MCQ Portal

(i) In terms of section 123(4), the amount of the dividend including interim dividend shall be deposited in a scheduled bank in a separate account within date of declaration of such dividend. How many days from the declaration?

Five Six Seven Ten

(ii) Where a company changes the place of its registered office from the Jurisdiction of one Registrar to the Jurisdiction of another Registrar within the same state, such change is to be confirmed by which official on an application made by the company?

Director Managing Director Regional Director Deputy Director

(iii) Consolidated financial statements shall be sent in not less than 21 days before the date of meeting. They may be sent less than 21 days before, if shareholders with voting rights represent what percentage?

75% 80% 90% 95%

(iv) The forcible taking of property by a Government or Enforcement official from a person suspected of violating the law is known as?

Inspection Investigation Search Seizure

(v) In which case should the minimum contribution not be less than 20% of the post-issue capital?

An initial public offer Further public offer A composite issue Fresh public offer

(vi) Banking Companies incorporated in India are obligated to transfer to the reserve fund a sum equivalent to not less than what percentage of the profit each year, unless the amount in such fund together with the amount in the share premium account is more than or equal to its paid-up capital?

5% 10% 20% 25%

(vii) Under which principle of insurance does a promise exist whereby the assured undertakes that something particular shall or shall not be done, or affirms or negatives the existence of a particular state of facts?

Good faith Warranty Conditions Indemnity

(viii) Banks pay dividends after taking specific approval of whom?

The Reserve Bank of India The Central Government Board of Directors Chairman of the meeting

(ix) It is a public-private partnership project to provide a single window, self-sustainable e-Governance solution with regard to handling of grievances, land record maintenance, and providing a mixture of essential services. This project is known as?

Bhomi Project in Karnataka Lokvani Project in UP E-Seva in Andhra Pradesh E-Mitra Project in Rajasthan

(x) The quality of something which enables one to understand the truth easily, in the context of Corporate Governance, implies an accurate, adequate, and timely disclosure of relevant information about the operating results. This principle of Corporate Governance is known as?

Accountability Transparency Independence Fairness

(xi) Abuse of dominant market position impedes fair competition between firms, exploits consumers, and makes it difficult for other players to compete with the dominant undertaking on merit. Which of the following does NOT include abuse of dominance?

Predatory pricing Creating barriers to entry Agreement to fix prices Imposing unfair conditions or price

Question No. (xii to xv): PQR limited has on its Board four directors A, B, C and D. In addition, the Company has Mr. E as the managing director. The Company also has a full time company secretary Mr. F on its rolls. The financial statements of the company, i.e., Balance Sheet and Statement of Profit & Loss and the Board's Report for the year ended 31st March, 2023 were authenticated by two of the directors, Mr. B and C under their signatures, referring to the provision of the Companies Act, 2013. Examine the validity of the authentication of the Balance Sheet and Statement of Profit & Loss and Board's Report.

(xii) In case of a one-person company, financial statements should be authenticated by?

Three directors only Two directors only One director only Four directors only

(xiii) In other cases, financial statements should be authenticated by at least?

The Chairman of the company The Chief Financial Officer of the company, wherever appointed The Chief Account Officer, if they are a director The Chartered Accountant, if appointed

(xiv) If there is no chairman of the board, the financial statements should have been signed by?

Any one director out of four directors A, B, C, and D Mr. E (the managing director) Mr. F (the company secretary) All of them

(xv) The Board's Report should have been signed by?

Auditor Any one director out of four directors A, B, C, and D Shareholder Manager

Dec 23 law Paper