Please find below Corporate Laws & Compliance MCQ

• The  shall recommend to the Board, the name of an individual auditor or of an audit firm who may replace the incumbent auditor on expiry of the term of such incumbent.
  • Audit Committee
  • Managing Director
  • Nomination Committee
  • Whole time Director

• Under  Companies  Act 2013, the Company  may be wound up by  and Voluntary winding up.
  • Debt Recovery Tribunal
  • National Company Law Tribunal
  • Court
  • Corporate creditor

• Inspectors report under section 223 of Companies Act, 2013 shall be authenticated by
  • the seal, if any, of the company whose affairs have been investigated
  • a certificate of a public officer having the custody of the report
  • Option (A) or (B)
  • Option (A) and (B)

• “Temporary loans” means loans repayable on
  • demand or within six months
  • demand or within three months
  • within one year
  • none of the above

• The books containing the minutes of the proceedings of any general meeting of a company shall be kept at
  • Head Office
  • Central Office
  • Registered office
  • Where the meeting was held

• Sub section (2) of section 173 allows directors to attend Board meetings:
  • in person
  • through video conferencing
  • other audio visual
  • any of the above

• A company may make payment to a managing or whole-time director or manager, but not to  , by way of compensation for loss of office, or as consideration for retirement from office or in connection with such loss or retirement.
  • Any other Director
  • Independent Director
  • Interested Director
  • Employees

•  ……………….means a person to whom an operational debt is owed and includes any person to whom such debt has been legally assigned or transferred.
  • Operational Debtor
  • Operational Creditor
  • Debtor
  • Creditor

• Dispute includes a suit or arbitration proceedings relating to
  • the existence of the amount of debt
  • the quality of goods or service
  • the breach of a representation or warranty
  • All of the above

• Moratorium shall not apply to such transactions as may be notified by the Central Government in consultation with
  • any financial sector regulator
  • Operational Debtor
  • Operational Creditor
  • Board of Directors

• Which of the following are not a types of listing of securities
  • Initial Listing
  • Listing for Public Issue
  • Listing for Sweat equity shares
  • Listing for Merger and amalgamation

• The Chairperson and other Members shall not, for a  period of  from the date on which they cease to hold office, accept any employment in, or be connected with the management or administration of, any enterprise which has been a party to a proceeding before the Commission.
  • three years
  • two years
  • one year
  • six months

•      ……………….means a transaction which alters the assets or liabilities, including contingent liabilities, outside India of persons resident in India or assets or liabilities in India.
  • capital account transaction
  • current account transaction
  • balance of trade transaction
  • none of the above

• Functions of Insurance Regulatory and Development Authority does not include
  • Nomination by Policyholders
  • Practical training for Insurance agents and other intermediaries
  • Promoting insurance business
  • Surrender value of Policyholders

• Key themes relating to business and society emerge out of the Initiatives concerning
  • obligations relating to Corporate Social Responsibility (CSR)
  • recognition of stakeholders interests in corporate governance
  • either (A) or (B)
  • Both (A) and (B)

• High Power Committee does not consist of which of the following members
  • Cabinet Secretary
  • Finance Secretary
  • Vice-President, Government of India
  • Chief Economic Adviser

• Every Company shall hold the first Board meeting within
  • 3 months of its incorporation
  • 30 days of its incorporation
  • 15 days of its incorporation
  • 4 months of its incorporation

• Every Nidhi shall maintain members not less than
  • 500
  • 200
  • 100
  • 50

• Unless the Articles require a larger number of members, Quorum of a General Meeting of a Producer Company shall be
  • 5 members
  • one-third of total membership
  • one-fourth of total membership
  • half of total membership

• Original Books and paper which were seized during Search & Seizure u/s 209 of the Companies Act, 2013 shall be returned by the Registrar or Inspector to the Company from whom such documents are seized as soon as possible but not later than
  • 180 days after such seizure
  • 90 days after such seizure
  • 360 days after such seizure
  • 30 days after such seizure

• Sec 233 of the Companies Act, 2013 prescribed simplified procedures for merger or amalgamation of two or more small company & small company means a company whose paid up capital does not exceed
  • ₹10,00,000
  • ₹25,00,000
  • ₹50,00,000
  • ₹100,00,000

• On the determination of sickness of a company by the Tribunal, the applicant shall make an application accompanied with Audited Financial Statements etc. for revival or rehabilitation within
  • 30 days of determination of sickness
  • 60 days of determination of sickness
  • 120 days of determination of sickness
  • 180 days of determination of sickness

• Companies Act, 2013 contemplated Penalties which are of
  • 10 types
  • 5 types
  • 7 types
  • 3 types

• Any person aggrieved by any order of Appellate Tribunal, may file an appeal to the Hon’ble Supreme Court within days, from the date of receipt of the order of Appellate Tribunal.
  • 30 days
  • 60 days
  • 90 days
  • 120 days

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