Corporate Laws & Compliance MCQ 5

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MCQ on Corporate Laws & Compliance

Matters not to be dealt with in a meeting through video conferencing or other audio- visual means:
- The approval of annual financial statements
- The approval of the Board’s report
- The approval of the prospectus
- All the above

Cost Records are to be maintained as per Companies Act, 2013:
- U/s 146(1)
- U/s 147(1)
- U/s 148(1)
- None of the above

Types of penalties have been contemplated under the Companies Act, 2013 are of:
- Three types
- Four types
- Five types
- Six types

Minimum Paid-up equity capital for any Health Insurance company to register in India is:
- ₹100 Crore
- ₹200 Crore
- ₹300 Crore
- ₹500 Crore

Strategy to tackle black money under The Prevention of Money Laundering Act, 2002:
- Preventing generation of black money
- Effective detection, investigation & adjudication of black money
- Both the above
- None of the above

SEBI specified Listing pursuant to public issue as:
- Minimum application size ₹1 million
- Number of allottees shall be more than 200
- Both the above
- None of the above

Filing a copy of winding up petition made with the registrar is to be made mandatorily within
- 15 day’s
- 30 day’s
- 45 day’s
- 60 day’s

The Central Govt. may remove from office of the President, Chairperson or any other Member of the National Company Law Tribunal (NCLT) who:
- Has been adjudged an insolvent
- Has been convicted as an offence and which involves moral turpitude
- Has become physically or mentally incapable to act on the same position
- All the above

Export under Foreign Exchange Management Act, 1999 means:
- the taking out of India to a place outside India any goods
- provision of services from India to any person outside India
- both the above
- none of the above

Every listed Public Company shall have ‘Independent Directors’ of at least
- 1/3 rd of the total number of Directors
- 2/3 rd of the total number of Directors
- 1/4 th of the total number of Directors
- 2/4 th of the total number of Directors

Export under Foreign Exchange Management Act, 1999 means:
- the taking out of India to a place outside India any goods
- provision of services from India to any person outside India
- both the above
- none of the above

The Companies Act, 2013 specified ‘Small Shareholder’ as a shareholder holding shares of nominal value of not more than:
- ₹15,000
- ₹20,000
- ₹25,000
- ₹30,000

‘Small Company’ means a Company of which:
- Paid -up-share capital is ₹50 Lakhs to ₹5 Crores
- Turnover is ₹2Crores to ₹20 Crores
- None of the above
- Both the above

Any allotment of securities made on the basis of Prospectus should be void if permission of listing is not granted by the Stock Exchange before expiry of
- 12 weeks from the closure of the issue
- 10 weeks from the closure of the issue
- 8 weeks from the closure of the issue
- 30 days from the closure of the issue

According to The Insolvency and Bankruptcy Code, 2016, corporate insolvency resolution process shall be completed within a period of:
- 365 days from the date of admission of the application to initiate such process
- 270 days from the date of admission of the application to initiate such process
- 180 days from the date of admission of the application to initiate such process
- 90 days from the date of admission of the application to initiate such process

As per SEBI (ICDR) Regulations, 2009 in case of Initial Public Offer /IPO, the minimum Promoters’ contribution should not be:
- less than 15% of the post issue capital
- less than 20% of the post issue capital
- less than 25% of the post issue capital
- less than 30% of the post issue capital

Every Nidhi shall maintain Net Owned Funds (excluding the proceeds of any preference share capital) of not less than
- ₹10,00,000
- ₹15,00,000
- ₹20,00,000
- ₹25,00,000

Rule 3 of the Companies (Appointment and Qualification of Directors) Rules, 2014 provides that companies shall appoint at least one woman director:
- Where paid-up share capital is at least ₹100 crore
- Turnover of the company is at least ₹300 crore
- Both the above
- None of the above

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