Legal Aspects Of Finance_5

LIST OF ATTEMPTED QUESTIONS AND ANSWERS (Legal Aspects of Finance_5)

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Correct Answer Only one director in India for the time being Multiple Choice Multiple Answer Question Object Clauses are divided into :Correct Answer Main Object , Object incidental or ancillary to Main , Other Objects Multiple Choice Multiple Answer Question Board of directors have to take consent of general meeting for :Correct Answer Sale, lease or dispose of company's property , Give time to repayment of debt due by director , Contribute to charitable funds exceeding Rs 50000/- or 5% of average net profits Your Answer Sale, lease or dispose of company's property , Give time to repayment of debt due by director , Filling of vacancies True/False Question

The independent director is a supplier of a service provider of the company. Correct Answer False

Select The Blank Question Liability clause can be found in ________. Correct Answer Memorandum of Association Your Answer

Articles of Association

Multiple Choice Single Answer Question In each board meeting director is paid by remuneration, which is known as :Correct Answer Sitting fees Your Answer

Meeting fees

Multiple Choice Single Answer Question Maximum fine which can be levied for default in placing accounts before AGM is :Correct Answer Rs. 50,000 Your Answer

Rs. One lac

Multiple Choice Multiple Answer Question The auditor shall inquire :Correct Answer Whether transactions of the company which are represented merely by book entries are not prejudicial to the interest of the company or members , Whether loans & advances made by the company have been shown as deposits , Whether personal expenses have been charged to revenue account

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