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Joint Stock Company Test 9

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Joint Stock Company Test 9
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Tick mark the correct answer.
    The company auditor has a right of access to.
    Solution
    Option D is the correct answer.
  • Question 2
    1 / -0
    As per the Companies Act, what is the maximum number of directors a public company can have?
    Solution
    Option D is the correct answer.
  • Question 3
    1 / -0
    The ______ constitute the top administrative organ of the company.
    Solution
    Option C is the correct answer.
  • Question 4
    1 / -0
    For the purpose of quorum in a general meeting, joint holders of shares are treated as ________________.
    Solution
    Option A is correct.
    Joint shareholders will be regarded as one member for the purpose of quorum: Any joint shareholder present at the meeting will be entitled to exercise his/her voting power and will be counted for the quorum as one shareholder. These representatives have all the rights of members including right to vote by proxies.




  • Question 5
    1 / -0
    A Secretary's duties under the Companies Act are _________________.
    Solution
    A Secretary's duties under the Companies Act are either ministerial or administrative. The company secretary is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented.
  • Question 6
    1 / -0
    Perpetuity and separate legal entity are the two most important distinctive features of
    Solution
    Option C is the correct answer.
  • Question 7
    1 / -0
    A holding company that controls its subsidiaries but is itself a subsidiary controlled by another holding company is known as a/an ______ holding company.
    Solution
    Option D is the correct answer.
  • Question 8
    1 / -0
    How many directors must a company (deemed to be a public company as per Sec.$$43$$A) have?
    Solution
    Option A is the correct answer.
  • Question 9
    1 / -0
    Tick mark the correct answer.
    Physical verification of fixed assets is the primary responsibility of the___________.
    Solution
    Option A is the correct answer.
    Physical verification of fixed assets is the primary responsibility of the auditor.
  • Question 10
    1 / -0
    Conversion of shares of a smaller denomination into shares of a bigger denomination is called
    Solution
    Option A is the correct answer.
    Conversion of shares of a smaller denomination into shares of a bigger denomination is called consolidation.
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