Top 150+ Solved Regulatory Framework for Companies MCQ Questions Answer
Q. Statutory meeting need to be held by.
a. a public company limited by guarantee and having a share capital.
b. a public company having liability of its members unlimited.
c. a government company.
d. a public company not having share capital.
Q. A meeting of the Board of Directors must be held at least once in.
a. each month.
b. every two months.
c. every three months.
d. every four months.
Q. When can an annual General Meeting be called giving shorter notice than thatspecified?
a. if consent is accorded to by all the members entitled to vote.
b. if consent is accorded to by 30% of the members entitled to vote.
Q. For general meeting of any kind (statutory, Annual or Extraordinary) atleast ………….. Notice must be given to members.
a. 21 days.
b. 22 days.
c. 23 days.
d. 25 days.
Q. Quorum for general meeting for private and public companies.
a. 2 and 5.
b. 3 and 6.
c. 5 and 7.
d. none of these.
Q. Quorum for a Board meeting is.
a. 1/3 of total number of directors or 2 directors, whichever is higher.
b. ½ of total number of directors or 3 directors whichever is higher.
c. ½ of total number of director or 3 directors whichever is lower.
d. none of the above.
Q. The minutes book can be inspected by the.
a. shareholders free of charge.
b. debenture holders on payment.
c. any one on payment.
d. none of the above.
Q. Minutes of company meeting should be prepared within.
a. 21 days of the meeting.
b. 30 days of the meeting.
c. 40 days of the meeting.
d. 45 days of the meeting.
Q. A special resolution is passed by.
a. simple majority.
b. 2/3 majority.
c. 3/4 majority.
d. none of these.
Q. An ordinary resolution at a general meeting of the shareholders issufficient for.
a. reduction of share capital.
b. issue of shares at a discount.
c. creation of reserve capital.
d. all the above.
Q. who among the following has no right to speak at the AGM?
a. chairman of the company.
b. whole time director of the company.
c. proxy holders.
d. none of the above, as everybody has the right to speak at the agm.
Q. Voting in a company Meeting can be through.
a. ballot.
b. raising hands.
c. raising voice.
d. all of these.
Q. Which document should be annexed to the notice of the statutory meeting?
a. statutory report.
b. proxy form.
c. explanatory statement.
d. both (a) and (b).
Q. The first Chairman is generally.
a. elected by the board of directors.
b. elected by the members.
c. named in the article.
d. named in the memorandum.
Q. East India Company is an example of.
a. statutory company.
b. registered company.
c. chartered company.
d. none of these.