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An OPC with 1 director shall be required to hold a first Board meeting u/s 173(1)
A small company shall be required to hold a first board meeting u/s 173(1):
In a 3-person Board, with Mr. X, Mr. Y, Miss Z as the Directors, 3 resolutions were to be passed, but following directors were interested therein:Resolution interested DirectorsI Mr .XIi Mr Y& Miss Ziii Miss Zon which resolution the Board doesn’t hold a quorum
A meeting is convened on 19th of January, due to lack of quorum it stands postponed to which of the following days?
Mr.B. Director of B Ltd is also the sole proprietor of Alpha Traders who are the leading supplier of raw material to Supersonic Traders. Supersonic is expecting to receive an order from B .Ltd. The BM convened to grant this order has Mr. B present thereat. Is he an interested Director?
First Board Meeting: Every company shall hold the first meeting of board of Directors within —– days of the date of incorporation.
Sec 173 allows directors to attend Board meetings———.
Every company shall hold minimum of ——- meetings every year provided that the gap between two consecutive board meetings shall not be more than——–
Notice for meeting shall be sent to —– directors.
The Notice may be sent by——-
The draft minutes of the meeting shall be circulated among all the directors within—– days of the meeting either in writing or in electronic mode as may be decided by the Board.
According to sec 173[3], every board meeting shall be called by giving at least—–days in writing to the directors at their registered address.
The —– shall take due and reasonable care to ensure that no person other than the concern directors are attending or have access to the proceedings of meetings through video conferencing mode or other audiovisual means.
The directors who participate by video conferencing or by other audiovisual means shall also be counted for the purpose of determining the quorum at the meeting
One Person Company in which only one Director on its board of directors shall also be required to hold at least one board meeting in each of a calendar year.
The provisions of section 174 mutatis mutandis on One Person company in which there is only one director on its board of directors.
Mr. Anand went on Bangkok tour and appointed proxy in his absence. Ms. Amrutha other director claimed that a director cannot appoint proxy .is contention of Ms. Amrutha valid as per provisions of companies Act?
A Secretary has —— to call a board meeting on his own.
Audit Committee shall be Constituted by following:
The Responsibilities of audit committee are:
For Section 8 companies, the Audit Committee shall consist of minimum of 3 directors with independent directors not necessarily forming a majority.
The Companies which have borrowed money from banks and public financial institution in excess of rupees shall constitute Vigil Mechanism.
Nomination & Remuneration Committee shall be formed by:
Board of directors of a company which consists of more than 1000 at any time during a financial year shall constitute a Relationship Committee.
According to sec 177(2), the Audit Committee shall consist a minimum of —— directors with independent director forming a majority.
Is the Composition of the Audit Committee mandatorily be disclosed in Board s report.
Every Audit committee shall acts in accordance with the term of reference specified in writing by the board which shall, include—–.
Vigil mechanism shall be performed in the —— Company’s.
A Vigil mechanism shall be formed for—— to report genuine concern in such a manner as may be prescribed.
The companies which are required to constitute an audit committee shall oversee the vigil mechanism through the committee.
The Nomination and Remuneration committee shall consist of——–.
The Stakeholders Relationship Committed shall considers and resolve the grievances of the —–of the company.
For Buy Back of more than 10% of capital, is required
For the purpose of sec 178 unlisted companies exclude
Chairperson of Stakeholders relationship committee should be a
Contract or Arrangement shall required prior approval of s members by ——-if the limit u/s 188 is exceed
Every director shall disclose his interest in companies during—–
Directors can enter into Non-Cash transactions with the company and vice-versa only if it is
Section 189 shall apply to section 8 company only if transaction value exceeds——-
Loans/ advances made by company to their employees, other than MD or WTD are not governed by sec 186.