MCQ on Company Meetings (AGM)

Which of the following company can held the AGM on public holiday ____
(a) Public company
(b) Private company
(c) Govt company
(d) Association not for profits

Ans. (d)

In case of adjourned meeting is it necessary to wait for the quorum
(a) Yes
(b) No

Ans. (b)

The Bigbrand Company conducted an AGM. On that day due to fire accident in the hall all shareholders died. Will the company will be in existence.
(a) Yes
(b) No

Ans. (a)

The time period for conduction of AGM is extended by ROC for how many months
(a) 1
(b) 2
(c) 3
(d) 4

Ans. (c)

List of issues to be discussed at a meeting:
(a) Schedule
(b) Agenda
(c) Time-table
(d) Plan

Ans. (b)

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Central Government can exempt company from holding AGM
(a) Yes
(b) No

Ans. (b)

Failure to convene AGM  u/s 166 penalty will be
(a) 50,000+250 per every day
(b) 75,000+250 per every day
(c) 1,00,000+250 per every day
(d) 25,000+250 per every day

Ans. (a)

The time gap between two AGM’s shall not exceed.
(a) 15 months
(b) 18 months
(c) 16 months
(d) None of these

Ans. (a)

Length of notice in the case of AGM is 21 clear days. Articles provided 25 clear days for length of notice. Is the AGM valid
(a) Valid
(b) Invalid

Ans. (a)

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AGM should be held by every company
(a) Yes
(b) No

Ans. (a)

Length of notice in the case of AGM is 21 clear days. Articles provided that 15 clear days for length of notice. Is the AGM valid
(a) Valid
(b) Invalid

Ans. (b)

In case of continuing default to convene the AGM fine is Rs.___________ for every day.
(a) 250
(b) 300
(c) 350
(d) 400

Ans. (a)

Notice of statutory meeting should be attested directors among them one should be compulsory M.D.
(a) Yes
(b) No

Ans. (a)

Bacchan co, incorporated on 1 st Jan 2021. The AGM should be held on 1 st July 2022. ROC extended that time to 1 st Sep.2022. Is the AGM valid.
(a) Valid
(b) Invalid
(c) Situation does not arise

Ans. (b)

First AGM must be held with in_______________ from the date of the balance sheet
(a) 6 months
(b) 9 months
(c) 5 months

Ans. (b)

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Every AGM must be held with ___ from the date of the Balance Sheet.
(a) 4 months
(b) 6 months
(c) 9 months
(d) None of these

Ans. (c)

M.M. Obtained, the incorporation on Jan 1, 1993 and C.C.B on June 1, 1993. The earliest date on which it can hold the statutory meeting is_____
(a) Feb 1, 1993
(b) March 1, 1993
(c) July 1, 1993
(d) August 1, 1993

Ans. (d)

The resolution passed at AGM are ___
(a) Valid
(b) Void
(c) Voidable
(d) Void ab-initio

Ans. (a)

First AGM must be held within __from the incorporation of the company
(a) 15 months
(b) 18 months
(c) 12 months
(d) None of these

Ans. (b)

Which of the following meeting can be held more than once in a calendar year?
(a) E.G.M
(b) S.G.M
(c) A.G.M

Ans. (a)

There is no need to held statutory meeting in case of Government company?
(a) Yes
(b) No

Ans. (a)

__ may grant exemption to any class of companies with regard to the time & place of AGM.
(a) C.G
(b) ROC
(c) NCLT
(d) D.C.A

Ans. (a)

Notice of Adjourn meeting is not required of a meeting is
(a) Adjourn for want of quorum
(b) Adjourn sine die
(c) Adjourn for more than 30 days

Ans. (a)

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Eminem Marshel Mathers Ltd is incorporated on Jan 1, 2022. It must hold its first AGM before.
(a) Dec 31-2022
(b) Dec 31-2023
(c) June 30-2022
(d) June 30 – 2023

Ans. (c)

Notice of statutory meeting should be attested by at least.
(a) 3 directors
(b) 2 directors
(c) 4 directors

Ans. (b)

AGM should be held at
(a) any company office
(b) Registered office
(c) Corporate office
(d) None of these

Ans. (b)

Stamp duty to be paid at the time of issue of share certificate is.
(a) Nominal
(b) High
(c) Very high

Ans. (a)

In case of Non -Profit making Companies notice of general meeting should be given with in _____ days
(a) 14
(b) 15
(c) 21
(d) 22

Ans. (a)

__ is the official recording of the proceedings of a meeting
(a) Quorum
(b) Minutes

Ans. (b)

Any company can’t held AGM on a public holiday
(a) Yes
(b) No

Ans. (b)

Board of directors has the authority to issue notice of the GM’S
(a) Yes
(b) No

Ans. (a)

In case of Statutory General Meeting receipts & payments are prepared up to ____ days before the date of report
(a) 3
(b) 5
(c) 7
(d) 9

Ans. (c)

Company limited by guarantee and having share capital needs to hold statutory meeting
(a) Yes
(b) No

Ans. (a)

 

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Jaspreet

Jaspreet (Masters in Commerce-LLB) not only have exceptional command of Accounts and Commerce subjects but also have keen interest in Law. He is consistent in producing high quality assignments.

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