A company secretary performs the functions of a company's or A company secretary is company's: or A Company Secretary is . . . . . . . . of company. or If the directors constitute the company brains, the secretary would denote its

Which of the following statements are true in case of appointment of directors?
1. A company can appoint maximum fifteen directors.
2. A company may appoint more than fifteen directors after passing a special resolution in general meeting.
3. The approval of Central Government is not required in case some enhancement is done in case of directors.

A

1 and 2 are correct

B

2 and 3 are correct

C

1, 2 and 3 are correct

D

1 and 3 are correct

As per Articles of Association of the company the directors can borrow up to Rs. 10,000 without getting approval from the general meeting. The directors have lend Rs. 50,000 to the company without any approval of the general meeting and took debentures. The company would be liable for:

A

50,000

B

60,000

C

10,000

D

40,000

As per the RBI Act, 1934, the following functions are described as the functions of a Central Bank:
1. Banking functions
2. Advisory functions
3. Supervisory functions
4. Promotional functions
Identify the correct combination:

A

1, 3 and 4

B

1, 2 and 4

C

2, 3 and 4

D

Only 1 and 3

Statements : All film stars are playback singers. All film directors are film stars.

Conclusions :
I. All film directors are playback singers.
II. Some film stars are film directors.

A

Only conclusion I follows

B

Only conclusion II follows

C

Either I or II follows

D

Neither I nor II follows

E

Both I and II follow

The Companies Act, 2013 requires that every company shall have a minimum number of 3 directors in the case of a public company, two directors in the case of a private company, and one director in the case of a One Person Company according to:

A

Section 149 (1)

B

Section 149 (2)

C

Section 150 (1)

D

Section 150 (2)

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.

A

1 and 2

B

2 and 3

C

1 and 3

D

1, 2 and 3

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.

A

1, 2 and 3

B

2 and 3

C

1 and 3

D

1, 2, 3 and 4

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)?

A

At least one-half of the total number of directors as independent directors

B

At least one-fourth of the total number of directors as independent directors

C

At least one-third of the total number of directors as independent directors

D

It can be any number

Every listed public company must have at least . . . . . . . . of total number of directors as independent directors.

A

$$\frac{1}{3}$$

B

$$\frac{2}{3}$$

C

$$\frac{1}{5}$$

D

$$\frac{1}{2}$$

Statement : The Company X has rejected first lot of values supplied by Company A and has cancelled its entire huge order quoting use of inferior quality material and poor craftsmanship.

Courses of Action :
I. The Company A needs to investigate functioning of its purchase, production and quality control departments.
II. The Company A should inspect all the valves rejected by Company X.
III. The Company A should inform Company X that steps have been taken for improvement and renegotiate schedule of supply.

A

Only I and II follow

B

Only II follows

C

II, and either I or III follow

D

All I, II and III follow

E

None of these