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.
31. The aggregate of the contributions to any political party or for any political purpose to any person by a company in any financial year shall not exceed
a. 2% of its average net profits determined in accordance with the provisions of Section 349 and 350 during the five immediately preceding financial years.
b. 5% of its average net profits determined in accordance with the provisions of Section 349 and 350 during the five immediately preceding financial years.
c. 7.4% of its average net profits determined in accordance with the provisions of Section 349 during the five immediately preceding financial years.
d. 10% of its average net profits determined in accordance with the provisions of Section 349 read with Section 350. The average profit is to be calculated by reference to preceding three financial years.
Ans: b
32. Annual return of a company having share capital is to be filed with the Registrar of Companies in e-form
a. 20A
b. 20B
c. 25A
d. 25B
Ans: b
33. In winding-up by the court, the statement of affairs has to be submitted within
a. 15 days from the date of winding-up order
b. 21 days from the date of winding-up order
c. 30 days from the date of winding-up order
d. 90 days from the date of winding-up order
Ans: b
34. When a default occur under Section 421 and/or 422 in respect of receiver regarding filing of periodic accounts and/or making of reference of statements about the appointment of receiver, he company and every officer in default shall be punishable with
a. A monetary fine which may extend to Rs. 5,000
b. A monetary fine which may extend to Rs. 2,000
c. A monetary fine which may extend to Rs. 5,000 and imprisonment upto 6 months
Ans: b
35. On liquidation of company, the preferential payment in respect of salary or wages is restricted to
a. Rs. 10,000
b. Rs. 20,000
c. Rs. 50,000
d. Rs. 75,000
Ans: b
36. On striking off the name of a company considered defunct, the Registrar of Companies is required to
a. Publish notice thereof in official gazette
b. Inform the State Government
c. Inform the Central Government
d. Inform the Ministry of Corporate Affairs
Ans: a
37. While issuance of notice of inspection of books of account of a company by the inspector is not mandatory it is issued at least
a. 7 days before the intended date of inspection
b. 14 days before the intended date of inspection
c. 21 days before the intended date of inspection
d. 28 days before the intended date of inspection
Ans: b
38. The initial disclosure by a director or officer of a listed company under the SEBI Prohibition of Insider Trading. Regulation, 1992 has to be made within
a. 4 days of the concerned person’s joining the company
b. 7 days of the concerned person’s joining the company
c. 15 days of the concerned person’s joining the company
d. 21 days of the concerned person’s joining the company
Ans: a
39. The New York Stock Exchange requires that in case of companies listed with it, the required minimum number of independent directors on the Board shall be
a. One
b. Two
c. Three
Ans: b
40. Under the UK Companies Act, to qualify as a small company, the concerned company shall have in a financial year
a. A turnover of less than £ 2.5 million with less than 25 employees
b. A turnover of not more than £ 2.8 million with not more than 50 employees
c. A turnover of £ 3 million with less than 100 employees
d. None of the above
Ans: b
