Complete Online Test Preparation Portal for all Account Compliances
O MISCELLANEOUS
MISCELLANEOUS
1 / 726
Which of the following is the effective date of the merger and amalgamation?
2 / 726
In cases where proper accounts have not been kept, then every defaulting officer shall be liable with a fine of minimum Rs.________ and maximum of Rs.__________
3 / 726
The term property means:
4 / 726
Which of the following is not a preferential creditor?
5 / 726
Who has not been convicted by any competent court for an offence punishable with imprisonment for a term ______ or for an offence involving moral turpitude, he is eligible to act as a valuer?
6 / 726
Where a meeting is proposed to be called in pursuance of an order of the Tribunal, a notice of such meeting shall be sent to Sectoral Regulators and _________
7 / 726
8 / 726
The securities premium account may be applied for which of the following:
9 / 726
For issuing employees stock option ________ is required to be passed by company.
10 / 726
ABC Ltd. Received Rs.5 crores by the way of Commercial Paper, which of the contention is correct?
11 / 726
Which of the following categories is not mandated to file financial statement in XBRL mode:
12 / 726
Secretarial Standard does not apply to -
13 / 726
The gap between two annual general meeting shall not exceed
14 / 726
The facility for e-voting shall remain open for _______ and shall close at 5.00 p.m. on the date preceding the date of the general meeting.
15 / 726
Omnibus approval by Audit Committee shall be valid for a period not exceeding:
16 / 726
Which is not a function of CSR Committee amongst the following mentioned objects?
17 / 726
Which of the followings is incorrect statement?
18 / 726
Where some amount relating to declared dividend remains unpaid, it shall be transferred to special account named as Unpaid Dividend account within days from the date of expiry of thirty days from declaration of dividend.
19 / 726
Mr. Bajaj is convicted for an offence dealing with related party transactions under section 188 two years back. What will be the consequence of the same?
20 / 726
Appropriation account is also called -
21 / 726
Which of the following statement about securities premium is false?
22 / 726
The securities premium account may not be applied for which of the following:
23 / 726
What is the period for which books of accounts must be retained by the company?
24 / 726
Class of meeting is a meeting of :
25 / 726
The minimum number of members necessary for a meeting is called as:
26 / 726
The company needs to obtain prior permission from central Government when it changes the address of its registered office from __________
27 / 726
Private company prohibits any invitation or acceptance of deposits from persons other than its __________
28 / 726
‘Men may come and men may go but the company exist’, this explains which characteristics of the company as per Companies Act, 1958?
29 / 726
When is a company said to have been registered?
30 / 726
An act is said to be ultra vires a company when it is beyond the powers ___________.
31 / 726
A company is a juristic person with a perpetual succession _____________
32 / 726
The most important document of a company is its__________.
33 / 726
What is known as a charter of a Company?
34 / 726
Property of the company belongs to
35 / 726
The Registered office clause of Memorandum of Association contains
36 / 726
Private company can start its business immediately after the issue of _________.
37 / 726
Minimum number of members in case of a public company is ____
38 / 726
The responsibility of the lead manager(s) shall
39 / 726
Regulatory sandbox, means a _______ where new products, processes, services, business mobiles, etc, may be deployed on a limited set of eligible customers for a specified period of time, for furthering innovation in the securities market, subject to such conditions as may be specified by the Board
40 / 726
The investor Protection and Education Fund has been established by
41 / 726
Any scheme or arrangement made or offered by any person under which the contributions or payments are made to such scheme or arrangement by the investors with a view to receive profits, income, produce or property, whether movable or immovable, from such scheme or arrangement is termed as
42 / 726
Goods means every kind of movable property other than
43 / 726
Ready delivery contract means a contract which provides for the delivery of goods and the payment of a price therefor either immediately, or within such period not exceeding _______ after the date of the contract
44 / 726
Every beneficial owner shall give intimation of pledge or hypothecation to
45 / 726
The depository as a registered owner shall ______ in respect of securities held by it
46 / 726
All securities held by a depository shall be dematerialised and shall be in
47 / 726
Any person aggrieved by any decision or order of the Securities Appellate Tribunal may file an appeal to the Supreme Court _______ from the date of communication of the decision or order of the Securities Appellate Tribunal to him on any question of law arising out of such order
48 / 726
The bankers Books Evidence Act, 1891 ______ in relation to a depository
49 / 726
No depository shall act as a depository unless it obtains a _____ of business from the SEBI
50 / 726
Every issuer shall, ______ of the receipt of intimation from the depository, issue the certificate of securities to the beneficial owner or the transferee, as the case may be
51 / 726
Depository means a company formed and registered under the Companies Act, 1956, and which has been granted a certificate of registration
52 / 726
Who may create a pledge or hypothecation in respect of a security owned by him
53 / 726
Where a depository fails to conduct its business with its participants in accordance with the rules, regulations made by the SEBI under the Depositories Act, it shall be liable to penalty which shall _____ but which may extend to twenty-five crore rupees or three times the amount of gains made out of such failure, whichever is higher
54 / 726
Any person, who is required under the Depositories Act, 1996 to furnish any information to the SEBI, fails to furnish the same within the time specified therefor, he shall be liable to a penalty which shall not be less than one lakh rupees but which may extend to ______ during which such failure continues subject to a maximum of one crore rupees for each such failure
55 / 726
DIN stands for
56 / 726
The maximum of sitting fee per meeting is
57 / 726
Full form of PM CARES Fund is
58 / 726
Every person on appointment as a key managerial personnel shall disclose his holding of securities of the company as on the date of appointment to the company _____ of such appointment
59 / 726
The draft offer document filed by a company with SEBI shall be made public for comments, if any, for a period of 21 days from the date of filling, by hosting it
60 / 726
Proposal for declaration of dividend to be discussed in the board meeting shall be given to stoke exchange ____ in advance, excluding the date of intimation and date of meeting
61 / 726
Whether contribution to PM CARES Fund amounts to CSR activity
62 / 726
Related-party transactions should be approved and conducted in a manner that ensures proper management of conflict of interest and protects the interest of
63 / 726
CII stands for
64 / 726
Corporate governance requirements with respect to subsidiary of listed entity can be ensure by:
1. The Audit Committee of the listed entity shall also review the financial statement of unlisted subsidiary
2.The minutes of the meetings of the board of Directors of unlisted subsidiary shall be placed at the meeting of the Board of Directors of the listed entity
3.The management of the unlisted subsidiary shall periodically bring to the notice of Board of Directors of the listed entity, as statement of all significant transactions and arrangements entered into by the unlisted subsidiary
65 / 726
Cross-border co-operation should be ____ arrangement for exchange of information
66 / 726
Sarbanes Oxley Act, 2002 was enacted in
67 / 726
Corporate Governance means, the application of best management practices, compliance of law in true letter and spirit and adherence to ethical standards for effective management and distribution of wealth and discharge of social responsibility, for sustainable development of
68 / 726
Full form of OCED is
69 / 726
A set of certain consistent actions that form an unintended pattern that was not initially anticipated or intended in the initial planning phase, is called as
70 / 726
BHAG stands for
71 / 726
The AGM should be held in each ____ within six months of the close of the ____, with an interval of not more than fifteen months between two successive Annual General Meetings
72 / 726
Items of business other than Ordinary Business may be considered
73 / 726
Every company shall hold its first Annual General Meeting ______ from the date of closing of the first financial year of the company
74 / 726
An Annual general Meeting and a Meeting called by the requisitionists shall be called during business hours, i.e. between 9 a.m. and 6 p.m. on a day that is
75 / 726
In the general Meeting, which of following the item may be taken up for consideration
76 / 726
Where the company has received intimation of death of a Member, the Notice of Meeting shall be sent to
77 / 726
E-voting facility is not available to the members of
78 / 726
Annual General Meetings shall be held at
79 / 726
Can a Proxy be revoked
80 / 726
The number of members in a private company are 200 only. What shall be the quorum for General Meeting
81 / 726
The facility for remote e-voting shall remain open for
82 / 726
In case the Member is a company or body corporate which is being wound up. Notice for general Meeting shall be sent to
83 / 726
The Annual General Meeting is convened by company to
84 / 726
In the General Meeting with respect to items of _____ each such item shall be in the form of a Resolution and shall be accompanied by an explanatory statement which shall set out all such facts as would enable a Member to understand the meaning, scope and implications of the item of business and to take a decision thereon
85 / 726
Proxy holder can
86 / 726
The numbers of member in a public company are 10000 only. What shall be the quorum for general Meeting
87 / 726
The scrutiniser(s) shall submit his report within ______ from the last date of the poll to the Chairman
88 / 726
In the general Meeting, with respect to items of ______, Resolution are not required to be stated in the Notice
89 / 726
In the case of a Nidhi Company, the Notice of general Meeting may be served individually only on Members who hold shares of more than one thousand rupees in ______ or more than one percent of the total paid-up share capital of the company whichever is less
90 / 726
What items of business can be undertaken in the General meeting
91 / 726
For the purpose of determining the quorum present in the General Meeting of any company, the Proxies shall be
92 / 726
Who among the following can be a Scrutinizer?
93 / 726
Where the shares are held jointly by two or more persons, to whom the Notice of general meeting shall be given?
94 / 726
A duly convened meeting may be adjourned by
95 / 726
Who shall be the Chairman in the General meeting
96 / 726
Which among the following is considered as “Ordinary Business” to be transacted at an Annual General meeting
97 / 726
Proxies shall be deposited with the company ____ before the commencement of the meeting
98 / 726
Every company shall, in each ____, hold a General Meeting called the Annual General Meeting
99 / 726
The Notice to the member may be given at shorter period time if consent in writing is given thereto, by ____ of the member entitled to vote
100 / 726
Minutes of a general Meeting shall be signed and dated by
101 / 726
In a public company named A Ltd, there are 900 members in total. In the General meeting of the Company 5 members were personally present, but out of the 5 members, one person was present in the representative capacity of B Ltd. Whether quorum in the general meeting is present
102 / 726
The Notice for General Meeting shall be given ____ in advance of the meeting
103 / 726
A General Meeting shall be convened by or on the authority of
104 / 726
An Annual General Meeting and a meeting called by the requisitionists shall be called during
105 / 726
The numbers of member in a public company are 4800 only. What shall be the quorum for general Meeting
106 / 726
Who cannot be appointed for scrutinising the e-voting
107 / 726
To whom the notice of general Meeting shall not be given by the company
108 / 726
Minutes Books shall be kept in the custody of
109 / 726
The numbers of member in a public company are 800 only. What shall be the quorum for general Meeting
110 / 726
A Meeting convened upon due Notice
111 / 726
Proxy shall be treated as invalid
112 / 726
The AGM should be held in each Calendar Year within _____ of the close of the financial year, with an interval of not more than ____ between two successive Annual General Meetings
113 / 726
In General Meeting of a private company, a member who is a related party
114 / 726
The Secretarial Standard-2 (SS-2) issued by the Institute of Company Secretaries of India contain the matter relating to
115 / 726
Where the company has received intimation of death of a member and so nomination had been made, to whom the Notice of General Meeting shall be sent
116 / 726
In the general Meeting of a Company, a Member who is not entitled to vote on any particular item of business being a related party, if present
117 / 726
Every company except a company having less than or equal to _____ shall transact items of business only by means of postal ballot instead of transacting such business at General Meeting
118 / 726
The General Meeting (other than the Annual General Meeting) shall be held at
119 / 726
Which item of the business shall be passed only by postal ballot:
All of the above
120 / 726
Minutes of all Meetings shall be preserved
121 / 726
“Unpublished Price Sensitive Information” means any information, relating to a company or its securities, directly or indirectly, that is ______, which upon becoming generally available, is likely to materially affect the price of the securities
122 / 726
The Quorum for a Meeting of the Board shall be
123 / 726
Supplementary Agenda Papers may be circulated at or prior to the meeting after obtaining permission of
124 / 726
Notice of an adjourned Meeting shall be given to
125 / 726
The Committees of the Board shall meet
126 / 726
The Chairman of Audit Committee of Board signed the minutes of the meeting held on 05.01.2022. Subsequently, he wants to make some changes in it. What shall he your answer
127 / 726
Proof of sending Notice and its delivery shall be maintained by the company for such period as decide by the Board, which shall not be less than _____ from the date of the Meeting
128 / 726
In case of an equality of votes, in any meeting of the Board or committee the Chairman
129 / 726
A ____ holds one meeting of the Board in each half of a Calendar Year and the gap between the two Meetings of the Board is not less than 90 days
130 / 726
The Notice for Board Meeting shall NOT contain the
131 / 726
Which agenda items cannot be disclosed by attending video conferencing
132 / 726
Each agenda items which require approval of the board, shall be supported by a Board Note containing
133 / 726
The Minutes Books shall be in the custody of
134 / 726
The minutes shall contain
135 / 726
The originally conveyed meeting adjourned for want of quorum and at the adjourned Meeting also, there is no quorum, then the Meeting shall
136 / 726
The purpose behind the convening of meeting of the Independent Director is
137 / 726
Any item not included in the Agenda may be taken up for consideration
138 / 726
Quorum for any Board/Committee meeting shall be
139 / 726
The date of entry of the Minutes in Minutes Book shall be recorded by
140 / 726
Ashok joined as director in a company with effect from 05.01.2021. He asks to provide the minutes of the Board Meetings held during the Financial Year 2018-19. What shall be your answer
141 / 726
Within ______ from the date of the conclusion of the Meeting of the Board or the Committee, the draft Minutes thereof shall be circulated to all the members of the Board or the Committee, as on the date of the Meeting, for their comments
142 / 726
The Minutes of a Board meeting runs in 15 pages. The Chairman shall
143 / 726
Which is not the “National Holiday”
144 / 726
Proof of sending signed Minutes and its delivery to the Directors shall be maintained by the company for such period as decided by the Board, which shall not be less than ____ from the date of the Meeting
145 / 726
A meeting of the Board of Directors was convened on 31.12.2021 at 11 pm at Hotel Taj, Mumbai. The agenda of the meeting was to discuss and pass on agendas item and besides this to welcome the New Year 2020. Whether convening of meeting at 11 pm is valid
146 / 726
Who shall have the custody of Minutes Books, when there is no company secretary
147 / 726
A meeting of the Board of Directors was convened on 19.01.2022, but was adjourned for want of quorum, when the adjourned meeting could be held
148 / 726
The meetings of the Board of Directors of a company shall be held ______ with a maximum interval of 182 days between any two consecutive Meetings
149 / 726
Which among the following is NOT termed as General Business
150 / 726
In case a Meeting is adjourned, the Minutes in respect of the original Meeting as well as the adjourned meeting shall be entered in the Minutes Book within ______ from the date of the respective Meetings
151 / 726
The Agenda papers of the meeting shall be given to all the Directors _____ before the date of the Meeting, unless the Articles prescribe a longer period
152 / 726
A notice for convening a Meeting shall be given ______ before the date of the Meeting, unless the Articles prescribe a longer period
153 / 726
When the Minutes of a Meeting can be altered
154 / 726
Whether the Chairman of a meeting can adjourn the Meeting for any reason, at any stage of the Meeting even if the quorum is present
155 / 726
Where the number of Directors is reduced below the minimum fixed by the Articles
156 / 726
Proof of sending signed Minutes and its delivery to the Directors shall be maintained by the company for such period as decided by the Board, which shall not be less than ______ from the date of the Meeting
157 / 726
Minutes shall be written in
158 / 726
The Directors, whether present at the Meeting or not, shall communicate their comments, if any, in writing on the draft Minutes within _______ from the date of circulation thereof, so that the Minutes are finalised and entered in the Minutes Books within the specified time limit of ______
159 / 726
Minutes of the Meeting of the Board shall be signed and dated by
160 / 726
Who shall keep the custody of attendance register
161 / 726
Section 118(10) of the Companies Act, 2013 makes it mandatory for companies to comply with the Secretarial Standards specified by
162 / 726
Which among the following is NOT termed as Corporate Action
163 / 726
Who decides the Quorum for Meetings of any Committee
164 / 726
Which among the following is NOT termed as Special Business
165 / 726
The Company Secretary of a company
166 / 726
SS-1 relates to
167 / 726
“Arm’s length transaction” means
168 / 726
Which among the following is not correct with respect to the Omnibus transaction approval by the audit committee
169 / 726
“Related Party”, with reference to a company, means a public company in which a director or manager is a director and holds along with his relatives
170 / 726
Where any contract is entered into by a director without obtaining the consent of the Board under 188(1) and if it is not ratified by the Board at a meeting within three months from the date on which such contract or arrangement was entered into, such contract or arrangement shall be ______ at the option of the Board
171 / 726
Who among the following will not be ‘Related Party’ with reference to a Company A Ltd
172 / 726
Any director, who had entered into or authorised the contract or arrangement in violation of the provisions of section 188 shall, in case of listed company, be liable to a penalty of
173 / 726
Except with the consent of the ______ given by a resolution in its meeting, no company shall enter into any contract or arrangement with a related party for sale purchase or supply of any goods or materials
174 / 726
Where any director is interested in any contract or arrangement with a related party, such director
175 / 726
Where a company is not required to appoint an Independent Director under section 149(4), it shall have in its Corporate Social Responsibility Committee
176 / 726
Which of the following comes under the CSR activity
177 / 726
Which company shall constitute a Corporate Social Responsibility Committee of the Board
178 / 726
The Corporate Social Responsibility Committee of the Board shall consist of
179 / 726
How much expenditure a company shall ensure to spend in pursuance of its Corporate Social Responsibility Policy
180 / 726
Triple Bottom Line is caused due to
181 / 726
CSR-Voluntary Guidelines 2009 suggested
182 / 726
CRS is
183 / 726
Businesses should
184 / 726
Voluntary Guidelines on CSR was issued in which year
185 / 726
Corporate Social Responsibility is the continuing commitment by business
186 / 726
Concern towards _______ covering all the segments of the stakeholders, are now basic and fundamental issues which permit a corporate to operate in the long run sustainably
187 / 726
National Voluntary Guidelines (NVG) on Social Environmental and Economic Responsibilities was issued in which year
188 / 726
Businesses should conduct and govern themselves with
189 / 726
The concept which states that the Corporate Social responsibility is the responsibility of as organization for the impacts of its decisions and activities on society, the environment and its own prosperity, is known as
190 / 726
To hide its falling profitability, WorldCom inflated its net income and cash flow by recording
191 / 726
WorldCom was earlier known as
192 / 726
Which expenditures do not appear on the income statement and do not immediately reduce the Company’s pre-tax income
193 / 726
Who was the external auditor of WorldCom?
194 / 726
WorldCom Scandal is known for
195 / 726
The main business of the WorldCom was
196 / 726
The function of Audit Committee of WorldCom was
197 / 726
198 / 726
Who was the President and CEO of WorldCom?
199 / 726
The Corporate Governance issue in this case is
200 / 726
Through Gas Bank, Enron became a wholesale trader and marketer of natural gas and electricity in
201 / 726
Fastow and others at Enron orchestrated a scheme to use off-balance-sheet special purpose vehicles (SPVs), also known as special purpose entities (SPEs)
202 / 726
The benefit of Mark to market concept is
203 / 726
The Enron debacle of 2001 involving the hand-in-glove relationship between the auditor and the corporate client, the scams involving the fail of the corporate giants in the U.S. and the consequent enactment of the stringent Sarbanes Oxley Act in the U.S. were some important factors which led the Indian Government to wake up and in the year 2002, ________ was appointed to examine and recommend inter alia amendments to the law involving the auditor-client relationships and the role of independent directors
204 / 726
Arthur and Anderson was _____ in the Enron
205 / 726
Jeffrey Skilling served the Enron as CEO for
206 / 726
Enron’s main business activity was
207 / 726
Name the accounting firm which was associated with the Enron
208 / 726
What was the problem of Enron’s unconventional model
209 / 726
Fixation of Defeat Device in the cars manufactured by Volkswagen shows that
210 / 726
EPA works to ensure that
211 / 726
The ethical theory that is applicable to this case are that
212 / 726
In the emission testing of Volkswagen, what was found?
213 / 726
What was the finding of a Automotive Research Association of India (ARAI) in the matter of investigation of Volkswagen Emission Issue?
214 / 726
What is rule of EPA in U.S.?
215 / 726
In Volkswagen group, who was Martin Winterkorn
216 / 726
The Volkswagen case suggest that the organisations should have
217 / 726
Volkswagen is engaged in the business of
218 / 726
The deficiencies that led to both the emissions scandal itself, and delayed discovery of the scandal, are a result of
219 / 726
220 / 726
Although Woodford was appointed as CEO, but actually the powers of CEO was actually being utilised by Kikukawa. Whether Woodford can escape from the responsibilities of the CEO, when things go wrong
221 / 726
What makes diversification an unpredictable, high-stakes game
222 / 726
What was the fault of the top management in this case
223 / 726
When a company is said to have ‘Highly Geared’
224 / 726
The quality of governance do not depend upon
225 / 726
The word ‘tobashi’ has been used in the above case, which means
226 / 726
What is correct about Gyrus acquisition
227 / 726
Woodfords Title was changed from Coo to CEO, but it did not signify any real change in the company’s leadership. Woodford himself was soon to realise that his appointment to CEO was in name only. What this denotes.
228 / 726
Olympus corporation was engaged in the business of
229 / 726
Who has the responsibility of risk management?
230 / 726
The risk facing is a specified project or line of business which will typically fall under the accountability of
231 / 726
Enterprise risk management is a comprehensive, disciplined and continuous process in which risk are
232 / 726
The responsibility of Board of Directors is to overseeing the company’s ___________ for effectively identifying, monitoring and managing the risk it faces with a view to achieving a proper balance between the risk incurred and potential returns and the long term sustainability of the company.
233 / 726
When benefits had been derived through ERM by the hydro one
234 / 726
The case study of hydro one was relating to the
235 / 726
ERM stands for
236 / 726
The probability rating scale of the hydro one suggest “virtually certain” when there is
237 / 726
The difference between the actual and reported figures under the head “Cash and Bank Balances” of Balance Sheet shows that
238 / 726
Raju confessed in the Board Meeting that
239 / 726
PWC Audited the company for nearly 9 years and did not uncover the fraud, whereas __________discovered the fraud as part its due diligence in merely 10 days.
240 / 726
How the scandal in Satyam revealed?
241 / 726
In board meeting held on 7th January 2009, the chairman of Satyam stated that the gap in the balance sheet had arisen purely on account of inflated profits over a period that lasted several years starting in
242 / 726
Satyam Computer Service Limited was engaged in the business of
243 / 726
Who was the auditor at the time scandal in Satyam
244 / 726
Satyam Computer Services Limited was awarded _____ in Sept 2008
245 / 726
Satyam was purchased by
246 / 726
Golden peacock Award in 2008 was given to Satyam for
247 / 726
What was the time limit for such Contract Manufacturing Agreement (CMA)
248 / 726
Maruti Suzuki India Ltd is
249 / 726
What was advantage for the MSIL
250 / 726
Suzuki Motor Corporate (SMC) have ______ shareholding in the MSIL
251 / 726
What was the Governance Issue involved in this case
252 / 726
Contract Manufacturing Agreement (CMA) entered between MSIL and SMGPL was for the purposes of
253 / 726
SMGPL is
254 / 726
Section 188(5) provides that any director or any other employee of a company, who had entered into or authorised the contract or arrangement in violation of the provisions of this section shall, in case of listed company, be punishable with imprisonment for a term which may extend to ______ or with fine which shall not be less than twenty-five thousand rupees but which may extend to five lakh rupees, or with both
255 / 726
As per the Companies Act, 2013, how many Independent Directors are required in the Board?
256 / 726
Compounding of offence is allowed in the case
257 / 726
Any person who is found to be guilty of fraud involving an amount of at least ten lakh rupees or one per cent, of the turnover of the company, whichever is lower shall be punishment with imprisonment for a term which shall _____ and shall also be liable to fine which shall not be less than the amount involved in the fraud, but which may extend to three times the amount involved in the fraud
258 / 726
259 / 726
An application for compounding of offence is required to be made to the
260 / 726
If any officer of a company wrongfully obtain possession of each of the company, he shall be punishment with fine which shall
261 / 726
Where the fraud in question involves public interest, the term of imprisonment shall
262 / 726
An officer of the company who is in default shall be liable to any penalty or punishment by way of imprisonment, fine or otherwise, means the following officer of a company
263 / 726
________ means the gain by person gaining is not legally entitled
264 / 726
An offence in which a police officer may arrest any person without warrant is called as
265 / 726
No Court shall take cognizance of any offence under this Act which is alleged to have been committed by any company or any officer thereof, except on the complaint in writing of
266 / 726
When the Central Government may initiate a case against a person and refer the matter to the Tribunal as to whether a person is a fit and proper person to hold the office of director
267 / 726
If on any application made under section 241, the Tribunal is of the opinion that _______ the tribunal may, with a view to bringing to an end the matters complained of, make such other as it thinks fit
268 / 726
On what ground a member can make complaint of Oppression to the Tribunal
269 / 726
Who can make an application to tribunal for relief in case of Oppression
270 / 726
A certified copy of the order of the tribunal under section 242(1) shall be filed by the company with the Registrar ______ of the order of the tribunal
271 / 726
When can central Govt. interfere the tribunal in case of Oppression
272 / 726
Class action may be filed for the following reason
273 / 726
A person, shall not hold office as a director, including any alternate directorship in ______ at the same time
274 / 726
Every individual whose name is so included in the data bank of the independent Director shall pass an inline proficiency self-assessment test conducted by the IICA ______ from the data of inclusion of his name in the data bank, failing which, his name shall stand removed from the databank of the IICA
275 / 726
Who may apply for inclusion of his name in the data bank maintained by the Indian Institute of Corporate Affairs
276 / 726
An individual who has obtained a score of ______ in aggregate in the online proficiency self-assessment test shall be deemed to have passed such test
277 / 726
An individual shall not be required to pass the online proficiency self-assessment test, when he has served as a director or KMP, for a total period of _______, as on the data of inclusion of his name in the databank
278 / 726
An individual shall not be required to pass the online proficiency self-assessment test, when he has served as a director or KMP, for a total period of not less than three years, as on the date of inclusion of his name in the databank, in an unlisted public company having a paid up share capital of
279 / 726
An individual shall not be required to pass the online proficiency self-assessment test, when he has served as a director or KMP, for a total period of _______, as on the data of inclusion of his name in the databank, in a listed public company
280 / 726
Form DIR-3 shall be signed and submitted electronically by the applicant using his or her own Digital signature certificate and shall be verified digitally by
281 / 726
Which among the following is not required to pass the online proficiency self-assessment test, conducted by IICA:
1.Advocate who have been for at least 10 years
2.CA in practice who have been for at least 10 years
3.CS who have been for at least 10 years
4.CAM who have been for at least 10 years
282 / 726
The company shall, ______ the general meeting, inform its members of the candidature of a person for the office of a director or the intention of a member to propose such person as a candidate for that office
283 / 726
A director having hearing problems intends to attend the board meeting through video conferencing. Whether his presence will be counted
284 / 726
The arrangement for attending the board meeting through video conferencing shall be arranged by
285 / 726
What is the requirement for passing of the resolution through circulation
286 / 726
Where a meeting of the Board could not be hold for want of quorum, the meeting shall
287 / 726
A meeting of the Board may be called at shorter notice to transact urgent business subject to the condition that ______. If any, shall be present at the meeting
288 / 726
A One Person Company, small company and dormant company shall be deemed to have complied with the provisions of this section if at least one meeting of the Board of Directors has been conducted in each half of a _____ and the gap between the two meetings is not less than ninety days
289 / 726
Which company ____ shall be deemed to have complied with the provisions relating to the meeting of board of directors if at least one meeting of the Board of Directors has been conducted in each half of a calendar year and the gap between the two meetings is not less than ninety days
290 / 726
Who may direct that the provisions of sub-section (1) of section 173 relating to the conduct of the Meetings of the Board shall not apply or shall apply subject such exceptions, modifications or conditions as may be specified in the notification
291 / 726
A notice of meeting of the Board shall be called by giving not less than seven days notice in writing to every director shall be sent
292 / 726
A gap of not more than _____ shall elapsed in between two consecutive meetings of the Board
293 / 726
The liability in respect of offence committed under the Companies Act by the officers in default, of the transferor company prior to its merger, amalgamation or acquisition shall
294 / 726
Voting by proxy shall be permitted, provided a proxy in the prescribed form duly signed by the person entitled to attend and vote at the meeting is filed with the company at its registered office
295 / 726
A minor can be appointed as a proxy.
296 / 726
What are the powers of the Tribunal where it makes an order u/s 230 sanctioning a compromise or an arrangement in respect of a company?
297 / 726
The provision of Chapter-XV relating to the compromise, arrangements, and amalgamations, shall apply mutatis mutandis to schemes of mergers and amalgamations between
298 / 726
Where, at a meeting held in pursuance of section 230(1), majority of persons representing ______ of the creditors, voting in person, agree to any compromise and if such compromise is sanctioned by the Tribunal by an order, the same shall be binding on the company
299 / 726
Who can raise any objection to the compromise or arrangement
300 / 726
In how many days, the order of the tribunal, shall be filed with the Registrar
301 / 726
Non-mandatory committees are formed by the company for
302 / 726
In the event of inadequacy or absence of profits in any year, a company may declare dividend out of free reserves, the total amount to be drawn from such accumulated profit shall not exceed ______ of the sum of its paid-up share capital and free reserves as appearing in the latest audited financial statement
303 / 726
In the event of inadequacy or absence of profits in any year, a company may declare dividend out of free reserves, the balance of reserves after such withdrawal shall not fall below _____ of its paid up share capital as appearing in the latest audited financial statement
304 / 726
In the event of inadequacy or absence of profits in any year, a company may declare dividend out of free reserves at the rate which shall not exceed the average of the rates at which dividend was declared by it in the ______ immediately preceding that year
305 / 726
The Investor and Protection Fund shall be utilised for
306 / 726
Who shall establish the investor Education and Protection Fund
307 / 726
Any money transferred to the Unpaid Dividend Account of a company which remains unpaid or unclaimed for a period of seven years from the date of such transfer shall be transferred by the company along with interest accrued, if any thereon to the
308 / 726
If any default is made in transferring the total amount to the Unpaid Dividend Account of the company, it shall pay, from the date of such default, interest on so much of the amount as has not been transferred to the said account, at the rate of ______ and the interest accruing on such amount shall ensure to the benefit of the members of the company in proportion to the amount remaining unpaid to them
309 / 726
The amount of the dividend, including interim dividend, shall be deposited in a scheduled bank in a separate account ______ from the date of declaration of such dividend
310 / 726
Who may declare interim dividend during any financial year
311 / 726
Interim dividend may be declared
312 / 726
A company may before declaration of any dividend in any financial year, transfer some amount to the reserve of the company, which is
313 / 726
Dividend can be declared by a company for any financial year
314 / 726
Dividend cannot be declared or paid by a company from
315 / 726
The register of debenture holders or any other security holders along with the index shall be preserved ________ from the date of redemption of debentures or securities, as the case may be
316 / 726
Who shall authenticate the entries in the foreign register
317 / 726
If the Company fails to file special resolution within the prescribed time with the Registrar, the company shall be liable to a penalty of
318 / 726
When a member entitled to vote at a meeting of the company, can inspect the proxies
319 / 726
At any general meeting, a resolution put to the vote of the meeting shall, unless______ be decided on a show of hands:
320 / 726
In what circumstances restriction on voting right can be imposed?
321 / 726
When a resolution shall be a special resolution
322 / 726
Proxy instrument shall be in writing and it should be
323 / 726
Which is correct in relation to a proxy holder?
324 / 726
Who shall be the Chairman of the AGM/EGM?
325 / 726
The notice of every meeting of the company shall be given to:
1.Every member of the company
2.Legal Representative of any deceased member
3.Assignee of an insolvent member
4.Every Auditors of the company
5.Every director of the Company
Which of the above is correct?
326 / 726
Out of the following, what transaction shall be treated as special transaction in case of an AGM ( Annual General Meeting)
327 / 726
Each notice of any meeting must specify along with date, day, place, time and
328 / 726
If a BOD (Board of Directors) does not take steps to call an EGM (Extra ordinary General Meeting) within 21 days from the date of valid requisition, the requisitionists themselves can call and hold a meeting (EGM) within a period of _____ from the date of requisition.
329 / 726
AGM (Annual General Meeting) of a Company can be called by giving _____ days notice either by electronic mode or in writing as per prescribed manner.
330 / 726
If some requisitions the call an EGM (Extra ordinary General Meeting), then in that case, who will bear the cost of convening that EGM?
331 / 726
An AGM can be convened after giving shorter notice than 21 days clear notice in a case where not less than _____% of the members entitled to vote, give consent in writing or by electronic mode
332 / 726
XYZ Ltd, a Company incorporated in U.K. it is a subsidiary Company of an Indian Company, ABC Ltd. In this case the issue is where the EGM (Extraordinary General Meeting of XYZ U.K Company should be held out of the following locations
333 / 726
Every Annual General Meeting shall be called on any day that is not a National Holiday. Which is NOT the National Holiday?
334 / 726
The Registrar may, for any special reason, extend the time within which any Annual General Meeting other than the first Annual General Meeting, shall be held by a period ______.
335 / 726
Every Annual General Meeting shall be called during business hours. What are the business hours?
336 / 726
When the subsequent AGM shall be held?
337 / 726
When first AGM shall be held
338 / 726
What should be the time gap between one AGM to next AGM?
339 / 726
All Companies shall have to maintain the Register of detailed charges in form No CHG 7 and shall keep the same in _____ mandatorily.
340 / 726
What is the punishment for a company, if it contravenes the provisions of Chapter VI which deals with the Registration of charges
341 / 726
Who can inspect the register and instrument of charges, kept by the Company, during business hours
342 / 726
The intimations of satisfaction of charge, if not made within the requisite prescribed time, the Registrar may, on application either by the Company or the charge holder, allow such intimation to be communicates within a period of _____ days on payment of additional fees
343 / 726
Once a registered charge is settled, final payment is made, what is the time limit from the Registrar to intimate ______ such satisfaction of the charge
344 / 726
Who are eligible to inspect the Register of charge kept and maintained by Registrar?
345 / 726
Who shall register the charge, in case the Company fails to register the charge within a period of 30 days of its creation?
346 / 726
Whether the Company or the person (in whose fervour charge is created) will bear the cost of fees paid to the Registrar on the application of the concerned person.
347 / 726
The _______ appointed as per the Companies Act, account the charge created by a Company or the IBC (International Business Communication) 2016, as the case may be or any other creditor unless it is duly registered.
348 / 726
All Companies after acceptance of deposit or renewal deposits are required to issue receipts to the depositors or their representatives and agents within a period of ____ days from the date of acceptance of the deposits.
349 / 726
Each and every Company shall have to pay a penal rate of interest of _____ towards deposits kept for the overdue period irrespective of matured and claimed deposits or secured and unsecured deposits but remaining outstanding or unpaid.
350 / 726
What is the period of preservation of Registers of Deposits by Companies?
351 / 726
A meeting of all depositors by the trustee can be called by requisition in writing signed by ______ of the depositors in value for the time being outstanding
352 / 726
Whether any amount received from one Company to another Company can be termed as a ‘deposit’.
353 / 726
For accepting deposits from the public, every public Company shall have to obtain credit rating from a recognised credit rating agency
354 / 726
After acceptance of secured deposit from the public, every Company shall have to create a charge on such deposits within _____ days of acceptance of such deposits of an amount of deposits accepted in favour of the deposit holders.
355 / 726
The Deposit Repayment Reserve Account can only be utilised for the purpose of
356 / 726
The remedy available to the depositors for failure of repayment by the Company of any deposits or interest is
357 / 726
Deposits with Companies, if partially secured, shall be treated and called as
358 / 726
The word ‘Deposit’ as defined in the Companies Act exclude certain types of deposits received by them. They are
359 / 726
After Companies Act, 2013 came into force, Section 73 debars and prohibits acceptance of deposits from public. But certain types of Companies have been allowed to accept or renew deposits. They are
360 / 726
Before asking for deposits from members of a company, the company has to issue a circular to all members clarifying therein
361 / 726
On what terms and conditions deposits can be accepted from members by a Company?
362 / 726
Without a common seal in any Company, the authorisation for Bills of exchange shall be made by
363 / 726
When an application for reservation of name or for a change of name is filed before the Registrar of Companies by any Company, the Registrar can reserve the name for a period of _______ from the date of approval.
364 / 726
Any Company after pulling a ______ can issue depository receipts in any foreign country as per the manner & conditions prescribed in the Act.
365 / 726
The case of Hydro one focuses on_________?
366 / 726
Learning a lesson from the case of Enron Corporation Govt of India set up
367 / 726
Enron case is a total failure of communication obligation at the stage of
368 / 726
Which of the failure in governance brought full of Enron Corporation?
369 / 726
Enron Corporation is a case relating to ethical behaviour of accounting.
370 / 726
World com is a peculiar case of
371 / 726
Which of the following committees was not created as a part of corporate governance operating system at world com?
372 / 726
From out of the following which one can be ignored as not an ethical concern at world com?
373 / 726
The fraud committed in the case of world com will fall on which category?
374 / 726
In case of world com who acted as whistle blower?
375 / 726
Is it necessary to become one of the following to qualify to be nominated to Remuneration Committee?
376 / 726
A strategically planning should be discussed only in the mandatory meetings of the Board.
377 / 726
Can a member of the Board as a related party be entitled to vote on any resolution regarding approval of any agreement or contract with the concerned related Party.
378 / 726
Can a Company hold its AGM on a pre-fixed date or shall post pare the same when the ex- prime Minister of the Country dies?
379 / 726
After the first Annual General meeting, within six months in each calendar year from the end of the financial year, the Company shall Convene next meeting within an interval of not more than _____ months between two Successive Annual General Meeting.
380 / 726
Each and every Company shall be bound to convene its first Annual General Meeting within ____ months of closing of the first financial year.
381 / 726
If, due to same reasons beyond control, a meeting is not possible to be convened on a fixed date, then in that event, to reconvene the meeting at least_____ days notice is required to inform the members.
382 / 726
Each and every AGM (Annual General Meeting) shall be called during business hours (i.e. 9 am to 6 pm) any day except an a National Holiday.
383 / 726
All other Companies except a One Person Company (OPC) shall every year hold in addition to other meetings, an Annual General Meeting.
384 / 726
The time gap between two AGM should not be more than
385 / 726
Except Annual General Meeting (AGM), all other general meetings of a Company and the statutory meeting are called
386 / 726
Offences attracting punishment with fine only are
387 / 726
Punishment for guilty of Corporate fraud attracts punishment of imprisonment for a term not less than 6 months, which can be extended up to ___ years.
388 / 726
Who are key managerial personnels (KMP) under the Companies Act, 2013?
389 / 726
A merger is a coordination of business in which
390 / 726
Which of the following are commonly cited reasons for merger and amalgamation?
391 / 726
Merger of two or more companies involved in different stages of production of distribution of the same product is referred to
392 / 726
‘Economics of Scale’ arises from __________ synergy in Merger and Acquisitions.
393 / 726
Amalgamation can be called as merger if
394 / 726
The appointed auditor of a company may be removed from office before expiry of his term only by a special resolution of the company?
395 / 726
The object of audit of a company is to
396 / 726
The remuneration of the auditor of a company shall be fixed ordinarily in its general meeting.
397 / 726
A transaction between two related parties is conducted on terms as if they were unrelated, so that there is no conflict of interest is known as ______________
398 / 726
Following Companies can accept deposits from the public
399 / 726
The amount to be kept in deposit repayment reserve account shall not be less than_____
400 / 726
Deposits received from public by a Company cannot exceed 10% of the aggregate paid up share Capital and free reserve of the Company.
401 / 726
Deposits received from public by a Company cannot be for less than 6 months and more than 36 months.
402 / 726
One person Company, small Company and dormant Company are not bond to include cash flow statement in their financial statement.
403 / 726
All Companies are duty bound to prepare and keep their books of accounts and all other relevant financial documents in their respective registered office.
404 / 726
Can the books of accounts maintained by a listed Company be accessible in India for use of reference?
405 / 726
Is a listed Company brand to exhibit its financial statement on its website?
406 / 726
Can the corporate veil be lifted in a case where the company acts opposed to workmen?
407 / 726
Can the courts lift the corporate veil without any reason or misconduct?
408 / 726
Can an individual take shelter under corporate veil after committing a fraud or misconduct?
409 / 726
The liability of members if company is limited by guarantee
410 / 726
Liability of a member in case of a private company is
411 / 726
Audit Committee shall meet at least____times a year
412 / 726
The first Chairman is generally
413 / 726
Which document should be annexed to the notice of the statutory meeting?
414 / 726
Voting in a company Meeting can be through
415 / 726
Who among the following has no right to speak at the AGM?
416 / 726
An Audit Committee may include
417 / 726
If minimum subscription is not received application money should be refunded within ______days
418 / 726
Minimum subscription should be received within ______days
419 / 726
Maximum no .of members in case of public company is
420 / 726
Maximum no. of members in case of private company is
421 / 726
Minimum number of members in case of private company is
422 / 726
Minimum number of members in case of public company
423 / 726
The ‘common seal’ of the company should have
424 / 726
A company is called an artificial person because
425 / 726
_________transfer whereby the transferor hands over to the buyer the share certificate and a blank transfer deed.
426 / 726
A transfer in which the signature of the transferor is forged is called_______transfer.
427 / 726
The presiding officer and every other member of a securities appellate tribunal shall hold office for a term of____Years from the date on which he enters upon his office.
428 / 726
Statutory Auditors of the company are appointed by
429 / 726
Which of the following are known as Board Committees?
430 / 726
The Cadbury Committee suggests that the non- executive directors can play a crucial role in
431 / 726
On dissolution the name of the company is struck off from the______of the company.
432 / 726
List B of contributories contains_________ members of the company.
433 / 726
List A of contributories contains___________members of the company.
434 / 726
Any information or knowledge generated by the company.
435 / 726
What is the amount of contribution that a company can make for political purposes?
436 / 726
Which of the following statements are true
437 / 726
The alteration of the objects of a company must be confirmed by the Company law________
438 / 726
The first annual general meeting of the company must be held within
439 / 726
Statutory meeting of the company is held
440 / 726
Notice of the statutory meeting to all the members of the company is required to be sent at least.
441 / 726
Statutory meeting of the company must be held within
442 / 726
Meeting cannot transact any business unless a_______is present at every stage of the meeting
443 / 726
Which of the following is not true
444 / 726
The procedure to write facts about a resolution and its decision is called__________
445 / 726
A special resolution is passed by
446 / 726
Minutes of company meeting should be prepared within
447 / 726
Quorum for a Board meeting is
448 / 726
Quorum for general meeting for private and public companies.
449 / 726
For general meeting of any kind (statutory, Annual or Extraordinary) at least ………….. Notice must be given to members.
450 / 726
When can an annual General Meeting be called giving shorter notice than that specified?
451 / 726
Statutory meeting need to be held by
452 / 726
The interval between two annual general meetings should not be more than.
453 / 726
The altered memorandum must be filed with the registrar within_______
454 / 726
The contracts signed by the promoters of a company continue to be the liability of____
455 / 726
A private company is one which has a minimum paid up capital Rs____lakhs.
456 / 726
The meeting other than statutory and the annual general meeting of the company is_________
457 / 726
The demand for a poll may be withdrawn before_________of the poll is declared.
458 / 726
special resolution is one to pass with the votes cast in favour must be _______times the votes cast against it.
459 / 726
A proxy can vote in case of_______
460 / 726
Memorandum and Articles of a company are:
461 / 726
Audit of Government Company is done by C & AG. This statement is:
462 / 726
Total managerial remuneration in a public company cannot be ________of net profit.
463 / 726
Company's memorandum and articles are public documents.
464 / 726
Which of the following statements is correct?
465 / 726
The liability of the shareholder of the company is________
466 / 726
Annual Returns are required to be filed within___________
467 / 726
The public trustee may attend the meeting of the company_______
468 / 726
In one particular year, the company can close the Register for a period of, ____
469 / 726
Company can close the Register after publishing a notice in a local daily? ____
470 / 726
The Prospectus must be issued within___________
471 / 726
Power to set up the Tribunal is vested in ______________
472 / 726
The time gap between two Annual General Meetings should not exceed________
473 / 726
The quorum for the meeting of Board is _______________
474 / 726
In case of every company, a meeting of the Board of Directors shall be held at least____________
475 / 726
Which one of the following statements is true __________
476 / 726
________Conceives the idea of the business
477 / 726
If anybody wants to file a case against the company they should file at what place _____
478 / 726
Signature of memorandum and articles should be done by ______ number of persons in case of public company
479 / 726
The doctrine of indoor management is an_________ to the doctrine of constructive notice
480 / 726
Private company can start business only after getting certificate of
481 / 726
_______ % of shares should be held by a company in another company so as to become subsidiary
482 / 726
In addition to the contribution employer has to pay ____ % of wages as inspection charges
483 / 726
Contribution shall be made by the employer is ____________ of basic wages and D.A allowance and retaining
484 / 726
485 / 726
Share holders are
486 / 726
Can a Minor be a subscriber
487 / 726
488 / 726
Is a document showing title
489 / 726
The liability of members if company is limited by guarantee.
490 / 726
In the event of appointing a proxy joint holders shall sign the proxy form
491 / 726
Information memorandum + shelf prospectus together constitutes_____
492 / 726
There is no need to held statutory meeting in case of Government Company?
493 / 726
Transmission is effected by
494 / 726
% of shares should be held by a company in another company so as to become subsidiary
495 / 726
Proxies cannot vote on ______
496 / 726
Central Government permission is required in case of conversion
497 / 726
The liability of members if company is limited by shares
498 / 726
499 / 726
500 / 726
501 / 726
502 / 726
Deposits should issued within_______ weeks from the date of receipt of
503 / 726
504 / 726
The resolution passed at AGM are
505 / 726
After the expiry of how much time the company must think that the permission was not granted.
506 / 726
Every AGM must be held with from the date of the Balance Sheet.
507 / 726
Where the registrar strikes off the register the name of a company as a defunct one, the court has the power to order restoration of name within:
508 / 726
In the given below who are required to hold A.G.M
509 / 726
In case of continuing default to convene the AGM fine is Rs. ____ For every day.
510 / 726
Change in objects clauses can be effected
511 / 726
The lending of funds ultra vires, the company has no rights
512 / 726
The time gap between two AGM’s shall not exceed.
513 / 726
The time period for conduction of AGM is extended by ROC for how many months
514 / 726
______ Order to call a EGM even though 1 member present in person or by
515 / 726
......measure the amount of the company's net income i.e. theoretically available for payment to the holder of its common stock.
516 / 726
A company may issue Bonus shares, out of________
517 / 726
Appropriation account is also called:
518 / 726
Which of the following statement about Securities Premium is False?
519 / 726
....... Undertakes the guarantee of buying the whole of shares or debenture place before public in the event of non-subscription.
520 / 726
Syllabus, format, frequency of the valuation examination and qualifying marks shall be published on the websites of the _______ at least three months before the examination:
521 / 726
An individual eligible for registration as a registered valuer under rule 3 may make an application to the authority in…….....along with a non-refundable application fee of………….in favour of the authority.
522 / 726
Provided that any objection to the compromise or arrangement shall be made only by persons holding not less than………… percent of the shareholding or having outstanding debt amounting to not less than ……… percent of the total outstanding debt as per the latest audited financial statement.
523 / 726
In Case of merger or amalgamation between two or more small companies or between holding Company and its wholly-owned subsidiary company, the transferee company shall file a copy of the scheme with ______
524 / 726
The transferee company shall express his desire to acquire the remaining shares of dissenting shareholders within _____ months after the expiry of the four months received for approval of specified number of shareholders.
525 / 726
The central Government after receiving the objection or suggestions or for any reason is of the opinion that such a scheme of merger or amalgamation is not in the public interest or in the interest of the creditor, it may file an application before the tribunal within a period of .......... of the receipt of the scheme starting its objections and requesting that the tribunal may consider the scheme:
526 / 726
Order of tribunal for merger and amalgamation is required to file with ROC within:
527 / 726
A notice shall provide that the persons to whom the notice is sent may vote in the meeting .................. to the adoption of the compromise or arrangement within one month from the date of receipt of such notice:
528 / 726
529 / 726
Any creditor/contributory may inspect the books kept by the company liquidator:
530 / 726
In the case where a floating charge is treated as invalid, interest @............ % shall be paid by the company.
531 / 726
A secretary should have sound knowledge of_______________.
532 / 726
An exception to the doctrine of constructive notice is____________.
533 / 726
NCLT came into force instead of company Law Board from
534 / 726
Stamp duty on registration of the company is payable based on____________ capital.
535 / 726
536 / 726
Contribution shall be made by the employer is ____________ of basic wages and D.A allowance.
537 / 726
Proxies cannot vote on_________
538 / 726
Balance in securities premium A/c should be utilized for declaring dividends.
539 / 726
540 / 726
There is no need to hold statutory meeting in case of Government company?
541 / 726
Deposits should be issued within _____ weeks from the date of receipt of money.
542 / 726
543 / 726
A private company giving an offer to selected persons would be a private offer.
544 / 726
No need to prepare a report for annual general meetings in case of private companies.
545 / 726
From the date of incorporation, the subscribers to the Memorandum and all subsequent members of the company are a body corporate.
546 / 726
The company must maintain copies of all information and documents until dissolution.
547 / 726
In cases where a company is formed for some illegal or improper purposes like defeating the law, the Courts might decide to lift or pierce the corporate veil.
548 / 726
In matters concerning evasion or circumvention of taxes, duties, etc., the Court might disregard the corporate entity.
549 / 726
The Courts usually avoid piercing the corporate veil, unless the public interest is in jeopardy.
550 / 726
In certain cases, the Courts ignore the company and concern themselves directly with the members or managers of the company.
551 / 726
Piercing the corporate veil means looking beyond the company as a legal person.
552 / 726
Members are shielded from the liabilities arising out of the company’s actions.
553 / 726
The promoter of a one person company is not personally liable to repay the debts of the company.
554 / 726
In case the Board fails to call for an EGM, it can be called for by the requisitionists themselves during a period of 3 months from the day the requisition was deposited.
555 / 726
Upon the receival of a valid requisition the Board has a period of 21 days to call for an EGM.
556 / 726
An EGM is held in case of emergency situation and requires the attention of senior’s executives and the Board.
557 / 726
An Extraordinary General Meeting is held when some urgent issue about the company arises or any situation of crisis and it requires the input of all senior executives and the Board.
558 / 726
Legally a notice period of 21 days must be given to all the members before the Annual General Meeting.
559 / 726
The Annual General Meeting is held at the registered office of the company.
560 / 726
The first AGM of a company can be held at any date within a period at 18 months since the date of incorporation of the company.
561 / 726
There cannot be a gap of more than 15 months between two AGMs.
562 / 726
As per Companies Act, an annual general meeting must be held by every company once a year without fail.
563 / 726
In AGM function like reviewing company account, approving audited accounts, elections. Fiscal records of the past year are discussed.
564 / 726
Annual General Meeting is held in every financial year and it is mandatory for all companies.
565 / 726
A document not bearing the common seal of the company will not be binding on the company.
566 / 726
The common seal is the official signature of the company.
567 / 726
All the acts of the company are authorized by its common seal.
568 / 726
A member cannot have any insurable interest in the property of the company.
569 / 726
In spite of the changes in the membership of the company, it can perform its contracts and enter into future agreements.
570 / 726
A company has a perpetual, succession as it has no allotted span of life.
571 / 726
Change in the constitution of the company’s membership will not cause any realization or slitting of its property.
572 / 726
The corporate property is clearly distinguished from the members’ property.
573 / 726
A creditor of an incorporated company has remedy only against the company for his debts and not any of the members of whom it is composed.
574 / 726
Law recognizes the existence of the company quite irrespective of the motives, intention, scheme or conduct of the individual shareholders.
575 / 726
On account of independent corporate existence of creditors of a company are creditors of the company alone and their remedy lies against the company and its property only and not against any of its members.
576 / 726
A company cannot ask for the enforcement of those fundamental rights which are exclusively available to national citizens.
577 / 726
A company may sue and be sued in its name.
578 / 726
A company may be held liable for breach of law.
579 / 726
A company may discharge functions such as entering into contract, purchasing, owning and holding of properties.
580 / 726
Rematerialization indicates the process of changing the electronic certificates into physical ones.
581 / 726
CDSL is BSE’s depository.
582 / 726
NSDL is the depository for NSE.
583 / 726
A private company may issue securities.
584 / 726
A public company may issue securities to public ______.
585 / 726
All monies payable by any member to the company under the memorandum or articles shall be debt due from him to the company.
586 / 726
Indian Depository Receipt means_______.
587 / 726
Global Depository Receipt means_______
588 / 726
______ means an interest or lien created on the property or assets of a company or any of its undertaking or both as security and includes a mortgage.
589 / 726
Public offer of securities must necessarily be in _____ form.
590 / 726
If any person enters into a contract, which is inconsistent with the company’s memorandum and Article, he shall not acquire any rights against the company and shall bear the consequences himself. This is doctrine of _______.
591 / 726
Outsiders entering into transactions with a public company will not be affected by any of the irregularities in the internal processes which they are unaware of.
592 / 726
Outsiders entering into transactions with a public company are bound to conduct a proper enquiry into the company’s internal procedures and processes.
593 / 726
Acts done by a officer of a company which are beyond the scope of its apparent authority will not make the company liable for any of the defaults officer.
594 / 726
A company can never be held liable for the forgeries committed by its officers.
595 / 726
The doctrine of ________ presumes that every person has knowledge of the contents of the Memorandum of Association Articles of Association and every other document such as special resolutions.
596 / 726
The Memorandum and Articles of Associations are _______.
597 / 726
Statutory meeting must be held in case of a public company.
598 / 726
599 / 726
Can a Company hold an AGM on public holiday?
600 / 726
The liability of members if company is limited by shares.
601 / 726
602 / 726
A _______ is a provision in Section 245 of the Companies Act 2013 where a group of persons approach the tribunal to represent a common interest against oppression and mismanagement.
603 / 726
The Companies Act. 2013 provides that all the members may appoint their representative who on the behalf of others makes application for the benefit of all. This is called_______.
604 / 726
Under Section 241, if the company does not have share capital, _______ may apply to tribunal against the oppression and mismanagement of the company.
605 / 726
Under Section 241, if the company has share capital, _______ may apply to tribunal against the oppression and mismanagement of the company.
606 / 726
The tribunal might take following steps against oppression of interests.
607 / 726
608 / 726
609 / 726
_________ is lack of probity and fair dealing in the affairs of the company to the prejudice of some types of its members.
610 / 726
If the conduct of the officials of the company is arbitrary and prejudiced it is _______.
611 / 726
Violations of statutory provisions of MOA & AOA of the company is an instance of ________.
612 / 726
Violations of statutory provisions is an instance of ________.
613 / 726
Preventing directors from functioning is an instance of __________.
614 / 726
Books and papers of amalgamated companies shall not be destroyed without the approval of the_________.
615 / 726
_________ means a scheme that restructures or varies the debt obligations of a company towards its creditors.
616 / 726
_________ is a blending of two or more existing undertakings into one undertaking the shareholders of each blending company becoming substantially the shareholders in the company which is to carry on the blended undertaking.
617 / 726
There may be __________ either by transfer of two or more undertakings to a new company or by the transfer of one of more undertakings to an existing company.
618 / 726
619 / 726
In case of a __________ the survivor acquires the assets as well as liabilities of the merged company or companies.
620 / 726
__________ is the combination of two or more companies into a single company where one survives and the others lose their corporate existence.
621 / 726
In case of a compromise, there is an element of ________ present as it is done between a company and its creditors.
622 / 726
An arrangement is between a company and its _________
623 / 726
624 / 726
There are two possibilities of scheme of arrangement. They are (a) between a company and its ______ and (b) between a company and its _________
625 / 726
Corporate restructuring can be categorised as _____________
626 / 726
Section 232 of the Companies Act, 2013 deals with __________
627 / 726
Compromises, arrangements and amalgamations are to be meant for ___________________
628 / 726
Dividend declared by the company which remains unpaid/unclaimed for a period of 30 days from the date of declaration shall be transferred to __________
629 / 726
A company which has inadequate profit or has incurred loss in the immediately preceding financial year may declare dividend out of the accumulated profits of the company.
630 / 726
The dividend warrants shall be dispatched by the company in case of final dividend within _______ days of its approval in the AGM.
631 / 726
The dividend warrants shall be dispatched by the company in case of interim dividend within ......... days of declaration of dividend in the Board Meeting.
632 / 726
It is not mandatory for a company to declare ___________
633 / 726
SPICE refers to ________..
634 / 726
A person can be member in only _________ OPC.
635 / 726
Only a ______ who is an Indian citizen and resident of India shall be eligible to act as a member and nominee of the OPC.
636 / 726
Corporate restructuring is one of the means that can be employed to meet the challenges and problems which confront business. This statement is _________
637 / 726
For vetting the MoA and AoA as per spice, eMOA and eAOA is required.
638 / 726
Role of doctrine of ultra vires is __________
639 / 726
Assertion (A) Doctrine of indoor management protects an outsider dealing with a Company from irregularities inside a Company.
Reason (R) Doctrine of Ultra vires protects an outsider dealing with a Company for corporate capacity not mentioned in the objects clause.
Choose correct answer from below codes.
640 / 726
Voting in a Company meeting can be through ________
641 / 726
Minutes of Company meeting should be prepared within ______ of the meeting.
642 / 726
For declaration of dividend no _______ resolution is required.
643 / 726
The procedure to write facts about resolution and its decision is called ______
644 / 726
The exception to the doctrine of constructive notice is provided in _______
645 / 726
The doctrine of indoor management provides protection to the ______
646 / 726
Legal position of a promoter of a Company is ______
647 / 726
The alteration of the memorandum has to be certified by the Registrar within _________
648 / 726
The full form of CEO is ____________
649 / 726
The minutes of the Company in case of a Board Meeting shall be signed by ___________
650 / 726
Mention one right that the proxy enjoys during a meeting.
651 / 726
East India Company is an example of _________ Company.
652 / 726
Extraordinary Meeting is a meeting of the _________
653 / 726
The time gap between two Annual General Meeting should not exceed_____
654 / 726
The first code on corporate Governance was introduced for the first time in the year ______ in United Kingdom.
655 / 726
IPO stands for ____________
656 / 726
Audit committee shall meet at least _____ times in a year.
657 / 726
An audit committee may include _______
658 / 726
The name of a defunct Company can be resorted to register on an application made to the Tribunal by the Company or any member or a creditor within _______
659 / 726
A past member can also be placed on the list of contributories if he has ceased to be a member within ______
660 / 726
_______ is a decision on the proposal.
661 / 726
_______ is a proposal put before a meeting.
662 / 726
Special resolution is passed by majority of __________ members voting by show of hands on poll either in person or by proxy.
663 / 726
_______ is the resolution which is passed at validly called general meeting by special majority of the meeting.
664 / 726
_______ is the resolution which is passed at validity called general meeting by simple majority of the members.
665 / 726
Decisions of a Company are made by _________ of its members passed at meeting of members.
666 / 726
______ refers to the instrument by which a person is appointed to act for another at a meeting of the Company.
667 / 726
_______ means the list of business or thing to be done at the meeting.
668 / 726
The Chairman of a Company has _______ votes.
669 / 726
_______ is the official records of the meeting of the Company.
670 / 726
For the proper conduct of business in a meeting, a _______ is necessary.
671 / 726
______ is the minimum number of members that should be the meaning as per the Articles of the Company before any business can be validly transacted.
672 / 726
______ called for dealing with some urgent special business which cannot be postponed till the next annual general meeting.
673 / 726
The first annual general meeting of the Company must be held within ______
674 / 726
At one time the appointment of sole selling agent can be made for a period of ____
675 / 726
The quorum for a meeting of the board of Directors shall be ______ of its total strength or 2 Directors whichever is higher.
676 / 726
The maximum remuneration paid to a manager cannot exceed ________ percent of the annual net profit.
677 / 726
__________ Vacancy is caused by resignation, death, insolvency or insanity.
678 / 726
Doctrine of constructive notice means __________
679 / 726
The doctrine of indoor Management has its origin in the case of __________
680 / 726
The procedure for change of registered office from one city to another within the same State is by passing ________
681 / 726
A foreigner can become a member of a Company registered in India with permission of _____
682 / 726
The annual return should be filed by a Company with the Registrar within _______ days from the date of the annual general meeting of the Company.
683 / 726
_________ can be passed by the support of three fourth majority of share holders who are present and entitled to vote at a meeting.
684 / 726
The power to order rectification of register of members vests in the _________
685 / 726
Golden rule was laid down by _____________
686 / 726
The Company shall give notice of alteration to the Registrar when ________ of passing the resolution.
687 / 726
The other name of indoor management is called _________
688 / 726
The idea of carrying on a business is conceived by a person or by a group of persons called ________
689 / 726
The person or group of person who bring a Company into existence are called ________
690 / 726
Which doctrine seeks to protect the Company from the outsiders?
691 / 726
Doctrine of ultra vires has reference to _________ clause.
692 / 726
The Articles of association and the memorandum of association are drafted by __________
693 / 726
Corporate veil ensures ___________ to the Company.
694 / 726
During which of the following circumstances can the veil be lifted by the Court ?
695 / 726
Anything done under an agreement between the Company and the third party requires negotiation of the Company in the form of an official said _________
696 / 726
A person cannot appoint more than one proxy.
697 / 726
A member of Section 8 Company can appoint only another member of the same Company as its proxy.
698 / 726
EGM of a wholly owned subsidiary of a Company incorporated outside India shall be held at any place within India.
699 / 726
EGM of the Company can be held outside India.
700 / 726
In case of public limited Company, quorum for AGM is based on the number of members in the Company.
701 / 726
Quorum for the AGM of a private Company is 7 members personally present.
702 / 726
AGM of the unlisted Company may be held at any place in India if consent is given by writing or by electronic mode by all the members in advance.
703 / 726
AGM can be held at a place situated outside the limit of city, town or village in which the Registered Office s situated.
704 / 726
If a Company’s financial year commences ends on 31 March, the first AGM of the Company shall be held latest by 31 December of that year.
705 / 726
An interested member of a private Company can participate and vote at general meeting on matters requiring approval for related party transaction.
706 / 726
An intimation given to the Company or chairman on receipt of the notice calling the board meeting would suffice the requirement for attending the meeting through video conference.
707 / 726
An employee who is also a promoter or person belonging to the promoter group is specifically excluded from obtaining shares issued under ESOP.
708 / 726
Resolution with regard to issue of securities should be discussed and passed at a duly converted Board meeting.
709 / 726
Rights issue offer shall be kept open for a minimum period of 15 days ad maximum period of 30 days.
710 / 726
It is not mandatory for Companies to make an application to one or more recognised stock exchange or exchanges and obtain permission for the securities to be dealt with stock exchange or exchange before making a public offer.
711 / 726
It is mandatory for the name to be indicative of the nature of its business.
712 / 726
A natural person shall not be member of more than one OPC at any point of time.
713 / 726
If a number of members reduce below above stipulation and the company carries on business for more than six months, every member severally shall be liable to pay debts of the Company.
714 / 726
The gap between two Annual General Meetings must not be more than fifteen months.
715 / 726
A charge created on the stock-in-trade of a business is a fixed charge.
716 / 726
A Company Secretary cannot participate in the management of Company affairs.
717 / 726
In the case of a private Company, minimum ten members personally present may be the quorum for a meeting.
718 / 726
Quorum of general meeting is maximum five members personally present for a public Company.
719 / 726
Proxies are not to be included while counting the quorum of a meeting of a Company.
720 / 726
It is compulsory for every Company to have its Articles and file the same with Registrar of Company for registration.
721 / 726
A fixed charge becomes floating charge when a company goes into liquidation.
722 / 726
A mortgage of land is an example of fixed change.
723 / 726
An exception to the doctrine of constructive notice is ________
724 / 726
Which of the following is not a case of lifting of corporate veil?
725 / 726
A ________ is neither an agent nor a trustee of a company
726 / 726
Which of the following are the functions of a promoter?
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The average score is 13%
