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business
essentials business law
Business Law 2nd Edition Tejpal Sheth - Solutions
The time gap between two AGMs shall not exceed .(i) 15 months (iii) 16 months(ii) 18 months (iv) None of these
State the provisions under Companies Act for preparation and signing of minutes of meetings. (Ref. Para-21.47)
How is voting is carried out at a board meeting? (Ref. Para-21.46)
Who can be the chairman of a board meeting? (Ref. Para-21.45)
What is the quorum for a board meeting? How is it calculated? (Ref. Para-21.43)
What should be contents of notice for a board meeting? (Ref. Para-21.42)
No notice of board meeting was sent to one of the directors.Is the meeting valid? (Ref. Para-21.41)
What is the notice period required for a board meeting? (Ref. Para-21.41)
At which place can a board meeting be convened? (Ref. Para-21.40)
Can a company convene a board meeting on a public holiday? (Ref. Para-21.40)
At what frequency should board meetings be held? (Ref. Para-21.39)
Explain the powers available to the board of directors only with consent of shareholders. (Ref. Para-21.34)
Certain powers are to be exercised by the board of directors of company only at the board meeting. What are those powers? (Ref. Para-21.31)
What are the provisions for the minutes of a general meeting? (Ref. Para-21.29)
Which resolutions require special notice? (Ref. Para-21.28)
When is a company required to pass special resolution? (Ref. Para-21.27)
What are the different types of resolution which may be passed by a company? (Ref. Para-21.27)
Write short note on minutes of general meeting. (Ref. Para-21.29)
What do you understand by motion? (Ref. Para-21.26)
One man can convene a valid meeting. Comment. (Ref. Para-21.25)
Write short note on meeting of creditors. (Ref. Para-21.24)
When and by whom is a meeting of debenture holders called? (Ref. Para-21.23)
Adjourned meetings do not require fresh notice. Comment. (Ref. Para-21.22)
Write down any five businesses which can be passed by way of postal ballot.
State the procedure for postal ballot. (Ref. Para-21.20)
What is postal ballot? Is it mandatory for all business? (Ref. Para-21.19)
When should the chairman order for poll? (Ref. Para-21.18)
Write short note on chairman of general meeting. (Ref. Para-21.16)
Can one person constitute quorum? (Ref. Para-21.15)
What is the meaning of quorum? What are the provisions of quorum under Companies Act? (Ref. Para-21.15)
Proxy, once appointed, is irrevocable. Comment. (Ref. Para-21.14)
Any person can be appointed as proxy. Is it correct? (Ref. Para-21.13)
Explain the provisions regarding proxy. (Ref. Para-21.13)
When can an extraordinary general meeting be called by Tribunal? (Ref. Para-21.12)
State the circumstances in which an extra-ordinary general meeting can be called on requisition? (Ref. Para-21.11)
What is extraordinary general meeting? When it is called? (Ref. Para-21.10)
What is significance of annual general meeting? (Ref. Para-21.9)
What remedy is available when a company defaults in holding annual general meeting? (Ref. Para-21.8)
Annual general meeting should be held within six months from end of the financial year. Comment. (Ref. Para-21.5)
Write short note on time limit for holding annual general meeting. (Ref. Para-21.5)
What are the provisions under Companies Act regarding holding annual general meeting? (Ref. Para-21.5)
Omission go give notice of general meeting invalidate meeting. Comment. (Ref. Para-21.4)
Explain the provisions regarding notice of a general meeting. (Ref. Para-21.4)
Notice of general meeting must be served by UPC. Comment. (Ref. Para-21.3)
By what different methods notice of general meeting can be served? (Ref. Para-21.3)
Every general meeting, in order to be valid, must be duly conveyed, properly constituted and conducted. Comment. (Ref. Para-21.2)
What are the requisites of a valid general meeting? (Ref. Para-21.2)
Discuss the different kinds of meeting. (Ref. Para-21.1)
When the shares are transferred to X from Y, Y will be a of the company.(i) member (iii) partner(ii) shareholder (iv) None of these
are the shares issued by the company to its existing shareholder as a matter of right with price.(i) Bonus (iii) Right(ii) Sweat (iv) None of the above
are the shares issued by the company to its existing shareholders free of cost.(i) Bonus (iii) Right(ii) Sweat (iv) None of the above
preference shares do not carry the right to accumulate dividends.(i) Convertible (iii) Non-cumulative(ii) Cumulative (iv) None of these
Which reserve is required to be created for redemption of debentures?(i) DRR (iii) CRR(ii) Free reserve (iv) None of these
Debenture which are repayable only on the event of winding up is called(i) redeemable (iii) perpetual(ii) irredeemable (iv) Both (ii) and (iii)
Debentures which have the charge on the property of the company is .(i) secured (iii) registered(ii) unsecured (iv) none of the above
Debentures payable to person whose name appears both on debenture certificate and company’s register is called .(i) bearer (iii) registered(ii) unregistered (iv) none of the above
Debentures payable to a holder of certificate is called .(i) bearer (iii) secured(ii) unregistered (iv) Both (i) and (ii)
on debenture is payable even if there are no profits.(i) Interest (iii) Commission(ii) Dividend (iv) None of the above
Which of the following have voting rights?(i) Shareholders (iii) Both (i) and (ii)(ii) Debenture holder (iv) None of the above
Return paid on debentures is .(i) interest (iii) commission(ii) dividend (iv) tax
Return paid on shares is .(i) interest (iii) commission(ii) dividend (iv) none of the above
Debenture holders are .(i) owners (iii) debtors(ii) creditors (iv) none of the above
Shareholders are .(i) owners (iii) debtors(ii) creditors (iv) none of the above
Debenture forms part of .(i) capital (iii) fund(ii) loan (iv) None of the above
Own funds are called .(i) debenture capital (iii) loan capital(ii) share capital (iv) None of the above
In which of the following, stamp duty and consideration are not necessary?(i) Transfer (iii) Both (i) and (ii)(ii) Transmission (iv) None of the above
Transmission is effected by .(i) sale (iii) insolvency(ii) death (iv) Both (ii) and (iii)
Transfer is effected by .(i) sales (iii) insolvency(ii) death (iv) none of the above
If the ownership of shares goes to another by operation of law, it is called as .(i) transfer (iii) Both (i) and (ii)(ii) transmission (iv) None of the above
transfer is null and void.(i) Forged (iii) Both (i) and (ii)(ii) Blank (iv) None of the above
is an instrument of transfer signed by the transferor in which the name and date are not filled.(i) Forged transfer (iii) Both (i) and (ii)(ii) Blank transfer (iv) None of the above
The person to whom the shares are transferred is called .(i) transferee (iii) endorser(ii) transferor (iv) endorsee
The person who transfers his shares is called .(i) transferee (iii) promisor(ii) transferor (iv) promisee
No consideration shall be paid by the company in exchange of shares.(i) lien (iii) surrendered(ii) forfeited (iv) none of the above
is a short-cut to forfeiture(i) Lien (iii) Right issue(ii) Surrender (iv) None of the above
Return of partly paid shares by the shareholders to the company is .(i) surrender (iii) lien(ii) forfeiture (iv) none of the above
arises in respect of debt due on shares as well as on other transactions.(i) Forfeiture (iii) Both (i) and (ii)(ii) Lien (iv) None of the above
days have to be given for payment of call money from the date of service of notice.(i) 14 (iii) 12(ii) 13 (iv) 11
Name of the members is struck off from the register in case of .(i) issue of share certificate (iii) Both (i) and (ii)(ii) forfeiture (iv) None of the above
Forfeiture can be made only if it is authorised by .(i) AOA (iii) ROC(ii) MOA (iv) CG
For a company to accept calls in advance from shareholders, itshould have permission in(i) MOA (iii) BOD(ii) AOA (iv) None of these
In case of , a duplicate can be obtained if it is lost.(i) share warrant (iii) dividend coupon(ii) share certificate (iv) none of the above
Stamp duty to be paid at the time of issue of share certificate is(i) nominal (iii) very high(ii) high (iv) none of these
A company, to issue sweat equity shares, must pass a(i) special resolution (iii) unanimous resolution(ii) ordinary resolution (iv) none of these
The maximum premium amount that can be charged as per Companies Act is .(i) 10% (iii) 20%(ii) 15% (iv) None of these
Within 30 days of completion of buy-back, the company shall file the details with whom .(i) Registrar (iii) Both (i) and (ii)(ii) SEBI (iv) None of the above
After buy-back, a company cannot issue the same kind of shares for months.(i) 6 (iii) 18(ii) 12 (iv) 24
Buy-back securities should be physically destroyed within days.(i) 7 (iii) 21(ii) 17 (iv) 28
companies are permitted to buy back its shares.(i) Insolvent (iii) Both (i) and (ii)(ii) Solvent (iv) None of the above
Every buy-back shall be completed within month from the date of passing the Special Resolution.(i) 6 (iii) 10(ii) 8 (iv) 12
In case of buy-back, post debt equity ratio should not be more than .(i) 1:2 (iii) 3:1(ii) 2:1 (iv) 1:3
Buy-back should be less than or equal to % of total paid-up capital and free reserve.(i) 25 (iii) 35(ii) 30 (iv) 40
Buy-back by board resolution can only be upto % of total paid up capital and free reserve.(i) 15 (iii) 25(ii) 10 (iv) 20
Which of the following can be used for buy-back of shares?(i) Free reserves (iii) Proceeds of fresh issue of shares(ii) Securities premium (iv) All of the above
A company must pass for reducing its share capital.(i) ordinary resolution (iii) Central Government permission(ii) special resolution (iv) none of the above
should be passed by the company to offer shares to outsiders.(i) Special resolution (iii) C.G(ii) Ordinary resolution (iv) None of the above
_________ have fixed denomination.(i) Share (iii) Both (i) and (ii)(ii) Stock (iv) None of the above
_________ is an aggregate of fully paid share that have been legally consolidated.(i) Share (iii) Both (i) and (ii)(ii) Stock (iv) None of the above
Cumulative preference shareholders have voting right if dividends are in arrears for years.(i) 1 (iii) 3(ii) 2 (iv) 4
_________ are the shares issued by the company to its employees or directors for consideration other than cash.(i) Bonus (iii) Right(ii) Sweat (iv) None of the above
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