Deck 13: Important Facts About Company Executive Authority and Meetings of the Board of Directors

Question 1

__________ is the executive authority of the company.

A)Partner
B)Shareholders
C)Board of Directors
D)Expert

Answer 1

Board of Directors

Question 2

A meeting of Board of directors shall be held at least ____________

A)One month
B)Once in every 3 months and at least 4 such meetings shall be held every year.
C)Two month
D)4 months and at least 3 such meetings must be held in every year.

Answer 2

Once in every 3 months and at least 4 such meetings shall be held every year.

Question 3

The quorum for a meeting of the board of directors shall be ________ of its total strength or 2 directors, whichever is higher.

A)3
B)1/2
C)1/4
D)1/3

Answer 3

1/3

Question 4

Minimum number of directors in public company is ______

A)3
B)2
C)4
D)1

Question 5

Minimum number of directors in private company is _________

A)3
B)2
C)4
D)1

Question 6

__________ is a group of people who are acting on behalf of the Company.

A)Managing director
B)Partnership
C)Board of directors
D)All the above

Question 7

A Managing Director can be appointed for a maximum period of ___________

A)2 year
B)10 years
C)3 years
D)5 years

Question 8

__________ can be imposed on directors for non compliance of requirements of companies Act.

A)Penalty
B)Fine
C)Statutory penalty
D)Criminal liability

Question 9

When a director voluntarily remains absent from the three consecutive meetings of the Board of Directors, and

A)he become liable to be punished with fines @ Rs. 500 for every default
B)he is disqualified for becoming a director of any company.
C)his office falls vacant
D)None of the above

Question 10

At one time the appointment of sole selling agent can be made for a period of ______

A)One year
B)three year
C)five year
D)seven year

Question 11

The term whole time director is defined in Sec.__________ of the Companies Act 1956

A)2(25)
B)2 (24)
C)3 (25)
D)3(24)

Question 12

The appointment of every director is to be made by an _______at the general meeting.

A)Ordinary resolution
B)Special resolution
C)Single resolution
D)None of the above

Question 13

_________ director act during the absence of the original director.

A)First Director
B)Additional director
C)Alternate director
D)Representative director

Question 14

_________ is the first general meeting of the shareholders of a public company.

A)Extra ordinary meeting
B)Class meeting
C)General meeting
D)Statutory meeting

Question 15

Statutory meeting must be held with in a period of _____

A)90 days from the date at which the company entitled to start it business
B)6 months from the date of incorporation
C)not less one month & not more than 6 month which the company is entitled to start it business.
D)18 months from the date of incorporation.

Question 16

The first annual general meeting of the company must be held within ________

A)6 months of incorporation
B)6 months from the date at which the company's entitled to start its business
C)18 months from the date at which the company is entitled to start its business.
D)18 months of incorporation.

Question 17

_________called for dealing with some urgent special business which cannot be postponed till the next annual general meeting.

A)Extra ordinary general meeting
B)Ordinary general meeting
C)Class meeting
D)None of the above

Question 18

________ is the minimum number of members that should be present at the meeting as per the Articles of the company before any business can be validly transacted.

A)Minute
B)Quorum
C)Register
D)Proxies

Question 19

For the proper conduct of business in a meeting a _________ is necessary

A)Director
B)Managing director
C)Chairman
D)Shareholder

Question 20

___________ is the official records of the meeting of the company.

A)Quorum
B)Register
C)Report
D)Minutes

Question 21

The Chairman of a company has _________ votes

A)1
B)3
C)2
D)None of the above

Question 22

__________ means the list of business or thing to be done at the meeting

A)Quorum
B)Register
C)Minutes
D)Agenda

Question 23

_________ refers to the instrument by which a person is appointed to act for another at a meeting of the company.

A)Proxy
B)Quorum
C)Motion
D)None of the above

Question 24

Decisions of a company are made by _______ of its members passed at meeting of members.

A)Notice
B)resolution
C)Quorum
D)Circular

Question 25

_______ is the resolution which is passed at validly called general meeting, by simple majority of the members.

A)Special resolution
B)Resolution by postal ballot
C)Ordinary resolution
D)Resolution requiring special notice