Corporate Laws & Compliance MCQ 5

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 Insolvency and Bankruptcy Code, 2016, does not cover
    • Financial Institutions
    • Insurance Company
    • Mutual Funds & Pension Funds
    • None of the above
    • All 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

For Previous Corporate Laws & Compliance MCQ –https://cmaindiagroup.com/corporate-laws-and-compliance/
https://cmaindiagroup.com/corporate-laws-compliance-mcq-4/
https://cmaindiagroup.com/corporate-laws-compliance-part-three/
https://cmaindiagroup.com/corporate-laws-complianc/
https://cmaindiagroup.com/mcq-financial-accounting-part-3/


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