Q178. The issue of bonus shares is regulated not only by the Companies Act, 1956 but also by the guidelines issued by_________
a. SEBI
b. RBI
c. SBI
Answer
a. SEBI
Q179. The Companies Act, 1956 does not stipulate any conditions or restrictions regarding the issue of shares by a company at a_________
a. premium
b. preference, equity
c. reduction
Answer
a. premium
Q180. A public company and its subsidiary can issue only two kinds of shares which are _________and_________
a. preference, equity
b. reduction, induction
c. None of these
Answer
a. preference, equity
Q181. Sections 100-105 provide for the _________of share capital.
a. reduction
b. articles
c. private
Answer
a. reduction
Q182. Section 94 provides that, if the _________authorise, a company limited by share capital may, by an ordinary resolution passed in general meeting, alter the conditions of its memorandum in regard to capita.
a. articles
b. private
c. None of these
Answer
a. articles
Q183. A _________company limited by shares is prohibited by the Act and the Articles from inviting the public for subscription of shares or debentures
a. private
b. By an offer for sale
c. private placement
Answer
a. private
Q184. Under _________arrangement, the company allots or agrees to allot shares or debentures at a price to a financial institution or an Issue-house for sale to the public.
a. By an offer for sale
b. private placement
c. three
Answer
a. By an offer for sale
Q185. As per the guidelines issued by SEBI in June, 1992, _________of shares should not be made by subscription of shares from unrelated investors through any kind of market intermediaries.
a. private placement
b. incharge
c. ordinary resolution
Answer
a. private placement
Q186. Every public company must have at least _________directors.
a. three
b. two
c. one
Answer
a. three
Q187. A company in general meetings may, by_________, increase or reduce the number of its directors within the limits fixed in that behalf by its articles.
a. ordinary resolution
b. twenty
c. Central Government
Answer
a. ordinary resolution
Q188. A person cannot hold office at the same time as a director in more than_________companies
a. twenty
b. Central Government
c. incharge
Answer
a. twenty
Q189. A person cannot be appointed as managing director of more than two companies unless so permitted by the_________
a. Central Government
b. incharge
c. disqualifications
Answer
a. Central Government
Q190. In order to be called a manager in accordance with the Act, an individual must be_________of the whole or substantially the whole of the business of the company.
a. incharge
b. disqualifications
c. None of these
Answer
a. incharge
Q191. Section 385 lays down the _________of a Manager.
a. disqualifications
b. qualifications
c. None of these
Answer
a. disqualifications
Q192. The total managerial remuneration payable by a public company or a private company which to its directors or manager in respect of any financial year must not exceed _________of the net profit.
a. 11 per cent
b. 1 per cent
c. 15 per cent
Answer
a. 11 per cent
Q193. Section 318 provides that no compensation for loss of office may be paid by a company to any director other than the_________, or wholetime director, or a director holding the office of manager.
a. managing director
b. remuneration
c. company
Answer
a. managing director
Q194. Explanation to s.198 describes the term_________
a. remuneration
b. company
c. Companies Act
Answer
a. remuneration
Q195. The Board may exercise all powers of the company and can do all such acts and things that the _________ can do.
a. company
b. Companies Act
c. general
Answer
a. company
Q196. The exercise of powers of the Board shall be in conformity with the provisions of the _________or any other Act and Memorandum, Articles and resolutions of the company in general meetings.
a. Companies Act
b. general
c. Statutory duties
Answer
a. Companies Act
Q197. Section 291 provides for _________powers of the Board of directors
a. general
b. Statutory duties
c. ultimate
Answer
a. general
