ICMAP – Company Act Quiz # 3

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ICMAP – M6 – CORPORATE GOVERNANCE, BUSINESS LAWS & ETHICS (CGBLE) – Company Act Quiz # 3

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ICMAP – M6 – CORPORATE GOVERNANCE, BUSINESS LAWS & ETHICS (CGBLE) – Company Act Quiz # 3

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A meeting of the Board of Directors must be held at least once in.

Each month

) Every two months.

Every three months.

Every four months.

Correct! Wrong!

Quorum for general meeting for private and public companies.

2 and 5.

3 and 6.

5 and 7

None of these.

Correct! Wrong!

A special resolution is passed by.

Simple majority.

2/3 majority.

3/4 majority.

None of these

Correct! Wrong!

Minutes of company meeting should be prepared within.

21 days of the meeting.

30 days of the meeting.

40 days of the meeting.

45 days of the meeting

Correct! Wrong!

Statutory meeting need to be held by.

A public company limited by guarantee and having a share capital.

A public company having liability of its members unlimited.

A Government company.

A public company not having share capital

Correct! Wrong!

Quorum for a Board meeting is.

1/3 of total number of directors or 2 directors, whichever is higher.

½ of total number of directors or 3 directors whichever is higher

½ of total number of director or 3 directors whichever is lower.

None of the above

Correct! Wrong!

The minutes book can be inspected by the.

Shareholders free of charge

Debenture holders on payment.

Any one on payment.

None of the above.

Correct! Wrong!

When can an annual General Meeting be called giving shorter notice than that specified?

If consent is accorded to by all the members entitled to vote.

if consent is accorded to by 30% of the members entitled to vote.

If Board of Directors takes a majority decision in this regard.

If the company Secretary so wishes

Correct! Wrong!

For general meeting of any kind (statutory, Annual or Extraordinary) at least ………….. Notice must be given to members.

21 days

22 days.

23 days.

25 days.

Correct! Wrong!

The interval between two annual general meetings should not be more than.

12 months.

15 months.

18 months.

20 months.

Correct! Wrong!

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ICMAP – Company Act Quiz # 3

ICMAP – M6 – CORPORATE GOVERNANCE, BUSINESS LAWS & ETHICS (CGBLE) – Company Act Quiz # 3