Deck 15: Corporate Governance and Meeting Procedures

Question 1

The code on corporate Governance published in the year ______

A)2000
B)2004
C)2008
D)2006

Answer 1

2008

Question 2

Which one of the following documents is submitted by the Board of Directors at every AGM ____

A)Balance sheet
B)Profit and Loss Account
C)Both a and b
D)None of the above`

Answer 2

Both a and b

Question 3

The time gab between two Annual General Meeting should not exceed ________

A)6 month
B)12 months
C)8 months
D)15 months

Answer 3

15 months

Question 4

Extra ordinary meeting is a meeting of the ________

A)Member
B)Share holders
C)Directors
D)Both a and b

Question 5

Mention one right that the proxy enjoys during a meeting?

A)Right to attend the meeting
B)Right to poll
C)Right to vote
D)None of these

Question 6

The minutes of the company in case of a Board Meeting shall be signed by _______

A)Director
B)Chairman
C)Managing Director
D)Both a and b

Question 7

The winding up in which a solvency declaration is not made is known as ______-

A)Creditors voluntary winding up
B)Members voluntary winding up
C)Compulsory winding up
D)None of the above

Question 8

4 meeting may be adjourned by _______ circumstances

A)Quorum is not present
B)Lack of information
C)Balance sheet is not present
D)None of the above

Question 9

The listing Agreement was first introduced in India is _______

A)Delhi
B)Hyderabad
C)Bangalore
D)Bombay

Question 10

Expand CEO

A)Comptroller Executive Officer
B)Chief Executive Officer
C)Central Executive Officer
D)None of the above

Question 11

Converting the physical shares into electronic shares is called ______

A)Dematerialisation
B)Rematerialisation
C)Electronic share
D)Computerized method

Question 12

The company agrees that the remuneration of non-executive directors shall be decided by _______

A)Company
B)Shareholders
C)Board of Directors
D)Central Government

Question 13

On a winding up order being made, the company's property comes under the custody of ______

A)Central government
B)Tribunal
C)Shareholders
D)Liquidator

Question 14

A proxy can vote only in case of _______

A)Vote
B)Poll
C)Election
D)None of these

Question 15

Where a director acts dishonestly to the interest of the company. He will be held liable for ________

A)Negligence
B)Malafide acts
C)Ultravires acts
D)Breach of fiduciary duty

Question 16

Shelf Prospectus means a prospectus issued by ______

A)Any trading company
B)Any industrial company
C)Any financial institution or bank
D)None of the above

Question 17

The most important clause in the Memorandum of Association of a company is __________

A)Name clause
B)Objects clause
C)Registered Office clause
D)Liability clause

Question 18

The alteration of the memorandum has to be certified by the Registrar within

A)30 day
B)15 days
C)45 days
D)60 days

Question 19

The charter of a company is its __________

A)Articles of Association
B)Prospectus
C)Memorandum of Association
D)Certificate of incorporation

Question 20

Notice of the registered office of the company shall be given to the Registrar of companies with in ______

A)45 day
B)30 days
C)15 days
D)60 days

Question 21

An act which is to be ultra vires a company is _______

A)Void
B)Valid
C)Both a and b
D)None of the above

Question 22

The statement in lieu of prospectus must be filed with the Registrar at least _____ days before any allotment of shares is made.

A)15
B)30
C)6
D)3

Question 23

Legal position of a promoter of a company is _______

A)That of an agent
B)That of a Trustee
C)In a judiciary capacity
D)That of a solicitor

Question 24

The common seal of the company should have

A)The company's Name
B)The word Corporate seal
C)The place of the company
D)All of the above

Question 25

Shelf prospects relates under Sec. _________

A)16A
B)14 A
C)60 A
D)40 A

Question 26

The doctrine of indoor management provides protection to ______

A)The outsider
B)The Board of Directors
C)The shareholders
D)The Managing Director

Question 27

The exception to the doctrine of constructive notice is provided in ______

A)Lifting the corporate veil
B)Doctrine of indoor management
C)Doctrine of Ultra vires
D)None of the above

Question 28

The procedure to write facts about resolution and its decision is called ______

A)Quorum
B)Notice
C)Minutes of narration
D)None of the above

Question 29

For declaration of dividend no ______ resolution is required

A)Ordinary
B)Special
C)Simple
D)None of the above

Question 30

Voting in a company meeting can be through

A)Ballot
B)Raising hands
C)Raising votes
D)All of these

Question 31

An official liquidator is appointed by the _____

A)Central government
B)By court
C)State government
D)Company