Q198. Duties of directors may be divided under two heads which are_________; and Duties of a general nature.
a. Statutory duties
b. general
c. fiduciary
Answer
a. Statutory duties
Q199. Every public company having paid up capital of _________or more shall constitute a committee of the board of directors known as Audit Committee.
a. Rs 5 crore
b. Rs 1 crore
c. None of these
Answer
a. Rs 5 crore
Q200. Where a director acts dishonestly in disregard to the interests of the company, he will be held liable for breach of _________duty.
a. fiduciary
b. public
c. six
Answer
a. fiduciary
Q201. Statutory meeting is required to be held only by a _________company having a share capital.
a. public
b. six
c. statutory
Answer
a. public
Q202. Statutory meeting must be held within a period of not less than one month and not more than _________months from the date at which the company is entitled to commence business.
a. five
b. six
c. None of these
Answer
b. six
Q203. A private company or a public company registered without share capital is under no obligation to hold a _________meeting.
a. statutory
b. same
c. fifteen
Answer
a. statutory
Q204. Statutory meeting may adjourn and the adjourned meeting has the _________powers as the original meeting.
a. same
b. fifteen
c. business
Answer
a. same
Q205. The Annual general meeting must be held in each calendar year and not more than_________months shall elapse between two meetings.
a. fifteen
b. fifty
c. twenty-one
Answer
a. fifteen
Q206. The Annual general meeting must be held on a day which is not a public holiday during _________hours.
a. business
b. twenty-one
c. special or urgent
Answer
a. business
Q207. The company must give _________days notice to all the members of the company and the auditor regarding the annual general meeting.
a. twenty-one
b. special or urgent
c. special
Answer
a. twenty-one
Q208. EGM is convened for transacting some _________business that may arise in between two AGMs.
a. special or urgent
b. special
c. notice
Answer
a. special or urgent
Q209. All business transacted at extra ordinary meetings is called _________business.
a. special
b. notice
c. quorum
Answer
a. special
Q210. Every member of the company is entitled to a _________of every general meeting.
a. notice
b. quorum
c. acclamation
Answer
a. notice
Q211. A number of members of any body sufficient to transact business at a meeting is a_________
a. quorum
b. acclamation
c. motion
Answer
a. quorum
Q212. When persons present in a meeting indicate their approval or disapproval of the motion by clapping of hands, cheering or applause, it is known as voting by_________
a. quorum
b. acclamation
c. motion
Answer
b. acclamation
Q213. The term _________ indicates a proposition made at a meeting by any member.
a. acclamation
b. motion
c. point of order
Answer
b. motion
Q214. A _________deals with the conduct or procedure of the meeting.
a. point of order
b. ordinary
c. Contributory
Answer
a. point of order
Q215. When a motion is passed by simple majority of the members voting at a general meeting, it is said to have been passed by _________.resolution.
a. ordinary
b. Contributory
c. contract of membership
Answer
a. ordinary
Q216. _________means every person liable to contribute to the assets of a company in the event of its being wound up.
a. Contributory
b. contract of membership
c. legal representatives
Answer
a. Contributory
Q217. The liability of a contributory arises by the fact that his name appears in the register of members; and it does not arise as a result of the _________with the company.
a. contract of membership
b. legal representatives
c. special
Answer
a. contract of membership
