Justify the following statement: As per the Companies Act, every company has to hold the Annual General Meeting.

Justify the following statement: As per the Companies Act, every company has to hold the Annual General Meeting.
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Justify the following statement: As per the Companies Act, every company has to hold the Annual General Meeting.
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Justify the following statement: Annual General Meeting is adjourned in absence of a quorum.

Description : Justify the following statement: Annual General Meeting is adjourned in absence of a quorum.

Last Answer : Justify the following statement: Annual General Meeting is adjourned in absence of a quorum.

i. Within what period should the company hold its 1st Annual General Meeting? ii. At which place should the Annual General Meeting be held?

Description : i. Within what period should the company hold its 1st Annual General Meeting? ii. At which place should the Annual General Meeting be held?

Last Answer : Study the following case situation and express your opinion: Platinum Limited Company was incorporated on ... notice and agenda be sent to members?

Justify the following statement: When a company is in financial difficulty it may call a meeting of creditors.

Description : Justify the following statement: When a company is in financial difficulty it may call a meeting of creditors.

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Justify the following statement: The Companies Act, 2013 has given certain Powers to ROC.

Description : Justify the following statement: The Companies Act, 2013 has given certain Powers to ROC.

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The Quorum for the Annual General Meeting of a public company depends upon the number of shareholders.

Description : The Quorum for the Annual General Meeting of a public company depends upon the number of shareholders.

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i. Can the company call for the next Annual General Meeting to be held immediately to remove the Director?

Description : i. Can the company call for the next Annual General Meeting to be held immediately to remove the Director?

Last Answer : Study the following case situation and express your opinion: XYZ Ltd held its Annual General ... this meeting for the removal of the Director?

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

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

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

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

Justify the following statement: Extra Ordinary General Meeting is called under special circumstances.

Description : Justify the following statement: Extra Ordinary General Meeting is called under special circumstances.

Last Answer : Justify the following statement: Extra Ordinary General Meeting is called under special circumstances.

Justify the following statement: A notice of the meeting must be sent to all members in case of the General Meeting.

Description : Justify the following statement: A notice of the meeting must be sent to all members in case of the General Meeting.

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Identify the statement that is consistent with utilitarian ethical theory: A. Adhering to a set of principles may well forbid an act that would otherwise provide overall net good consequences. B. No act is ever morally right or wrong in all cases, in every situation. It will all depend on the act's consequences. C. Some actions like murder, theft, rape, and lying are wrong of their very nature, the kind of acts they are. No amount of net good consequences could ever justify them. D. The end never justifies the means.

Description : Identify the statement that is consistent with utilitarian ethical theory: A. Adhering to a set of principles may well forbid an act that would otherwise provide overall net good consequences. B. No ... amount of net good consequences could ever justify them. D. The end never justifies the means.

Last Answer : B. No act is ever morally right or wrong in all cases, in every situation. It will all depend on the act's consequences.

Justify the following statement: Board of Directors can exercise their powers collectively through the Board Meeting.

Description : Justify the following statement: Board of Directors can exercise their powers collectively through the Board Meeting.

Last Answer : Justify the following statement: Board of Directors can exercise their powers collectively through the Board Meeting.

Justify the following statement: The meeting must be duly convened and properly constituted.

Description : Justify the following statement: The meeting must be duly convened and properly constituted.

Last Answer : Justify the following statement: The meeting must be duly convened and properly constituted.

Justify the following statement: The proxy can not speak in the meeting.

Description : Justify the following statement: The proxy can not speak in the meeting.

Last Answer : Justify the following statement: The proxy can not speak in the meeting.

The Secretary of a Company should file copies of Special Resolution passed at Extraordinary General Meeting to the Registrar of Companies within– (A) 7 days (B) 14 days (C) 21 days (D) 30 days

Description : The Secretary of a Company should file copies of Special Resolution passed at Extraordinary General Meeting to the Registrar of Companies within– (A) 7 days (B) 14 days (C) 21 days (D) 30 days

Last Answer : Answer: 30 days

Which of these must hold a Statutory Meeting ? (A) Public Limited Company (B) Private Company (C) Unlimited Company (D) All of these

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

If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during this time. b. pay within the discount period and recognize a savings. c. pay within the credit period but don't take the trouble to invest the cash while waiting to pay the bill. d. recognize that the supplier is desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Description : If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during ... desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Last Answer : b. pay within the discount period and recognize a savings.

(i) 30 clear days’ notice should be given in case of the Annual General meeting.

Description : (i) 30 clear days’ notice should be given in case of the Annual General meeting.

Last Answer : State whether the following statements are True or False. (i) 30 clear days' notice should be ... down the notes of the proceedings of the meeting.

Explain the functions of a secretary related to the Annual General Meeting.

Description : Explain the functions of a secretary related to the Annual General Meeting.

Last Answer : Explain the functions of a secretary related to the Annual General Meeting.

State the objectives of the Annual General Meeting.

Description : State the objectives of the Annual General Meeting.

Last Answer : State the objectives of the Annual General Meeting.

List the duties of a Secretary after the Annual General Meeting.

Description : List the duties of a Secretary after the Annual General Meeting.

Last Answer : List the duties of a Secretary after the Annual General Meeting.

Distinguish between the following: Annual General Meeting and Extra-ordinary General Meeting

Description : Distinguish between the following: Annual General Meeting and Extra-ordinary General Meeting

Last Answer : Distinguish between the following: Annual General Meeting and Extra-ordinary General Meeting

When should the first Annual General Meeting be held?

Description : When should the first Annual General Meeting be held?

Last Answer : When should the first Annual General Meeting be held?

When can an Adjourned Annual General meeting be held?

Description : When can an Adjourned Annual General meeting be held?

Last Answer : When can an Adjourned Annual General meeting be held?

i. Only special business is transacted at Annual General Meeting. ii. Annual Report is prepared by members.

Description : i. Only special business is transacted at Annual General Meeting. ii. Annual Report is prepared by members.

Last Answer : State whether the following statements are True or False: i. Only special business is transacted at ... the notes of the proceedings of the meeting.

i. A meeting of shareholders which is held once a year. ii. A meeting of shareholders is held between two annual general meetings.

Description : i. A meeting of shareholders which is held once a year. ii. A meeting of shareholders is held between two annual general meetings.

Last Answer : Write a word or a term or a phrase that can substitute each of the following statement: i ... A meeting of the preference shareholders of a company.

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

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

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

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

First Annual General Meeting of Asian Infrastructure Investment Bank held at A) Dhaka B) Jakarta C) Shanghai D) Beijing E) None of these

Description : First Annual General Meeting of Asian Infrastructure Investment Bank held at A) Dhaka B) Jakarta C) Shanghai D) Beijing E) None of these

Last Answer : D) Beijing Explanation: Finance Minister Arun Jaitley Participated in the First Annual General Meeting of Asian Infrastructure Investment Bank at Beijing to discuss about the investment in Infrastructure and accorded the approval to establish the Regional Office of AIIB in New Delhi.

A Tribunal makes an order under section 230 of the Companies Act, 2013 sanctioning a compromise or an arrangement in respect of a company. In this context, strike the odd one out: a) It will supervise the implementation. b) It can give order for winding up of the company. c) It can modify the order or compromise. d) It can ask for creditors’ responsibility statement.

Description : A Tribunal makes an order under section 230 of the Companies Act, 2013 sanctioning a compromise or an arrangement in respect of a company. In this context, strike the odd one out: a) It will ... . c) It can modify the order or compromise. d) It can ask for creditors' responsibility statement.

Last Answer : d) It can ask for creditors’ responsibility statement.

Where is Davos, the venue of the annual meeting of World Economic Forum, located? -Do You Know?

Description : Where is Davos, the venue of the annual meeting of World Economic Forum, located? -Do You Know?

Last Answer : answer:

Prepare an agenda for a meeting to discuss holding of Annual Day.

Description : Prepare an agenda for a meeting to discuss holding of Annual Day.

Last Answer : Prepare an agenda for a meeting to discuss holding of Annual Day.

In 2010 NCAA mens lacrosse annual meeting a rule change regarding get in keep it in was added to what section?

Description : In 2010 NCAA mens lacrosse annual meeting a rule change regarding get in keep it in was added to what section?

Last Answer : Feel Free to Answer

Unanimous Consent, Directors Annual Meeting?

Description : Unanimous Consent, Directors Annual Meeting?

Last Answer : Unanimous Consent, Directors in place of Annual Meeting(Download)Statement of the unanimous and written consent to action in place of the annual meeting of ... (or, it can be appended as an Exhibit).RESOLVED, that the

Which of the following is not a consideration in the development of audit programs? a. Internal control over the recording of plant asset additions and repairs and maintenance expenditures is found to be weak. b. The members of the board of directors are elected by the stockholders during the annual meeting. c. The client is a private university located in Southern Philippines. d. The client constructed a major addition to its central manufacturing facility during the year under audit

Description : Which of the following is not a consideration in the development of audit programs? a. Internal control over the recording of plant asset additions and repairs and maintenance expenditures is ... client constructed a major addition to its central manufacturing facility during the year under audit

Last Answer : The members of the board of directors are elected by the stockholders during the annual meeting.

To emphasize auditor independence from management, many corporations follow the practice of a. Appointing a partner of the CPA firm conducting the examination to the corporation's audit committee. b. Establishing a policy of discouraging social contact between employees of the corporation and the staff of the independent auditor. c. Requesting that a representative of the independent auditor be on hand at the annual stockholders' meeting. d. Having the independent auditor report to an audit committee of outside members of the board of directors

Description : To emphasize auditor independence from management, many corporations follow the practice of a. Appointing a partner of the CPA firm conducting the examination to the corporation's audit committee. b ... the independent auditor report to an audit committee of outside members of the board of directors

Last Answer : Having the independent auditor report to an audit committee of outside members of the board of directors

Suggest the type of heat exchangers for following applications - (i) Dairy plant (Milk Chilling Plant) (ii) Condenser of refrigeration system. (House hold system) Justify your answers.

Description : Suggest the type of heat exchangers for following applications - (i) Dairy plant (Milk Chilling Plant) (ii) Condenser of refrigeration system. (House hold system) Justify your answers.

Last Answer : Types of Heat Exchanger Used for 1) Dairy Plant (Milk Chilling Plant)- Plate Type Heat Exchanger Because , It is made up of aluminum alloy which provides higher rate of heat ... In tubes generally turbulent flow is develop which reduces scale deposition. Less installation and maintenance cost.

A company makes a single product and incurs fixed costs of Rs. 30,000 per annum. Variable cost per unit is Rs. 5 and each unit sells for Rs. 15. Annual sales demand is 7,000 units. The breakeven point is: (a) 2,000 units (b) 3,000 units (c) 4,000 units (d) 6,000 units

Description : A company makes a single product and incurs fixed costs of Rs. 30,000 per annum. Variable cost per unit is Rs. 5 and each unit sells for Rs. 15. Annual sales demand is 7,000 units. The breakeven point is: (a) 2,000 units (b) 3,000 units (c) 4,000 units (d) 6,000 units

Last Answer : (b) 3,000 units

Which of the following is the best definition of value ? 1. a technical measure of a company's selling price relative to its production costs 2. a measure of the mark-up charged by companies 3. the lowest prices available to consumers 4. the best price available for customer meeting his expectations 5. the ratio of benefits to costs available to buyers

Description : Which of the following is the best definition of value ? 1. a technical measure of a company's selling price relative to its production costs 2. a measure of the mark-up charged by ... price available for customer meeting his expectations 5. the ratio of benefits to costs available to buyers

Last Answer : the ratio of benefits to costs available to buyers

Pick out the wrong statement. (A) Longer tubes are less expensive per unit heat transfer area as compared to shorter tubes (B) A cost index is merely a number for a given year showing the cost at that time relative to a certain base year (C) Turnover ratio of a chemical plant is the ratio of gross annual sales to the fixed capital investment (D) Plates with butt welded joints are less expensive compared to lap welded joints, because squaring of plates is not necessary

Description : Pick out the wrong statement. (A) Longer tubes are less expensive per unit heat transfer area as compared to shorter tubes (B) A cost index is merely a number for a given year ... butt welded joints are less expensive compared to lap welded joints, because squaring of plates is not necessary

Last Answer : (D) Plates with butt welded joints are less expensive compared to lap welded joints, because squaring of plates is not necessary

Every listed company and all other companies having paid-up capital of __________ or more should have a full-time secretary.

Description : Every listed company and all other companies having paid-up capital of __________ or more should have a full-time secretary.

Last Answer : Every listed company and all other companies having paid-up capital of __________ or more should have a full-time ... (b) 2 crore (c) 5 crore

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

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

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

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

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

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

An NBFC-MFI is defined as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of ________ A. Rs.5 crore B. Rs.4 crore C. Rs.3 crore D. Rs.2 crore E. None of the Above

Description : An NBFC-MFI is defined as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of ________ A. Rs.5 crore B. Rs.4 crore C. Rs.3 crore D. Rs.2 crore E. None of the Above

Last Answer : A. Rs.5 crore Explanation: Non Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of Rs.5 crore.

CERSAI was registered as a government-licensed company, under section 25 of _________ A. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. B. Companies Act, 1956 C. Banking Regulation Act, 1949 D. Both (A) and (B) E. None of these

Description : CERSAI was registered as a government-licensed company, under section 25 of _________ A. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. B. Companies Act, 1956 C. Banking Regulation Act, 1949 D. Both (A) and (B) E. None of these

Last Answer : B. Companies Act, 1956 Explanation: Central Registry of Securitisation Asset Reconstruction and Security Interest of India is a company licensed under section 25 of the Companies Act, 1956

NBFC is a company registered under _________. a. The Indian Contract Act b. The Companies Act, 1956 c. The RBI Act

Description : NBFC is a company registered under _________. a. The Indian Contract Act b. The Companies Act, 1956 c. The RBI Act

Last Answer : c. The RBI Act

As per Schedule VI of the Companies’ Act, 1956, Forfeited Share Account will be– (A) Added to paid up capital (B) Deducted from called up capital (C) Added to capital reserve (D) Shown as a revenue reserve

Description : As per Schedule VI of the Companies’ Act, 1956, Forfeited Share Account will be– (A) Added to paid up capital (B) Deducted from called up capital (C) Added to capital reserve (D) Shown as a revenue reserve

Last Answer : Answer: Deducted from called up capital