Independent Director MCQ

Exam Oriented Pocket Friendly Mcq Questions - Free MCQ

Question:. 1 #rq-1
Which of the following is not the function of NFRA
Lay Down accounting and Auditing standards
Monitor Compliance of accounting and auditing standards
Create capacities amongst professionals
Oversee quality of service of the profession

Question:. 2 #rq-2
What is the time limit for delivery of Certificates of Debentures in case of allottment of debentures
with in one month from the date of allottment
with in two months from the date of allottment
with in six months from the date of allottment
with in three months from the date of allottment

Question:. 3 #rq-3
A person can act as proxy on behalf of members _______ and holding in the aggregate not more than ten percent of the total share capital of the company carrying voting rights:
not exceeding 25
not exceeding 50
not exceeding 75
not exceeding 100

Question:. 4 #rq-4
Can the liablity of debentures Trustees be curtailed
yes if by more than 50% of debentureholders agrees at the meetng
yes if 2/3 rd majority of debentureholders agrees at the meetng
yes if 3/4 thmajority of debentureholders agrees at the meetng
it is not possible

Question:. 5 #rq-5
Identify the amount which is considered as Deposit as per provisions of Companies Act, 2013
Unsecured Loan from public
Advance against supply
Earnest money for sale of property
Security Deposit against renting office space

Question:. 6 #rq-6
What happens if no auditor is appointed or re-appointed at any annual general meeting ?
The existing auditor shall not continue to be the auditor of the company
The existing auditor shall continue to be the auditor of the company
Later on Board can appoint the auditor
CMD can appoint the auditor at later date

Question:. 7 #rq-7
Deemed prospectus is
any document inviting public to subscribe to shares
Prospectus issued by Private Company
Prospectus issued by unlisted company to its existing shareholders
None of the Above

Question:. 8 #rq-8
As per sec 2(77) of Companies Act ,the following are Relative
They are husband and wife
One person is related to other as Mother or Father including step mother or step Father
One person is related to other as Brother or Sister including step Brother or step Sister
One person is related to other as Grandfather and Grandson

Question:. 9 #rq-9
Fast Track route for Merger can be exercised by following types of Companies
Small Companies under section 2(85) of Companies Act,2013
Holding and Subsidiary Companies
Companies having share capital of less than 10 Crores
Company acquiring Partnership firm

Question:. 10 #rq-10
A director cannot be expected
to involve in day to day activities of company
to ensure truthfulness of prospectus
company business is not to defraud the creditors
to be conversant with the provisions of Companies Act,2013

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