifteen days
Last Answer : b) Thirty days
Description : Job Evaluation is carried on mainly for– (A) identifying geographical locational factors of business enterprise (B) promoting job satisfaction (C) simplifying wage administration (D) meeting competition effectively
Last Answer : Answer: simplifying wage administration
Description : The Meeting of Board of Directors must be called at least once– (A) In four months (B) In three months (C) In two months (D) In one month
Last Answer : Answer: In three months
Description : Share premium account can be used for– (A) Paying tax liability (B) Meeting the cost of issue of shares or debentures (C) Paying Dividend on shares (D) Meeting the loss on sale of old asset
Last Answer : Answer: Meeting the cost of issue of shares or debentures
Description : What is the purpose of conducting an Extraordinary General Meeting?
Last Answer : What is the purpose of conducting an Extraordinary General Meeting?
Description : Any change in the address of the registered office must be communicated to the registrar with in: A. 15 days B. 30 days C. 1 Month D. 12 months
Last Answer : A. 15 days
Description : Organization of Islamic Cooperation (OIC) extraordinary meeting was held in: (a) Jeddah, Saudi Arabia (b) Islamabad, Pakistan (c) Istanbul, Turkey (d) None of These
Last Answer : (c) Istanbul, Turkey
Description : A company forfeited 30 equity shares of Rs. 10 each fully called-up, for non-payment of allotment money of Rs. 3 and call-money of Rs. 4 per share. If these shares are reissued at Rs. 8 per share fully paid, the amount ... to capital reserve will be- (A) Rs. 300 (B) Rs. 60 (C) Rs. 90 (D) Rs. 30
Last Answer : Answer: Rs. 30
Description : Alfa Company Limited acquired the business of M/s Bharat Traders. The valuation of the items acquired was-building Rs. 1,20,000; machinery Rs. 80,000 and stock-in-trade Rs. 30,000. The company issued in lieu of the above items 800, ... ) Rs. 2,30,000 (B) Rs. 1,00,000 (C) Rs. 50,000 (D) Rs. 30,000
Last Answer : Answer: Rs. 30,000
Description : The profit of a company (whose capital is divided into 25‚000 shares of Rs. 10 each) for the last three years are : Rs. 50‚000; Rs. 60‚000 and Rs. 40‚000. The fair return on investment is taken at 10% p.a. The value of company’s share will be– (A) Rs. 10 (B) Rs. 20 (C) Rs. 30 (D) Rs. 40
Last Answer : Answer: Rs. 20
Description : Indian Partnership Act was passed in the year– (A) 1956 (B) 1936 (C) 1932 (D) 1930
Last Answer : Answer: 1932
Description : At least how many days of prior notice is required for the impeachment to the President of India? (1) 7 days (2) 14 days (3) 21 days (4) 30 days
Last Answer : (2) 14 days Explanation: For impeachment of President of India at least fourteen days notice in writing is required.