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?