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Section 173(2) of the companies Act allows the directors of a company to attend Board meetings in the following manner except?
The ____ of the meeting and the ____, if any, shall take due and reasonable care to safeguard the integrity of the meeting by ensuring sufficient security and identification procedures
Notice for Board meeting shall not be sent to which of the following director?
At the commencement of the Board meeting, a roll call shall be taken by the _____
The quorum for a Board Meeting shall be ____ of its total strength or ____ , whichever is higher.
As per Section 8 for every company the quorum shall be either ____ members or ___ of its total strength whichever is lower
There are 9 directors in a company and out of which 2 offices of the directors have fallen vacant.Quorum shall be ___
A company shall not be required to constitute such Audit Committee if it ceases to fulfill any of the three conditions relating to paid-up share capital or turnover or outstanding loans, etc. for _____
Audit Committee shall consist of a ____ with independent directors forming a majority
The Board’s report under Section 134 (3) ___ disclose the composition of an Audit Committee.
Omnibus approval shall be valid for a period not exceeding ____ and shall require fresh approval after the expiry of such financial year.
The ____ of a company and the ____ shall have a right to be heard in the meetings of the Audit Committee when it considers the auditor’s report but shall not have the right to vote.
Vigil mechanism shall be formed by:
The NRC shall consist of ____out of which not less than one-half shall be independent directors.
Stakeholders Relationship Committee shall be headed by a _____ who shall be a ____.
Which of the following powers of the Board can be delegated by Board of Directors
a) to make calls on shareholders
b) to authorise buy-back of securities
c) to issue securities
d) to borrow monies
e) to invest the funds of the company
f) to grant loans or give guarantee or provide security
The Board of Directors of Very Well Ltd., is contributing every year to a charitable organization a sum of Rs. 60, 000. In a particular year, the company suffered losses and the directors are contemplating to contribute the said amount in spite of the losses. In this connection, state whether the directors can do so?
Which Companies are not allowed to make contributions to political parties?
If a company makes any contribution in contravention of the provisions of Section 182, the Company shall be punishable with fine ____ the amount of contribution
Contribution to the National Defence Fund or any other Fund approved by the Central Government for the purpose of national defence can be made _____
Disclosure of Interest By Director shall be in Form
Disclosure by interested director shall not apply to any contract or arrangement entered into or to be entered into between two companies where any of the directors of the either company or two or more of them together holds or hold not ______of the paid-up share capital in the other company
The provision regarding conducting of four Board meetings every year is not applicable to
A Board resolution cannot be passed by circulation when at least ____ of the total members require it to be decided at a meeting of the Board.
A Board meeting needs to be called, by giving notice in writing for at least _____ days prior and sent to all the directors at their addresses registered with the company.
SK Limited was incorporated on 25th June, 2018. When can it make political contributions?
A company having minimum turnover of Rs ______crores is required to constitute a Nomination and Remuneration Committee.
Where at any time the number of interested directors exceeds or is equal to _____ of the total strength of the Board of Directors, the quorum shall be the number of noninterested directors who are present at the meeting and not less than two
Every company shall, from the date of its incorporation maintain a register in Form ____ and enter the particulars of loans and guarantees given, securities provided and acquisitions made.
The entries in the register shall be made chronologically in respect of each such transaction as provided under section 186 within how many days of making loan or giving guarantee or providing security or making acquisition
All investments made or held by a company in ___ Shall be made and held by it in its own.
Related party with reference to a company means a ____ in which a director or manager is a director and holds along with his relatives, ____ of its paid-up share capital;
In case of a company where minimum _____ per cent members (in number) are relatives of promoters or are related parties, they are not precluded from voting on a resolution for approving any related party transaction.
A company is not permitted to make investment through more than how many layer(s) of investment companies
The Board of Directors can exercise its powers by means of resolution, passed at a meeting only and by no other means, to transact which of the following businesses.
Out of the total strength of six directors of SK Ltd, five are attending a Board meeting to consider the investment of funds of the company. The resolution relating to investment shall be taken as passed in which of the following cases:
If a company enters into a transaction with a related party in the ordinary course of business on an arm’s length basis, which authority specifically needs to approve such transaction.
Which of the following points is not related to omnibus approval to be made by an Audit Committee:
(a) Audit Committee shall consider repetitiveness of the transactions (in past or in future;
(b) The indicative base price or current contracted price and the formula for variation in the price,
(c) Omnibus approval shall be valid for a period not exceeding two financial years and shall require fresh
approval after the expiry of such financial year.
(d) Omnibus approval shall be made for transactions in respect of selling or disposing of the undertaking of the company.
Krishna Sweets Private Limited was incorporated on 5th November, 2022 with an authorised capital of Rs. 10.00 lacs. Advise regarding the latest date by which the first meeting of the Board of Directors is required to take place.
Jupiter Shopping Mall Limited was incorporated on 3rd December, 2020. As on 31st March 2022, it had free reserves of Rs. 50.00 lacs and its Securities Premium Account showed a balance of Rs. 7.50 lacs. One of its directors Raha has a leaning towards a particular political party in which his other family members are actively involved. Raha convinced the other two directors of the company i.e. Promila and Rana to contribute a sum of Rs. 10.00 lacs to this political party. Accordingly, the Board of Directors held a meeting on 16th December, 2022 and passed a resolution to contribute the decided amount. Advise the company as to how much amount they can contribute to a political party in the FY 2022-23.
In order to make Robotics Toys Private Limited as its subsidiary, Golden Rays Robots Limited raised its investment in Robotics Toys from 40% to 60% of its paid-up capital. From the options given below, choose the one which correctly indicates as to when the Robotics Toys shall be considered the undertaking of Golden Rays Robots Limited.
In case of Tropicana Limited, necessary arrangements are in place for conducting of Board Meetings through the means of video conferencing, a facility which Vaibhav and Yukta, the two directors out of six intend to utilize by participating in such meetings through it. During which part of the year they should intimate the company about their participation in Board Meetings through video conferencing?
Company shall hold _____ of its Board in each ____
The particulars of the company or companies or bodies corporate in which a director himself together with any other director holds ______ of the paid-up share capital would not be required to be entered in the register.
Section 189(1) shall not apply to any contract or arrangement i.e. the particulars of a contract or arrangement shall not be entered in the Register if it is for the sale, purchase or supply of any goods, materials or services and the value of such goods and materials or the cost of such services does not exceed ______ in the aggregate in any year; or
In respect of a _____ which has not committed a default in filing its financial statements or Annual Return with the Registrar, the provisions of Section 189 shall apply only if the transaction with reference to Section 188 on the basis of terms and conditions of the contract or arrangement exceeds _____.
where a contract of service with a managing or whole-time director is not in writing, a copy of the ____ shall be kept at its regostered office.
Rameshwaram Pvt. Ltd. was incorporated on January 12, 2022. The company needs to pass a resolution for the purchase of raw material. The copy of the resolution along with all the necessary documents were circulated to all the Directors. The company has 10 Directors Mr. Ram, Mr. Kamal, Mr.
Raj, Mr. Firoz, Mrs. Nupur, Mr. Bharat, Mr. Vinod, Mrs. Rekha, Mr. Kapoor and Mr. Jeevan. Mr. Raj and Mr. Ram were abroad at the time of passing there solution. Mr. Ram, Mr. Raj, Mrs. Nupur and Mr. Kamal took objection before the chairman against the passing of the resolution and want to discuss it further in the meeting. Find out the correct statement?
Mr. P and Mr. Q who are the directors of C-Tech Limited informed the company about their inability to attend the Board meeting because the notice thereof was not served on them. Is there any default on the part of C-Tech Limited.
To Whom notice of a Board Meeting is required to be sent to the following persons:
(i) An interested Director;
(ii) A Director who has expressed his inability to attend a particular Board Meeting;
(iii) A Director who has gone abroad (for less than 3 months).
Following data relates to Prince Company Limited:
Authorised Capital (Equity Shares) Rs. 100 crores
Paid – up Share Capital Rs. 40 crores
General Reserves Rs. 20 crores
Debenture Redemption Reserve Rs. 10 crores
Provision for Taxation Rs. 5 crores
Securities premium Rs. 2 crores
Loan (Long Term) Rs. 10 crores
Short Term Creditors Rs. 3 crores
What is the Maximum Amount the Board of Directors of Prince Company Limited can borrow, without obtaining approval of the shareholders.
Following data relates to Prince Company Limited:
Authorised Capital (Equity Shares) Rs. 100 crores
Paid – up Share Capital Rs. 40 crores
General Reserves Rs. 20 crores
Debenture Redemption Reserve Rs. 10 crores
Provision for Taxation Rs. 5 crores
Securities premium Rs. 2 crores
Loan (Long Term) Rs. 10 crores
Short Term Creditors Rs. 3 crores
What is the further Amount the Board of Directors of Prince Company Limited can borrow, without obtaining approval of the shareholders.
What is the maximum contributions to be made to charitable fund.
Net Profit for the Preceding three year (as calculated in accordance with the provisions of the Companies Act, 2013)
Rs. 12,50,000
Rs. 19,00,000
Rs. 34,50,000
One Person Company, small company, dormant company and a private company (if such private company is a start-up) shall be deemed to have complied with the provisions of this section if at least one meeting of the Board of Directors has been conducted in ______.