Question 1

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

Accepted Answer

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

Question 2

Every business transacted at an EGM is a _________ business

Accepted Answer

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

Question 3

A company not declare dividend at.

Accepted Answer

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

Question 4

Notice of Adjourn meeting is not required of a meeting is

Accepted Answer

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

Question 5

A special resolution is passed with

Accepted Answer

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

Question 6

Qualification shares for a director are provided in the ________

Accepted Answer

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

Question 7

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

Accepted Answer

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 8

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

Accepted Answer

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

Question 9

Proxy need not be a ____ of the company

Accepted Answer

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

Question 10

Official liquidators are appointed from the panel of _______

Accepted Answer

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

Question 11

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

Accepted Answer

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

Question 12

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

Accepted Answer

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

Question 13

Directors are __________ of the company

Accepted Answer

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

Question 14

Majority rule is not applicable when

Accepted Answer

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 15

Voting right can't be exercised in case of _________

Accepted Answer

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

Question 16

A proxy must bear revenue stamp worth.

Accepted Answer

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

Question 17

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

Accepted Answer

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

Question 18

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

Accepted Answer

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

Question 19

An official liquidator is appointed by the _____

Accepted Answer

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

Question 20

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

Accepted Answer

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

Exam 7: Meeting Procedures and Regulations in a Company