Deck 7: Meeting Procedures and Regulations in a Company

Question 1

In case of continuing default to convene the AGM fine is Rs. _______ for every day.

A)250
B)300
C)350
D)400

Answer 1

250

Question 2

The resolution passed at AGM are _______

A)Valid
B)Void
C)Voidable
D)Void abinitio

Answer 2

Valid

Question 3

Every business transacted at an EGM is a _________ business

A)Ordinary
B)Special
C)Both (a) & (b)
D)None of the above

Answer 3

Special

Question 4

Majority rule is not applicable when

A)The act done is illegal
B)The act done is ultra vires the company.
C)The act done constitutes a fraud
D)all the above

Question 5

A cost auditor makes his report to:

A)Members of company
B)Directors of company.
C)Registrar
D)C. G.

Question 6

A company not declare dividend at.

A)Statutory meeting
B)Annual general meeting
C)Extra ordinary G.M
D)None of the above

Question 7

If as a person is present in more than 1 capacity his presence will be counted as _____

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

Question 8

In the absence of a quorum the proceedings of the meeting will be _________

A)Valid
B)Void
C)Voidable
D)None of the above

Question 9

If quorum is not present with in _________ time the meeting is stand dissolved.

A)½ Hr.
B)1 Hr.
C)1 ½ Hr
D)2 Hr.

Question 10

_________ Order to call a EGM even though 1 member present in person or by proxy.

A)ROC
B)C.G.
C)NCLT
D)D.C.A

Question 11

________ can vote at the meeting even though not a member.

A)Body corporate
B)President
C)Governor
D)All the above

Question 12

Voting right can't be exercised in case of _________

A)Calls in advance
B)Calls in arrears
C)Both a & b
D)None of the above

Question 13

Proxy need not be a ____ of the company

A)Shareholders
B)Members
C)Both a and b
D)None of the above

Question 14

________ is the official recording of the proceedings of a meeting

A)Quorum
B)Minutes
C)Both a & b
D)None of the above

Question 15

Minutes should be recorded within _________ days from the date of conclusion of every meeting

A)10
B)20
C)30
D)40

Question 16

Loose - leaf minutes to be bound into books at regular intervals of _________ months

A)6
B)7
C)8
D)9

Question 17

Within ______weeks requisition requiring circulation of a resolution may be deposited with ROC.

A)3
B)6
C)9
D)12

Question 18

Qualification shares for a director are provided in the ________

A)Company Act
B)MOA
C)AOA
D)Contract b/w Company & Directors

Question 19

Directors are __________ of the company

A)Employees
B)Employers
C)Both a & b
D)None of the above

Question 20

A special resolution is passed with

A)Simple majority
B)60% majority of members present
C)75%
D)None of the above

Question 21

Which of the following meeting can be held more than once in a calendar year?

A)E.G.M
B)S.G.M
C)A.G.M
D)None of the above

Question 22

In which one or more of the following company a member does not have a right to appoint proxy:

A)Public company having share capital
B)Public company not having share capital
C)Private company not having a share capital
D)None of the above

Question 23

A proxy must bear revenue stamp worth.

A)30 paise
B)15 paise
C)45 paise
D)50 paise

Question 24

In which one of the following cases an ordinary resolution may be passed _________

A)Commencement of a new business
B)alteration of articles
C)Compulsory winding up of the company
D)none of the above

Question 25

Notice of Adjourn meeting is not required of a meeting is

A)Adjourn for want of quorum
B)Adjourn sine die
C)Adjourn for more than 30 days
D)None

Question 26

An official liquidator is appointed by the _____

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

Question 27

Official liquidators are appointed from the panel of _______

A)Professional firm of Chartered Accountant
B)Advocate
C)Company Secretaries
D)All of the above

Question 28

As per Sec. 439 who can file a petition to the Tribunal for winding up? _____

A)The Registrar
B)Company
C)Contributory
D)Any one of these