![Mcqmate logo](https://mcqmate.com/images/logos/logo-black.png)
![Mcqmate logo](https://mcqmate.com/images/logos/logo-white.png)
McqMate
Chapters
1. |
What is the time limit for conducting statutory meeting? |
A. | 1 to 5 months |
B. | 1 to 6 months |
C. | 1 to 9 months |
D. | None of these |
Answer» B. 1 to 6 months |
2. |
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 |
Answer» A. 21 clear days |
3. |
Notice of statutory meeting should be attested by at least. |
A. | 3 directors |
B. | 2 directors |
C. | 3 directors |
D. | None of these |
Answer» B. 2 directors |
4. |
The time gap between two AGM’s shall not exceed. |
A. | 15 months |
B. | 18 months |
C. | 16 months |
D. | None of these |
Answer» A. 15 months |
5. |
First AGM must be held within __________ from the incorporation of the company |
A. | 15 months |
B. | 18 months |
C. | 12 months |
D. | None of these |
Answer» B. 18 months |
6. |
Every AGM must be held with ___________ from the date of the Balance Sheet. |
A. | 4 months |
B. | 6 months |
C. | 9 months |
D. | None of these |
Answer» C. 9 months |
7. |
First AGM must be held within ____________ from the date of the balance sheet |
A. | 6months |
B. | 9months |
C. | 5months |
D. | None of these |
Answer» B. 9months |
8. |
AGM should be held at |
A. | Company |
B. | Registered office |
C. | Corporate office |
D. | None of these |
Answer» B. Registered office |
9. |
Failure to convene AGM u/s 166 penalty will be |
A. | 50,000+250 per every day |
B. | 75,000+250 per every day |
C. | 1,00,000+250 per every day |
D. | 25,000+250 per every day |
Answer» A. 50,000+250 per every day |
10. |
In case of Public Company the quorum should be |
A. | 5 members |
B. | 7 members |
C. | 2 members |
D. | None of these |
Answer» A. 5 members |
11. |
In case of private company the quorum should be |
A. | 2 members |
B. | 3 members |
C. | 4 members |
D. | None of these |
Answer» A. 2 members |
12. |
_______ meeting given an opportunity to the member to know discuss on promotion & formation of the company. |
A. | General |
B. | EGM |
C. | Statutory |
D. | None of the above |
Answer» C. Statutory |
13. |
_________ report is send by the directors to its members. |
A. | Statutory |
B. | Audit |
C. | Annual |
D. | None of the above |
Answer» C. Annual |
14. |
In the given below who are not required to hold Statutory General Meeting |
A. | Private company |
B. | Government Company |
C. | Public company |
D. | Both (a) & (b) |
Answer» D. Both (a) & (b) |
15. |
In case of Statutory General Meeting receipts & payments are prepared up to _______ days before the date of report |
A. | 3 |
B. | 5 |
C. | 7 |
D. | 9 |
Answer» C. 7 |
16. |
Who should certify that company allotted the shares and cash received in respect there of ______ |
A. | Auditor |
B. | Director |
C. | Share holder |
D. | Members |
Answer» A. Auditor |
17. |
In the given below who are required to hold A.G.M _______ |
A. | Public company |
B. | Private company |
C. | Government company |
D. | All the three |
Answer» A. Public company |
18. |
The time period for conduction of AGM is extended by ROC for how many months |
A. | 1 |
B. | 2 |
C. | 3 |
D. | 4 |
Answer» C. 3 |
19. |
_________ opined that ROC could grant extension only when application for extension is made before the expiry of period u/s 166 (1) |
A. | DCA |
B. | NCLT |
C. | Govt |
D. | Both (b) & (c) |
Answer» A. DCA |
20. |
Which of the following company can held the AGM on public holiday__________ |
A. | Public company |
B. | Private company |
C. | Govt. company |
D. | Association not for profits |
Answer» D. Association not for profits |
21. |
_______ may grant exemption to any class of companies with regard to the time & place of AGM. |
A. | C.G |
B. | ROC |
C. | NCLT |
D. | D.C.A |
Answer» A. C.G |
22. |
In case of failure to convene the AGM fine is upto Rs._________ |
A. | 25,000 |
B. | 50,000 |
C. | 75,000 |
D. | 80,000 |
Answer» B. 50,000 |
23. |
In case of continuing default to convene the AGM fine is Rs. _______ for every day. |
A. | 250 |
B. | 300 |
C. | 350 |
D. | 400 |
Answer» A. 250 |
24. |
The resolution passed at AGM are _______ |
A. | Valid |
B. | Void |
C. | Voidable |
D. | Void abinitio |
Answer» A. Valid |
25. |
Every business transacted at an EGM is a _________ business |
A. | Ordinary |
B. | Special |
C. | Both (a) & (b) |
D. | None of the above |
Answer» B. Special |
26. |
Majority rule is not applicable when |
A. | The act done is illegal |
B. | The act done is ultra vires the company. |
C. | The act done constitutes a fraud |
D. | all the above |
Answer» D. all the above |
27. |
A cost auditor makes his report to: |
A. | Members of company |
B. | Directors of company |
C. | Registrar |
D. | C. G. |
Answer» B. Directors of company |
28. |
A company not declare dividend at. |
A. | Statutory meeting |
B. | Annual general meeting |
C. | Extra ordinary G.M |
D. | None of the above |
Answer» A. Statutory meeting |
29. |
If as a person is present in more than 1 capacity his presence will be counted as _____ |
A. | 1 |
B. | 2 |
C. | 3 |
D. | 4 |
Answer» B. 2 |
30. |
In the absence of a quorum the proceedings of the meeting will be _________ |
A. | Valid |
B. | Void |
C. | Voidable |
D. | None of the above |
Answer» B. Void |
31. |
If quorum is not present with in _________ time the meeting is stand dissolved. |
A. | ½ Hr. |
B. | 1 Hr. |
C. | 1 ½ Hr |
D. | 2 Hr. |
Answer» A. ½ Hr. |
32. |
_________ Order to call a EGM even though 1 member present in person or by proxy. |
A. | ROC |
B. | C.G. |
C. | NCLT |
D. | D.C.A |
Answer» B. C.G. |
33. |
________ can vote at the meeting even though not a member. |
A. | Body corporate |
B. | President |
C. | Governor |
D. | All the above |
Answer» D. All the above |
34. |
Voting right can’t be exercised in case of _________ |
A. | Calls in advance |
B. | Calls in arrears |
C. | Both a & b |
D. | None of the above |
Answer» B. Calls in arrears |
35. |
Proxy need not be a ____ of the company |
A. | Shareholders |
B. | Members |
C. | Both a and b |
D. | None of the above |
Answer» C. Both a and b |
36. |
________ is the official recording of the proceedings of a meeting |
A. | Quorum |
B. | Minutes |
C. | Both a & b |
D. | None of the above |
Answer» B. Minutes |
37. |
Minutes should be recorded within _________ days from the date of conclusion of every meeting |
A. | 10 |
B. | 20 |
C. | 30 |
D. | 40 |
Answer» C. 30 |
38. |
Loose – leaf minutes to be bound into books at regular intervals of _________ months |
A. | 6 |
B. | 7 |
C. | 8 |
D. | 9 |
Answer» A. 6 |
39. |
Within ______weeks requisition requiring circulation of a resolution may be deposited with ROC. |
A. | 3 |
B. | 6 |
C. | 9 |
D. | 12 |
Answer» A. 3 |
40. |
Qualification shares for a director are provided in the ________ |
A. | Company Act |
B. | MOA |
C. | AOA |
D. | Contract b/w Company & Directors |
Answer» A. Company Act |
41. |
Directors are __________ of the company |
A. | Employees |
B. | Employers |
C. | Both a & b |
D. | None of the above |
Answer» D. None of the above |
42. |
A special resolution is passed with |
A. | Simple majority |
B. | 60% majority of members present |
C. | 75% |
D. | None of the above |
Answer» C. 75% |
43. |
Which of the following meeting can be held more than once in a calendar year? |
A. | E.G.M |
B. | S.G.M |
C. | A.G.M |
D. | None of the above |
Answer» A. E.G.M |
44. |
In which one or more of the following company a member does not have a right to appoint proxy: |
A. | Public company having share capital |
B. | Public company not having share capital |
C. | Private company not having a share capital |
D. | None of the above |
Answer» B. Public company not having share capital |
45. |
A proxy must bear revenue stamp worth. |
A. | 30 paise |
B. | 15 paise |
C. | 45 paise |
D. | 50 paise |
Answer» B. 15 paise |
46. |
In which one of the following cases an ordinary resolution may be passed _________ |
A. | Commencement of a new business |
B. | alteration of articles |
C. | Compulsory winding up of the company |
D. | none of the above |
Answer» C. Compulsory winding up of the company |
47. |
Notice of Adjourn meeting is not required of a meeting is |
A. | Adjourn for want of quorum |
B. | Adjourn sine die |
C. | Adjourn for more than 30 days |
D. | None |
Answer» A. Adjourn for want of quorum |
48. |
An official liquidator is appointed by the _____ |
A. | Central government |
B. | By court |
C. | State government |
D. | Company |
Answer» A. Central government |
49. |
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 |
Answer» C. List A and List B |
50. |
Official liquidators are appointed from the panel of _______ |
A. | Professional firm of Chartered Accountant |
B. | Advocate |
C. | Company Secretaries |
D. | All of the above |
Answer» D. All of the above |
51. |
As per Sec. 439 who can file a petition to the Tribunal for winding up? _____ |
A. | The Registrar |
B. | Company |
C. | Contributory |
D. | Any one of these |
Answer» D. Any one of these |
Done Reading?