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.

21. Statutory auditor of a company in which the Central Government holds 49% and a government company holds 19% of the paid-up share capital of the company, shall be appointed by the
a. Central Government
bMembers of the company in the AGM by passing ordinary resolution
c. Members of the company in the AGM by passing a special resolution
d. By the Comptroller and Auditor General of India.
Ans: d

22. The appointment of a statutory auditor under section 224A is with reference to 25% of
a. Paid-up capital
b. Issued capital
c. Subscribed capital
dOnly equity capital
Ans: c

23. A casual vacancy arising out of resignation of company’s auditor can be filled by
a. Company in general meeting by ordinary resolution
b. Company in general meeting by special resolution
c. Board of Directors
d. Audit committee
Ans: a

24. A High Court has exclusive jurisdiction in respect of the matters covered by
a. Section 211
b. Section 232
c. Section 292A
d. Section 391
Ans: d

25. The number of scrutineers to be appointed by the Chairman of a general meeting is
a. 3
b. 2
c. 1
d. 4
Ans: b

26. A special notice is required for
a. Removal of a member
b. Removal of the Company Secretary
c. Removal of a nominee director
d. None of the above
Ans: d

27. A notice of disclosure of interest at the Board meeting is the requirement of section
a. 295
b. 269
c. 297
d. 299
Ans: d

28. As per the provisions of the Companies Act, 1956, the form of proxy must be deposited with the company at least
a. 24 Hours before the time of AGM
b. 36 Hours before the time of AGM
c. 48 Hours before the time of AGM
d. 72 Hours before the time of AGM
Ans: c

29. In a listed company with 11 directors, what is the quorum for the Board meeting
a. 2 Directors
b. 3 Directors
c. 4 Directors
d. 5 Directors
Ans: c

30. As per the rules framed under section 205A3. relating to use of past reserves for payment of dividend should retain in the reserves an amount not less than–
a. 25% of the paid-up share capital of the company
b. 20% of the paid-up share capital of the company
c. 15% of the paid-up share capital of the company
d. 10% of the paid-up share capital of the company
Ans: c