COMPANY SECRETARY MCQ

Meaning :- A Company Secretary is the senior position in any public or private organization, placed at the top most level of the organization’s hierarchy i.e. at Management level. The company secretary is responsible for regulating and efficiently managing the financial, legal and statutory requirements.

11. In case of buyback of shares by a listed company, the letter of offer to the shareholders shall be dispatched not earlier than –
a. 10 days from its submission to the SEBI in draft form
b. 15 days from its submission to the SEBI in draft form
c. 21 days from its submission to the SEBI in draft form
d. 30 days from its submission to the SEBI in draft form
Ans: c

12. The majority required in a shareholders’ meeting to approve a scheme of arrangement is simple majority of shareholders holding at least
a. 3/4th in value of the shares
b. 2/3rd in value of the shares
c. 9/10th in value of the shares
Ans: a

13. The audit committee of a listed company shall meet at least –
a. 3 times in a year
b. 4 times in a year
c. 5 times in a year
d. 6 times in a year
Ans: b

14. Non-executive directors of a public company may get remuneration on quarterly basis if such basis of payment is approved by/under –
a. Articles of association of the company
b. General meeting of the company
c. Central Government
d. Schedule XIII of the Companies Act, 1956
Ans: c

15. As per Companies Act, 1956, the maximum number of directors a private limited company which is subsidiary of a public company, can have without approval of the Central Government is –
a. 10
b. 11
c. 12
d. 13
Ans: c

16. A director appointed by the Board to hold the office until the conclusion of next annual general meeting is known as –
a. Additional director
b. Alternate director
c. Nominee director
d. Director retiring by rotation
Ans: a

17. The minimum number of directors of the audit committee in the case of a listed company with 12 directors shall be –
a. 2 Directors
b. 3 Directors
c. 4 Directors
d. 5 Directors
Ans: b

18. The maximum age limit for directors in case of private companies is
a. 65 years
b. 20 years
c. 75 years
d. None of the above
Ans: d

19. A member of the ICSI in practice shall be deemed to be guilty of professional misconduct if he issues compliance certificates/ signs annual return in aggregate in a calendar year for more than
a. 20 Companies
b. 50 Companies
c. 80 Companies
d. 100 Companies
Ans: c

20. A person who is Company Secretary and director of a company is –
a. Employee director
b. Non-executive director
c. Executive director
d. Independent director
Ans: c