Top 150+ Solved Regulatory Framework for Companies MCQ Questions Answer
Q. The companies (Amendment) Act , 2000 provides new section 292 A forconstitution of audit committees by every public company having a paid- up capital of.
a. rs.10 lakh or more.
b. rs. 50 lakh or more.
c. rs.1 crore or more.
d. rs.50 million or more.
Q. An Audit Committee may include.
a. auditors.
b. company secretary.
c. non- executive directors.
d. all.
Q. Which of the following reports included clause 49 in the listing agreement.
a. sabhanayagam report.
b. kumaramangalam birla report.
c. narasimham report.
d. l.c. gupta report.
Q. Audit committee shall act in accordance with the terms of reference to bespecified by.
a. statutory auditors.
b. sebi.
c. board of directors.
d. central government.
Q. The Statutory Auditors of the company are appointed by.
a. share holders in annual general meeting.
b. board of directors.
Q. Remuneration Committee is made up of.
a. independent directors.
b. executive directors.
c. auditors.
d. investors.
Q. Executive Directors are those directors who.
a. are men from outside the board.
b. occupy management position.
c. are independent directors.
d. elect the board committee.
Q. The company agrees that the remuneration of non- executive directorsshall be decided by.
a. board of directors.
b. company.
c. share holders.
d. central government.
Q. An Article constitutes a contract between.
a. the company and its members.
b. the members and outsiders.
c. the company and the outsider.
d. all the above.
Q. Name of a company can be changed by.
a. an ordinary resolution.
b. a special resolution.
c. an approval of the central government.
d. a special resolution and with approval of the central government.
Q. Change of registered office of a company from one place to another in thesame city requires.
a. board resolution.
b. special resolution.
c. ordinary resolution.
d. special resolution with central government approval.
Q. Article of Association can be altered by.
a. a resolution of board of directors.
b. an ordinary resolution in annual general meeting by the shareholders.
c. a special resolution.
d. obtaining permission of the company law tribunal.
Q. A change in the registered office of the company from one state to anothercan be effected by.
a. a resolution of the board of directors.
b. a resolution passed in the general meeting of the company.
c. a special resolution of the company and approval of the central government.
d. a special resolution and confirmation of the company law tribunal.
Q. The charter of a company is its.
a. prospectus.
b. memorandum of association.
c. certificate of incorporation.
d. articles of association.
Q. A document which lays down the fundamental conditions upon which thecompany is allowed to form is called.
a. memorandum of association.
b. article of association.
c. prospects.
d. certificate of incorporation.