Get Advice on Live Video Call
Earn $ Cash $ with
consultations on Bissoy App

Which of the following statements are true in context of a company under Company Act, 2013?<br>1. A company can become a member of another company<br>2. Member's voluntary winding up takes place when the company is insolvent<br>3. Only board of director can convene Extraordinary General Meeting

Correct Answer: 1, 2 and 3

Which of the following statements are true in context of a company under Company Act, 2013?
1. The shareholders of a company can appoint Board of Directors.
2. The Board of Directors is the proper authority to convene Annual General Meeting.
3. The gap between two annual general meetings must not be more than fifteen months.

The process of voluntary winding up of solvent company is now shifted from the Companies Act, 2013 to Insolvency and Bankruptcy Code, 2016 with effect from 1st April, 2017. Which of the following differences apply?
1. Shifting of Powers from Official Liquidator to Insolvency Professional.
2. Jurisdictional Authority has been shifted from High Court to National Company Law Tribunal.
3. Governing sections, rules and regulations for Voluntary Winding has now shifted to Section 59 of the Insolvency and Bankruptcy Code, 2016.
4. Timeline for carrying out the Voluntary Winding up process under the IBC is normally of 12 months.

Sub-section (1) of section 100 empowers the board of directors to call extraordinary general meeting as and when it is deemed necessary. Which of the following is authorized to convene extra-ordinary general meeting?

An independent director means a director other than a managing director or a whole-time director or a nominee director who does not have any material or pecuniary relationship with the company/directors. Which of the following should be the number of Independent Directors in every listed public company (fraction is to be rounded off to one)?

Which of the following statements are true in context of a company under Company Act, 2013?
1. A member of a company must be a shareholder of a company.
2. Proxies are not to be included while counting the quorum of a meeting of a company.
3. The maximum number of directors in a public as well as private company is 15.
4. In case of a private company, there is no restriction to transfer the shares.

Which of the following statement/statements is/are not correct?
(1) National Board for Wildlife has been constituted by the Central Government with effect from 22th September, 2004
(2) The Prime Minister is the Chairperson of the National Board for Wildlife
(3) The office of the member of the National Board shall be deemed to be the office of profit under the Wildlife Protection Act, 1972
(4) The Chairman of Human Right Commission is a member of National Board for Wildlife

Consider the following statements.
1. When evaporation takes place, cooling takes place.
2. Evaporation takes place at all temperature, boiling takes place only at the boiling point.
3. Evaporation is a surface phenomenon.
Which of the statements given above is/are true?

Five members were present at a board meeting. Each member shook hands with all of the other members before the meeting. How many handshakes took place?

Which of the following statements are true in context of companies?
1. A fixed charge becomes floating charge when a company goes into liquidation.
2. Only one director can be appointed as a Managing Director.
3. Share can be converted to stock but stock cannot be converted to share.

One of the primary responsibilities of the Company Secretary is to attend the Annual General Meeting of the company. As per the Companies Act, Annual General Meeting and requisitioned Extra ordinary General Meetings are explained U/S . . . . . . . .