Legal Aspects Of Finance_2

LIST OF ATTEMPTED QUESTIONS AND ANSWERS (Legal Aspects of Finance_2)

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Select The Blank Question ________ includes legal representative of deceased employer. Correct Answer Employer Your Answer

Employer

Select The Blank Question Any payment in respect on ________ can be deducted from the wages of an employed person. Correct Answer Fidelity guarantee bond Select The Blank Question A member shall have right to apply for operations and mismanagement of the company provided application is made by members not less than ________ or by the members holding not less than one tenth of total number of shares in the share capital of the company. Correct Answer 100 Your Answer

100

Select The Blank Question A statement of all transactions with the related parties including the basis shall be placed before the ________. Correct Answer Audit committee Your Answer

Audit committee

Multiple Choice Multiple Answer Question The board of directors shall exercise these powers only at board meetings :Correct Answer Power to make calls on shares , Power to issue debentures , Power to borrow money Your Answer

Power to make calls on shares , Power to issue debentures , Power to borrow money

Multiple Choice Single Answer Question Explanatory Statement should be annexed to Notice for :Correct Answer Special business Your Answer

Special business

Multiple Choice Multiple Answer Question What is the board procedure ? Correct Answer Meeting to be held 4 times in a year , Should not be a gap of more than 4 months between 2 meetings , Minimum information should be made available Your Answer Meeting to be held 4 times in a year , Should not be a gap of more than 4 months between 2 meetings , Minimum information should be made available Multiple Choice Multiple Answer Question Conditions on borrowings by PIO are :Correct Answer Non-repatriation basis , Loan by inward remittance , Account by lender in India

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