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 5

1 / 50

The Board of Directors can exercise the power to appoint directors in the case of

2 / 50

According to section 255 of the companies Act, the Directors must be appointed by the

3 / 50

Who may be appointed as a director of a company?

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Under the companies Act, which one of the following powers can be exercised by the Board of Directors?

5 / 50

According to the companies Act, 1956 a Private limited company must have at least ______directors.

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The first directors of a public company are appointed by the

7 / 50

The remuneration payable to a whole time director of the company should not exceed.

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According to section 283 (1) (g) if a director absents himself from 3 consecutive board meetings or from all meetings consecutively for a period of 3 months without obtaining leave of absence.

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When there is a deadlock between the directors

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When the Directors have acted mala fide and are themselves the wrong doers, the only option left with the shareholders is

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Under section 269, every public company and a private company which is a subsidiary of a public company must have a managing director or a whole time director if its paid-up share capital is

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Except with the approval of the central Government, remuneration of a whole time director or a managing director shall not exceed _____of the net profits for one such director.

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Where a director acts dishonestly to the interest of the company, he will be held liable for

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Unless the articles provide for the retirement of all directors at every annual general meeting, at least _____of the total number of directors retire by rotation.

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When a director does an act which is in excess of his powers and company suffers a loss ______is liable to make good the loss

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The company shall send a duplicate copy of the contents of Register of directors to the registrar within ______of the appointment of the directors.

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___________liability is imposed on the directors if they manipulate or falsify the accounts of the company.

18 / 50

_________may appoint additional directors from time to time if so authorized by articles.

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A person cannot be a director of more than_________as per the Companies (Amendment) Act, 2000.

20 / 50

A meeting of the Board of Directors must be held at least once in.

21 / 50

____________is the proper authority to call annual general meeting.

22 / 50

To make the liability of directors unlimited a_________resolution is required.

23 / 50

Any Corporate Body/Association of Firm can be appointed as director of the company. This statement is:

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Who of the following is the most important functionary of a company?__________

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At the same time a person cannot hold office of a Director in more than _________

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If the company failed to refund application money within 130 days from the date of issue of prospectus on non-receipt of minimum subscription who will be personally liable.

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Minimum no. of Directors in case of private company is __________

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X, is a director of X Company and X is also a director of Y Company this means X Co. and Y Co. both are same

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Minimum no. of Directors in case of a public company is           

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Age limit of Directors in case of private company is           

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Any director of a company or any of its key managerial personnel shall be allowed to buy in the company, or in its holding, subsidiary or associate company:

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Individual who has been allotted a DIN as on 31st March 2018 shall submission or before.............. .

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KMP may be a director of any company with permission.

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

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A person cannot act as Managing Director of more than _______company / companies at a time.

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Where a company has three directors, the maximum remuneration payable to all of them is ________% of the annual net profit.

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The total managerial remuneration to the directors and the manager in respect of any financial year must not exceed _________ percent of the net profit.

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A directors election takes place in a general meeting through a separated Resolution passed by a _______ majority.

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The ___________ constitute the top administrative organ of the company.

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Minimum no. of Directors in case of private company is __________

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X, is a director of X Company and X is also a director of Y Company this means X Co. and Y Co. both are same

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In case of a company going for public issue premium can be declared by BOD.

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No need to appoint independent directors in case of private companies.

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Directors act as agents to the company but not as its members.

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Though a company has an artificial personality, it acts through human beings, who are called as directors.

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A director or a managing director cannot be held personally liable for the payment of arrears of taxes or salaries of employees due by the company.

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A director of a company can be the office bearer of the trade union of the workers of the same company.

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______ in relation to a company means the collective body of the directors of the company.

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Directors are ___________

50 / 50

Which statements are correct, answer using codes given below:

1. Directors are trustees of Company

2. Directors are members of Company

3. Directors are agents of Company

4. Directors are agents of shareholders

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