Explain the following terms/concept : Statutory company

Explain the following terms/concept : Statutory company
by

1 Answer

Answer :

Explain the following terms/concept : Statutory company
by
selected by

Related questions

Explain the following terms/concept : Subsidiary company

Description : Explain the following terms/concept : Subsidiary company

Last Answer : Explain the following terms/concept : Subsidiary company

Explain the following terms/concept : Unlimited Liability company

Description : Explain the following terms/concept : Unlimited Liability company

Last Answer : Explain the following terms/concept : Unlimited Liability company

Explain the following terms/concept : Company Limited by shares

Description : Explain the following terms/concept : Company Limited by shares

Last Answer : Explain the following terms/concept : Company Limited by shares

Explain the following terms/concept : Public company

Description : Explain the following terms/concept : Public company

Last Answer : Explain the following terms/concept : Public company

Explain the following terms/concept : Small company

Description : Explain the following terms/concept : Small company

Last Answer : Explain the following terms/concept : Small company

Liability of a Company Secretary is– (A) Contractual only (B) Statutory only (C) Civil only (D) Both contractual and statutory

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

Reserve Bank of India is a– (A) Government Company (B) Departmental Organisation (C) Statutory Corporation (D) None of the above

Description : Reserve Bank of India is a– (A) Government Company (B) Departmental Organisation (C) Statutory Corporation (D) None of the above

Last Answer : Answer: Government Company

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

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

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

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

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 the following ? (A) The date of incorporation (B) The date at which the company is entitled to commence business (C) The date of actual receipt of certificate of incorporation (D) The date of actual commencement of business

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

Which one of the following statements is correct ? (A) Internal audit and Management audit are the same (B) Internal audit and statutory audit are the same (C) Internal audit is compulsory in all cases (D) Statutory audit of company accounts is compulsory

Description : Which one of the following statements is correct ? (A) Internal audit and Management audit are the same (B) Internal audit and statutory audit are the same (C) Internal audit is compulsory in all cases (D) Statutory audit of company accounts is compulsory

Last Answer : Answer: Statutory audit of company accounts is compulsory

Statutory cost audit are applicable only to: (a) Firm (b) Company

Description : Statutory cost audit are applicable only to: (a) Firm (b) Company

Last Answer : (b) Company

Amalgamate adjustment account is opened in the books of transferee company to incorporate: A. The assets of the transferor company B. The liabilities of the transferor company C. The statutory reserves of the transferor company D. The non – statutory reserves of the transferor company

Description : Amalgamate adjustment account is opened in the books of transferee company to incorporate: A. The assets of the transferor company B. The liabilities of the transferor company C. The statutory reserves of the transferor company D. The non – statutory reserves of the transferor company

Last Answer : C. The statutory reserves of the transferor company

A public corporation means _____. A. public company. B. government company. C. statutory corporation. D. department of union government

Description : A public corporation means _____. A. public company. B. government company. C. statutory corporation. D. department of union government

Last Answer : C. statutory corporation.

Reserve bank of India is a/an _______. A. statutory corporation. B. company limited by guarantee. C. company limited by shares. D. unlimited company.

Description : Reserve bank of India is a/an _______. A. statutory corporation. B. company limited by guarantee. C. company limited by shares. D. unlimited company.

Last Answer : A. statutory corporation.

Explain the following Terms/Concept : Covenants of the Article

Description : Explain the following Terms/Concept : Covenants of the Article

Last Answer : Explain the following Terms/Concept : Covenants of the Article

Explain the following Terms/Concept : Bonus Issue

Description : Explain the following Terms/Concept : Bonus Issue

Last Answer : Explain the following Terms/Concept : Bonus Issue

Explain the following Terms/Concept : Right Issue

Description : Explain the following Terms/Concept : Right Issue

Last Answer : Explain the following Terms/Concept : Right Issue

Explain the following Terms/Concept : Dividend

Description : Explain the following Terms/Concept : Dividend

Last Answer : Explain the following Terms/Concept : Dividend

Explain the following Terms/Concept : Class Action Suit

Description : Explain the following Terms/Concept : Class Action Suit

Last Answer : Explain the following Terms/Concept : Class Action Suit

Explain the following terms/concept : Prospectus

Description : Explain the following terms/concept : Prospectus

Last Answer : Explain the following terms/concept : Prospectus

Explain the following terms/concept : Fiduciary duty

Description : Explain the following terms/concept : Fiduciary duty

Last Answer : Explain the following terms/concept : Fiduciary duty

Explain the following terms/concept : ROC

Description : Explain the following terms/concept : ROC

Last Answer : Explain the following terms/concept : ROC

Explain the following terms/concept : TAN

Description : Explain the following terms/concept : TAN

Last Answer : Explain the following terms/concept : TAN

Explain the concept of following terms : (i) Connected load (ii) Maximum demand

Last Answer : 1. Connected Load: It is the sum of load of all equipment's connected to supply system which are in use or not in use of each consumer. OR   The sum of connected load of all consumers ... is the maximum load which a consumer uses at a particular time period out of his total connected load. 

What are my statutory rights on this? (Freeview Recorder Purchase)

Description : What are my statutory rights on this? (Freeview Recorder Purchase)

Last Answer : I am not a lawyer, but I don't think there is much you can do. You should have taken it back within the 28 day return period. You can take it back and try to get a refund ... subzero Antarctica or the Sahara Desert), the weather probably has absolutely no effect on the functionality of the device.

How does census of India differentiate between statutory towns and census towns ? -Geography

Description : How does census of India differentiate between statutory towns and census towns ? -Geography

Last Answer : In census of India 2001, two types of towns were identified: (i) Statutory Towns: All places with a municipality, corporation. Cantonment board or notified town area committee, etc. so declared by a ... non-agricultural pursuits; and A density of population of at least 400 persons per sq km.

statutory law is to legislative bodies as common law is to -General Knowledge

Description : statutory law is to legislative bodies as common law is to -General Knowledge

Last Answer : Courts is the answer.

What is the difference between a statutory warranty deed and special warranty deed?

Description : What is the difference between a statutory warranty deed and special warranty deed?

Last Answer : What is the answer ?

If a person has a statutory duty and as a result of their actions it causes someone to suffer damage it is?

Description : If a person has a statutory duty and as a result of their actions it causes someone to suffer damage it is?

Last Answer : What is the answer ?

Internal Auditor is appointed by the– (A) Management (B) Shareholders (C) Government (D) Statutory Auditor

Description : Internal Auditor is appointed by the– (A) Management (B) Shareholders (C) Government (D) Statutory Auditor

Last Answer : Answer: Management

Vote-on-account means – (1) Statutory acceptance of planning bill (2) Statutory acceptance of money bill (3) Statutory acceptance of report of account checking and documents produced by CAG (4) Statutory acceptance of expenditure related to demands of grants till the passage of planning bill

Description : Vote-on-account means – (1) Statutory acceptance of planning bill (2) Statutory acceptance of money bill (3) Statutory acceptance of report of account checking and documents produced by CAG (4) Statutory acceptance of expenditure related to demands of grants till the passage of planning bill

Last Answer : (4) Statutory acceptance of expenditure related to demands of grants till the passage of planning bill Explanation: When the government needs to withdraw any money from the Consolidated Fund of India to ... Fund of India to meet the government's expenses is generally known as a vote-on-account.

In the new Panchayati Raj Bill enacted in 1993, there are several fresh provisions deviating from the past. Which one of the following is not one such provisions? (1) A number of added responsibilities in the area of agriculture rural development, primary education and social forestry among other (2) Elections being made mandatory for all posts at the time they are due (3) A statutory representation for women in the panchayats, up to a third of the strength (4) Regular remuneration to the panchayat members, so as to ensure their punctuality and accountability

Description : In the new Panchayati Raj Bill enacted in 1993, there are several fresh provisions deviating from the past. Which one of the following is not one such provisions? (1) A number of ... strength (4) Regular remuneration to the panchayat members, so as to ensure their punctuality and accountability

Last Answer : (4) Regular remuneration to the panchayat members, so as to ensure their punctuality and accountability Explanation: Provision given in option (4) is not included under 73rd amendment act 1993.

With reference to Lok Adalats, which one among the following statements is correct? (1) Lok Adalats have the jurisdiction to settle the matters at pre-litigative state and not those matters pending before any court (2) Lok Adalats can deal with matters which are civil and not criminal in nature (3) Lok Adalats has not been given any statutory status so far (4) No appeal lies in a civil court against the order of the Lok Adalat

Description : With reference to Lok Adalats, which one among the following statements is correct? (1) Lok Adalats have the jurisdiction to settle the matters at pre-litigative state and not those matters pending before any court ... so far (4) No appeal lies in a civil court against the order of the Lok Adalat

Last Answer : (4) No appeal lies in a civil court against the order of the Lok Adalat Explanation: Award has the same effect as of a Civil Court decree. The Supreme Court has held that award of the Lok ... passed by itself. It was the legal services authority act 1987, which gave statutory status to Lok Adalat.

Which of the follwoing is an extraconstitutional and non-statutory body? (1) Finance Commission (2) Planning Commission (3) Union Public Service Commission (4) Election Commission

Description : Which of the follwoing is an extraconstitutional and non-statutory body? (1) Finance Commission (2) Planning Commission (3) Union Public Service Commission (4) Election Commission

Last Answer : (2) Planning Commission Explanation: The Planning Commission does not derive its creation from either the Constitution ot statute, but is an arm of the Central/Union Government.

Resources transferred from the Government of India to States are termed `statutory' if they are made (1) in the form of loans (2) on the recommendations of the Planning Commission (3) on the recommendations of the Finance Commission (4) in the form of grants

Description : Resources transferred from the Government of India to States are termed `statutory' if they are made (1) in the form of loans (2) on the recommendations of the Planning Commission (3) on the recommendations of the Finance Commission (4) in the form of grants

Last Answer : (3) on the recommendations of the Finance Commission Explanation: in an explicit recognition of vertical and horizontal imbalances, the Indian Constitution embodies enabling and mandatory provisions to ... have to bring about uniform income and services and economic integration among the states.

NITI Aayog is a - (1) Statutory Body (2) Think Tank (3) NGO (4) Constitutional Body

Description : NITI Aayog is a - (1) Statutory Body (2) Think Tank (3) NGO (4) Constitutional Body

Last Answer : (4) Constitutional Body Explanation: The NITI Aayog is neither mentioned in the constitution nor has been established by an act of parliament; it is, therefore, neither a constitutional body nor a ... through a cabinet resolution on January 1, 2015. So it is an advisory and nonstatutory body.

A proceeding under Article 226 in case of detention of a person is a – (1) Civil proceeding (2) Criminal proceeding (3) Judicial proceeding (4) Statutory proceeding

Description : A proceeding under Article 226 in case of detention of a person is a – (1) Civil proceeding (2) Criminal proceeding (3) Judicial proceeding (4) Statutory proceeding

Last Answer : (2) Criminal proceeding Explanation: Under the writ of Habeas Corpus, the Court intervenes and asks the authority to provide the reasons for such detention. All proceedings under Article 226 are ... asks for any other writ than the Habeas Corpus, the proceedings are necessarily civil proceedings.

A high Statutory Liquidity Ratio (SLR) (1) restricts lending (2) increases supply of cash (3) provides funds to the state (4) increases the strength of the banks

Description : A high Statutory Liquidity Ratio (SLR) (1) restricts lending (2) increases supply of cash (3) provides funds to the state (4) increases the strength of the banks

Last Answer : (1) restricts lending Explanation: Statutory Liquidity Ratio refers to the amount that the commercial banks require to maintain in the form gold or government approved securities before providing credit to ... , suck liquidity in the market, to tighten the measure to safeguard the customers' money.

The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called - (1) Cash reserves (2) Deposit reserves (3) Excess reserves (4) Momentary reserves

Description : The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called - (1) Cash reserves (2) Deposit reserves (3) Excess reserves (4) Momentary reserves

Last Answer : (3) Excess reserves Explanation: In banking, excess reserves are bank reserves in excess of the reserve requirement set by a central bank. They are reserves of cash more than the required ... is that doing so may provide enhanced liquidity and therefore more smooth operation of payment system.

The ratio of a bank's cash holdings to its total deposit liabilities is called the - (1) Variable Reserve Ratio (2) Cash Reserve Ratio (3) Statutory Liquidity Ratio (4) Minimum Reserve Ratio

Description : The ratio of a bank's cash holdings to its total deposit liabilities is called the - (1) Variable Reserve Ratio (2) Cash Reserve Ratio (3) Statutory Liquidity Ratio (4) Minimum Reserve Ratio

Last Answer : (2) Cash Reserve Ratio Explanation: Cash Reserve Ratio (CRR) is the amount of funds that the banks have to keep with the RBI. If the central bank decides to increase the CRR, the avail-able amount with the banks comes down. The RBI uses the CRR to drain out excessive money from the system.

What is Damodar Valley Corporation? (1) Statutory body (2) Municipal Corporation looking after Damodar Valley (3) A private enterprise located in Bihar (4) A non government organisation

Description : What is Damodar Valley Corporation? (1) Statutory body (2) Municipal Corporation looking after Damodar Valley (3) A private enterprise located in Bihar (4) A non government organisation

Last Answer : (1) Statutory body Explanation: Damodar Valley Corporation (DVC), having its headquarters at Kolkata, is a statutory body created under the Damodar Valley Corporation Act, 1948. It operates ... operates both thermal power stations and hydel power stations under the Union Ministry of Power.

In SNRR Account, SNRR stands for _________ A. Statutory Non Resident Rupee B. Single Non Resident Rupee C. Statutory Non Reflex Rupee D. Single Non Resident Rupee E. Special Non Resident Rupee

Description : In SNRR Account, SNRR stands for _________ A. Statutory Non Resident Rupee B. Single Non Resident Rupee C. Statutory Non Reflex Rupee D. Single Non Resident Rupee E. Special Non Resident Rupee

Last Answer : E. Special Non Resident Rupee Explanation: Any person resident outside India, having a business interest in India, can open a Special Non-Resident Rupee Account (SNRR account) with an authorised dealer for the purpose of putting through bonafide transactions in rupees.

Securities Appellate Tribunal is a/an __________ established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992 A. Constitutional body B. Advisory body C. non-statutory body D. Statutory body E. None of the Above

Description : Securities Appellate Tribunal is a/an __________ established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992 A. Constitutional body B. Advisory body C. non-statutory body D. Statutory body E. None of the Above

Last Answer : D. Statutory body Explanation: Securities Appellate Tribunal is a statutory body established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992 to hear and dispose of appeals against orders passed by the Securities and Exchange Board of India.

SEBI is a/an ________ A. Constitutional body B. Advisory body C. non-statutory body D. Statutory body E. None of the Above

Description : SEBI is a/an ________ A. Constitutional body B. Advisory body C. non-statutory body D. Statutory body E. None of the Above

Last Answer : D. Statutory body Explanation: Initially SEBI was a non statutory body without any statutory power. However, in 1995, the SEBI was given additional statutory power by the Government of India through an amendment to the Securities and Exchange Board of India Act, 1992.

Which is an extra Constitutional and non-statutory body?

Description : Which is an extra Constitutional and non-statutory body?

Last Answer : Planning Commission

Which is an extra Constitutional and non-statutory body?

Description : Which is an extra Constitutional and non-statutory body?

Last Answer : Planning Commission

What should the statutory provision of earthing?

Description : What should the statutory provision of earthing?  

Last Answer : a. Earthing shall generally be carried out in accordance with the requirement of India electricity rule 1956, as amended from time to time and the relevant regulations of the electricity supply ... , etc. used in earthing shall conform to Indian standard specifications, wherever these exist.