Deck 6: Statutory Meetings and Agms in Companies

Question 1

________ is a short cut to forfeiture

A)Lien
B)Surrender
C)Right issue
D)None of the above

Answer 1

Surrender

Question 2

No consideration shall be paid by the company in exchange of __________ shares

A)Lien
B)Forfeited
C)Surrender
D)None of the above

Answer 2

Surrender

Question 3

Interest out of capital can be paid only if it is sanctioned by____

A)MOA
B)AOA
C)NCLT
D)C.G

Answer 3

AOA

Question 4

What is the time limit for conducting statutory meeting?

A)1 to 5 months
B)1 to 6 months
C)1 to 9 months
D)None of these

Question 5

Notice of statutory meeting should be given with a period not less than

A)21 clear days
B)14 clear days
C)7 clear days
D)None of these

Question 6

Notice of statutory meeting should be attested by at least.

A)3 directors
B)2 directors.
C)3 directors.
D)None of these

Question 7

The time gap between two AGM's shall not exceed.

A)15 months
B)18 months
C)16 months
D)None of these

Question 8

First AGM must be held within __________ from the incorporation of the company

A)15 months
B)18 months
C)12 months
D)None of these

Question 9

Every AGM must be held with ___________ from the date of the Balance Sheet.

A)4 months
B)6 months
C)9 months
D)None of these

Question 10

First AGM must be held within ____________ from the date of the balance sheet

A)6months
B)9months
C)5months
D)None of these

Question 11

AGM should be held at

A)Company
B)Registered office
C)Corporate office
D)None of these

Question 12

Failure to convene AGM u/s 166 penalty will be

A)50,000+250 per every day
B)75,000+250 per every day
C)1,00,000+250 per every day
D)25,000+250 per every day

Question 13

In case of Public Company the quorum should be

A)5 members
B)7 members
C)2 members
D)None of these

Question 14

In case of private company the quorum should be

A)2 members
B)3 members
C)4 members
D)None of these

Question 15

_______ meeting given an opportunity to the member to know discuss on promotion & formation of the company.

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

Question 16

_________ report is send by the directors to its members.

A)Statutory
B)Audit
C)Annual
D)None of the above

Question 17

In the given below who are not required to hold Statutory General Meeting

A)Private company
B)Government Company
C)Public company
D)Both (a) & (b)

Question 18

In case of Statutory General Meeting receipts & payments are prepared up to _______ days before the date of report

A)3
B)5
C)7
D)9

Question 19

Who should certify that company allotted the shares and cash received in respect there of ______

A)Auditor
B)Director
C)Share holder
D)Members

Question 20

In the given below who are required to hold A.G.M _______

A)Public company
B)Private company
C)Government company
D)All the three

Question 21

The time period for conduction of AGM is extended by ROC for how many months

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

Question 22

_________ opined that ROC could grant extension only when application for extension is made before the expiry of period u/s 166 (1)

A)DCA
B)NCLT
C)Govt
D)Both (b) & (c)

Question 23

Which of the following company can held the AGM on public holiday__________

A)Public company
B)Private company
C)Govt. company
D)Association not for profits

Question 24

_______ may grant exemption to any class of companies with regard to the time & place of AGM.

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

Question 25

In case of failure to convene the AGM fine is upto Rs._________

A)25,000
B)50,000
C)75,000
D)80,000