Corporate Prep Test

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Corporate Prep Test

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This practice test covers key provisions related to the appointment, duties, powers, and liabilities of Directors.

Directors – Practice Test 1

1 / 50

Under the Companies Act, which of the following powers can be exercised by the board of directors?

2 / 50

The Board of directors of the top 500 listed entities shall have ____ by April 1, 2019

3 / 50

With effect from April 1, 2022, the top 500 listed entities shall ensure that the Chairperson of the board of such listed entity shall

4 / 50

“independent director” means

5 / 50

No person shall be appointed or continue as an alternate director for ____ of a listed entity with effect from October 1, 2018

6 / 50

No listed entity shall appoint a person or continue the directorship of any person as a non-executive director who has attained the age of

7 / 50

The Board of directors of the top 1000 listed entities shall have ______ by April 1, 2020

8 / 50

Were the chairperson of the Board of Directors is a non-executive Director, _______ shall comprise of independent directors.

9 / 50

The quorum for a meeting of the nomination and remuneration committee shall be _________, including at least one independent director in attendance.

10 / 50

The board of directors shall meet _______, with a maximum time gap of one hundred and twenty days between any two meetings

11 / 50

The board of directors shall meet at least four times a year, with a maximum time gap of ______ between any two meetings

12 / 50

A person shall not be a director in more than ____ with effect from April1, 2020

13 / 50

What is the agenda in the Independent Director’s Meeting

14 / 50

A person shall not serve as an independent director in

15 / 50

On 1st of June, there was Audit Committee Meeting following by Meeting of Board of Director, Mr A is member of the Audit Committee and so of the Board. If the sitting fee payable is Rs. One Lakh, what amount should the company pay to Mr. A

16 / 50

The Board of Directors of top 1000 listed entities shall have at least one independent woman director by April 1, 2020

17 / 50

An Independent Director means

18 / 50

Application for allotment of DINs to the proposed first Directors in respect of new companies shall be made in

19 / 50

Every listed public company shall have _____ of the total number of directors as independent directors

20 / 50

A person shall not be a director in more than ____ listed entities with effect from April 1, 2020

21 / 50

For changes in DIN, the form to be filled is

22 / 50

Where the chairperson of the board of directors is a _____ at least one-third of the board of directors shall comprise of independent directors

23 / 50

No person shall be appointed as an ____ for an independent director unless he is qualified to be appointed as an independent director under the provisions of this Act

24 / 50

In how many companies, a person can be a director at the same time

25 / 50

Retirement of directors by rotation ______ applicable to appointment of independent directors

26 / 50

Public Companies having _____ of one hundred crore rupees or more, shall have at least two directors as Independent Directors

27 / 50

Who decide the quantum of sitting fee payable to the directors

28 / 50

Public Companies which have, in aggregate, outstanding loans, debentures and deposits, exceeding fifty crore rupees, shall have Independent Directors of

29 / 50

Which Institute is maintaining the data bank of the Independent Directors

30 / 50

An Independent Director is essentially

31 / 50

Sitting fee payable to a woman director shall be

32 / 50

The maximum number of public companies in which a person can be appointed as a director shall not exceed

33 / 50

The relative of any Independent Director may hold security in the company of face value of not exceeding ______ or 2% of the paid capital of the company or such higher amount as may be prescribed

34 / 50

An independent director shall hold office for a term ____ on the Board of a company

35 / 50

An independent director

36 / 50

Any person who intends to be appointment as director of an existing company shall make an application electronically in ____ to the Central Government for allotment of DIN

37 / 50

Independent Director is eligible for reappointment on passing of a _____ by the company and disclosure of such appointment in the Board’s report

38 / 50

Public Companies having paid up share capital of ten crore rupees or more, shall have Independent Directors of

39 / 50

Every independent director shall at the _______ in which he participates as a director and thereafter at the first meeting of the Board in every financial year or whenever there is any change in the circumstances which may affect his stairs as an independent director, give a declaration that he meets the criteria of independent as provided in section 149(6)

40 / 50

A person by qualification is a Chartered Accountant and is of the age of majority (i.e. of 18 years of age), want to be an Independent Director in a listed company. Can he be?

41 / 50

In a listed company, there are 13 directors. How many Independent Directors are required to be appointed?

42 / 50

DIR-3 can be signed by

43 / 50

A Corporate Social Responsibility Committee of the Board consisting of three or more directors, out of which ____ shall be an independent director

44 / 50

The appointment of independent director shall be approved by the company in

45 / 50

Every director of a company shall disclose to the company the number of such securities acquired or disclosed of within two trading days of such transaction if the value of the securities traded, whether in one transaction or a series of transactions over any calendar quarter, aggregates to a traded value in _____ or such other value as may be specified

46 / 50

Which among the following is NOT required to be placed before the Board of Directors of a listed entity

 

1.Transactions involving substantial payment towards goodwill

2.Significant labour problems

3.Appointment of Company Secretary

4.All of the above

5.None of the above

47 / 50

The performance evaluation Independent Director shall be done

48 / 50

Which among the following about small shareholders Director is correct

49 / 50

The provisions relating to the succession planning of board members is contained in

50 / 50

The number of Independent Directors required in a listed entity shall be at least ____ of the total number of directors

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