The concept of independent directors at the boards of companies are getting wide acceptance and momentum. This has happened due to the wholehearted acceptance and implementation of various rules and regulations in the concept. Rule 6 of the Companies ( Appointment and Qualifications of Directors ) Rules 2020 Dated 28.09.2020 speaks about the requirements for…
1. In case of Listed Company or a company who propose to get its securities listed, issue shall be governed by the Companies Act, 2013 as well as provision of SEBI Act, 1992. True or False. a. True b. False c. Partly True d. Partly False 2. Can issue of Prospectus compulsory for a company?…
1. Section 23 of the Companies Act, 2013 deals with the ways a Public company can issue its securities namely……….. a. To public through Prospectus(IPO and FPO) b. Private Placement c. By right or bonus issue d. All of the above 2. M/s PQR Ltd., is a Public Limited company desires to issue its securities. States…
1. States the non-applicability of Section 26 of the companies Act, 2013 a. Not applicable to existing shareholders or debentures b. is not applicable to issue of shares or debentures of similar nature which are already issue by the company c. Both a and b d. None of the above 2.States the procedure of alteration…
1. Mr. Xavier age 17 years) is an Indian citizen and he also resident in India more than 182 days, does he shall be a nominee for the sole member of a One Person Company? a. Yes b. No c. Partly Yes d. Partly No 2. One Person Company cannot be converted into ———— company.…
1. A person shall be eligible to incorporate One Person Company, if he is…………… a. Only natural person who is an Indian citizen b. Resident in India more than 182 days during the immediately preceding one calendar year. c. Not Minor d. Any of the above 2. Mr. Rajan is an Indian citizen and he…
1. A gifts a piece of land to B, a gift deed is made and the possession of the gift deed and the property is transferred to B. B delays the registration of the deed and in the meantime A dies. The heirs of A: A. Can claim the piece of land as valid gift…
1. Mr. H wants to incorporate One Person Company individually. Can he do so? a. Yes b. No c. Central Government permission required d. Registrar of Companies permission needed Ans A 2. Mr. cyber is a truck driver formed company for testing trucks. The name of the company is Sharp Ltd. Mr. Cyber was also an…
Property of the Company belongs to ————. a. Company b. Shareholders c. Members d. Promoters ANS. a 2. Mr. B, shareholder of A Ltd. used the property of the Company for his personal use, he did not enter into any contract with the Company for such sale, whether the shareholder of the Company can use…
Postal Ballot System Postal voting is a system of voting in an election where ballot papers are distributed to electors or voters (and typically returned) by post, in contrast to electors voting in person at a polling station or electronically via an electronic voting system. Through this facility, a voter can cast her vote remotely…
