McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 151. |
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 | |
| 152. |
The resolution passed at AGM are _______ |
| A. | Valid |
| B. | Void |
| C. | Voidable |
| D. | Void abinitio |
| Answer» A. Valid | |
| 153. |
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 | |
| 154. |
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 | |
| 155. |
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 | |
| 156. |
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 | |
| 157. |
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 | |
| 158. |
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 | |
| 159. |
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. | |
| 160. |
_________ 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. | |
| 161. |
________ 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 | |
| 162. |
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 | |
| 163. |
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 | |
| 164. |
________ 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 | |
| 165. |
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 | |
| 166. |
Loose – leaf minutes to be bound into books at regular intervals of _________ months |
| A. | 6 |
| B. | 7 |
| C. | 8 |
| D. | 9 |
| Answer» A. 6 | |
| 167. |
Within ______weeks requisition requiring circulation of a resolution may be deposited with ROC. |
| A. | 3 |
| B. | 6 |
| C. | 9 |
| D. | 12 |
| Answer» A. 3 | |
| 168. |
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 | |
| 169. |
Directors are __________ of the company |
| A. | Employees |
| B. | Employers |
| C. | Both a & b |
| D. | None of the above |
| Answer» D. None of the above | |
| 170. |
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% | |
| 171. |
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 | |
| 172. |
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 | |
| 173. |
A proxy must bear revenue stamp worth. |
| A. | 30 paise |
| B. | 15 paise |
| C. | 45 paise |
| D. | 50 paise |
| Answer» B. 15 paise | |
| 174. |
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 | |
| 175. |
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 | |
| 176. |
An official liquidator is appointed by the _____ |
| A. | Central government |
| B. | By court |
| C. | State government |
| D. | Company |
| Answer» A. Central government | |
| 177. |
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 | |
| 178. |
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 | |
| 179. |
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 | |
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