Deck 14: Corporate Governance and Company Management

Question 1

________ is the resolution which is passed , at valid called general meeting, by special majority of the meeting.

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

Answer 1

Special resolution

Question 2

Special resolution is passed by majority f _______ of the members voting by show of hands or on poll either in person or by proxy.

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

Answer 2

3/4

Question 3

_________ is a proposal put before a meeting.

A)Motion
B)Resolution
C)Quorum
D)Proxy

Answer 3

Motion

Question 4

__________ is a decision on the proposal

A)Quorum
B)Proxy
C)Motion
D)Resolution

Question 5

Winding up by the order of Tribunal is ____________

A)Voluntary winding up
B)Compulsory winding up
C)Winding up
D)All the above

Question 6

Winding up by special resolution passed by the company is _______

A)Compulsory winding up
B)Winding up
C)Voluntary winding up
D)All the abvoe

Question 7

In case of members voluntary winding up, the liquidation for conducting the winding up proceedings is appointed by ______

A)Central government
B)Company in its general meeting
C)Company Law Board
D)Register

Question 8

The company is dissolved when the Tribunal passes an order of dissolution and the Tribunal shall pass such order _________

A)When the affairs of the company have been completely wound up
B)Immediately after the winding up order
C)At the instance of central government
D)At the instance of company Law Board.

Question 9

A past member can also be placed on the list of contributories of he has ceased to be a member within ____

A)3 years before the commencement of the winding up
B)2 years before the commencement of the winding up
C)18 months before the commencement of the winding up
D)12 months before the commencement of the winding up

Question 10

The name of a defunct company can be resorted to register on an application made to the Tribunal by the company, or any member or a creditor within _______

A)3 years from the dissolution
B)6 years from the dissolution
C)20 years from the dissolution
D)12 years from the dissolution

Question 11

_______ is the first state in which assists realised liabilities are paid off and surplus is distributed.

A)Dissolution
B)Winding up
C)Acquisitions
D)All the above

Question 12

The order of dissolution can be issued only by the company.

A)Tribunal
B)Company Law Board
C)Both A and B
D)None of the above

Question 13

In members voluntary winding up control of winding up in the hands of the ________

A)Creditor
B)Members
C)Company
D)Directors

Question 14

__________ is a process or set of systems and processes to ensure that a company is managed to suit the best interests of all those who are interested in the well being of the company.

A)Governance
B)SEBI
C)Corporate Governance
D)None of the above

Question 15

OECD stands for _______

A)Organization for Economic Control and Development
B)Organization for Economic Corporations and Development
C)Organization for Economic control and Direction
D)Organizations for Export Co-operation and Development

Question 16

The Whistle Blower policy was recommended by _______-

A)Nomination Committee
B)Narasimha Report
C)Board Committees
D)N.R, Narayana Moorthy

Question 17

Which of the following reports included clauses 49 in the listing agreement

A)Narasimham Committee
B)Kumaramangalam Birla Report
C)L.C. Gupta Report
D)None of the above

Question 18

_________ committee suggests that the non-executive directors can play a crucial role in corporate Governance.`

A)Cadbery
B)Ruttemen
C)N.R. Nanayana Moorthy
D)Narasimham Committee

Question 19

An Audit committee may include______

A)Auditor
B)Company Secretary
C)Non executive directors
D)All of the above

Question 20

Audit committee shall meet at least ______ times in a year.

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

Question 21

________ are the true owners of the company

A)Member
B)Investors
C)Directors
D)Shareholders

Question 22

Audit committee shall act in accordance with the terms of reference to be specified by _________

A)Statutory Auditor
B)SEBI
C)Board of Directors
D)Central Government

Question 23

___________ auditors of the company are appointed by the share holders in Annual General Meeting.

A)General
B)Statutory
C)Special
D)None of the above

Question 24

IPOS stands for _______

A)Inviting Public offer
B)Investment public offer
C)Initial public offer
D)Individual public offer

Question 25

The audit committee should meet at least _______ in a year

A)4
B)2
C)3
D)6