hitechpathshala

Q. 1

The Annual General Meeting (AGM) of Green Limited was held on 31.8.2022. Suppose the Chairman of the company after two days of AGM went abroad for next 31 days. Due to the unavailability of the Chairman, within time period prescribed for submission of copy of report of AGM with the registrar, the report as required was signed by two Directors of the company, of which one was additional Director of the company. Comment on the signing of this report of AGM.

Yes, the signing is in order as the report can be signed by any director in the absence of Chairman.

No, the signing is not in order as only the Chairman is authorised to sign the report

Yes, the signing is in order, as in the absence of Chairman at least two directors should sign the report.

No, the signing is not in order, since in case the Chairman is unable to sign, the report shall be signed by any two directors of the company, one of whom shall be the Managing director, if there is one and company secretary of the company.

Q. 2

The AGM shall be called by giving 21 clear days’ notice. However, it can be called by giving shorter notice if members entitled to vote at that meeting give their consent in writing or by electronic mode. In such cases how many members have to give their consent?

75% of members entitled

90% of members entitled

91% of members entitled

95% of members entitled

Q. 3

Which among the following companies is not required to provide its members the facility to exercise right to vote by electronic mode under the provisions of the Companies Act, 2013?

B Limited, whose equity shares (the company is having both equity as well as preference shares) are listed on a recognised stock exchange

A Limited, whose equity shares (only type of share the company is having) are listed on a recognised stock exchange

C Limited, whose preference shares (the company is having both equity as well as preference shares) are listed on a recognised stock exchange

D Limited, whose equity shares as well as preference shares are listed on a recognised stock exchange.

Q. 4

Supertech Computers Pvt. Ltd has 120 members. It sends notice to all of them. 20 members did not attend the meeting. Out of remaining 100 members, 20 members abstained from voting. Advice the company, how many members should vote in favour of resolution, if it has to be passed as a Special Resolution?

60 Votes

80 Votes

41 Votes

20 Votes

Q. 5

ABC Ltd., a pharmaceutical company was having its manufacturing plant in Solan, Himachal Pradesh. The address of its registered office as informed to the Registrar of Companies was of one of its Director’s office, situated at Mumbai, Maharashtra. To comply with the provisions of the Companies Act, 2013 it was keeping all its books of accounts, other relevant papers and financial statements at its registered office. After sometime Directors of the company found it difficult to maintain such books etc.at the registered office, so in a duly convened meeting of the Board of the Directors, it was decided that the books of accounts and other relevant papers be kept at the office situated in Solan. Within which time period the Registrar must be given notice about such decision of the board –

Within 30 days from the date of taking such decision by the board.

Within 15 days from the date it starts maintaining its books of accounts at the office situated at Solan.

Within 30 days from the date it starts maintaining its books of accounts at the office situated at Solan.

Within 7 days from the date of taking such decision by the board.

Q. 6

ABC Infrastructures Limited is a listed company quoted at National Stock Exchange. The company closed its Register of Members in June and August, 2017 for 12 and 21 days respectively. The CFO of company has informed the company secretary to consider closing of register in December for another 15 days for some strategic reasons. Referring to the provisions of Companies Act, 2013, examine the validity of above action of the company.

Valid, as the closure of register of members by company each time is not exceeding 30 days.

Invalid, as company cannot go for closure of Register of members more than twice in a year.

Invalid, as the period of closing register of members exceeding 30 days in a year.

Invalid, as the period of closing the Register of members by the company is exceeding 45 days in a year.

Q. 7

The Annual General meeting of Tirupati Limited was scheduled for 28th December, 2017. Mr. Ananat, shareholder of Tirupati Limited has desired to inspect inspection of proxies lodged with the company. The notice for inspection should be given at least before the meeting:

24 hours

1 day

2 days

3 days

Q. 8

In the current financial year Zunee Traders Limited, a non-listed company, has 556 members, increased from 451 members which it had in the immediate previous financial year. For the forthcoming Annual General Meeting (AGM), advise the company whether it is required to provide to its members the facility to exercise their right to vote at this AGM by electronic means.

Since the company has more than 500 members it is required to provide to its members the facility to exercise their right to vote at the forthcoming AGM by electronic means.

The company is not required to provide to its members the facility to exercise their right to vote at the forthcoming AGM by electronic means since its members are less than one thousand.

Though the company is required to provide to its members the facility to exercise their right to vote at the forthcoming AGM by electronic means because it has more than 500 members, it can, as a onetime measure, seek exemption from ROC beforehand and in that case, it need not provide facility of voting by electronic means.

Only a listed company is required to provide to its members the facility to exercise their right to vote at the General Meetings by electronic means.

Q. 9

Which one of the following requires ordinary resolution?

to change the name of the company

to alter the articles of association

to reduce the share capital

to declare dividends.

Q. 10

Neha is a director of Primus Limited. She intends to participate in the board meeting through video conferencing and has intimated the same to the chairperson at the beginning of calendar year. Advise, Neha for how long such declaration shall be valid.

1 month

6 month

1 year

She has to furnish declaration for each meeting separately

Q. 11

A resolution shall be a special resolution when the votes cast in favour of the resolution by members are not less than __ _ _ the number of votes, if any, cast against the resolution.

Twice

Three times

One third

One fourth

Q. 12

The Annual General Meeting of Brother Limited was held on 25th May 2021. According to the provisions of Companies Act, 2013, till what date the company should submit report of AGM to the registrar?

04.06.2021

09.06.2021

24.06.2021

25.06.2021

Q. 13

Gama Limited’s General Meetings are held at its registered office situated in Delhi. The minute book of General meetings of Gama Limited will be kept at:

That place where members of Gama Limited will decide.

That place where all employees of Gama Limited will decide.

Registered office of the company Gama Limited.

That place where senior officials of Gama Limited will decide.

Q. 14

Vinod is a director of Prem Limited. He intends to participate in the board meeting through video conferencing and has intimated the same to the chairperson at the beginning of calendar year. Advise, Vinod for how long such declaration shall be valid.

1 month

6 month

1 year

She has to furnish declaration for each meeting separately

Q. 15

A resolution shall be a special resolution when the votes cast in favour of the resolution by members are not less than the number of votes, if any, cast against the resolution :

Twice

Three times

Three fourth of

Two third of

Q. 16

The Annual General Meeting (AGM) of Green Limited was held on 31.8.2022. Suppose the Chairman of the company after two days of AGM went abroad for next 31 days. Due to the unavailability of the Chairman, within time period prescribed for submission of copy of report of AGM with the registrar, the report as required was signed by two Directors of the company, of which one was additional Director of the company. Comment on the signing of this report of AGM.

Yes, the signing is in order as the report can be signed by any director in the absence of Chairman.

No, the signing is not in order as only the Chairman is authorised to sign the report

Yes, the signing is in order, as in the absence of Chairman at least two directors should sign the report

No, the signing is not in order, since in case the Chairman is unable to sign, the report shall be signed by any two directors of the company, one of whom shall be the Managing director, if there is one and company secretary of the company.

Management & Administration

Marks: 15