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CA Final Meetings of Board and Its Powers — practice questions — page 2

Explore 86 free Meetings of Board and Its Powers questions in CA Final Law. Open each question or exercise to read its content, reference answers and available explanation.

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Meetings of Board and Its Powers questions and exercises with answers

Showing questions 31–60 of 86.

Under s.179(3)(b), the Board authorises buy-back under which section?Read the answer and worked solution →Which power may the Board delegate to a committee or MD under s.179(3) provisos?Read the answer and worked solution →Clauses (d) to (f) of s.179(3) cover borrowing, investing and:Read the answer and worked solution →For bankers' overdrafts, the borrowing power covers:Read the answer and worked solution →Diversifying the business is a power the Board exercises by:Read the answer and worked solution →Which section restricts the powers of the Board?Read the answer and worked solution →Selling the whole undertaking of a company requires the Board to obtain:Read the answer and worked solution →An undertaking under s.180 is one where investment exceeds what share of net worth?Read the answer and worked solution →An undertaking under s.180 may also be one generating what share of total income?Read the answer and worked solution →Substantially the whole of the undertaking means this share of its value:Read the answer and worked solution →Borrowings above which aggregate need a special resolution?Read the answer and worked solution →Temporary loans in s.180 are repayable on demand or within:Read the answer and worked solution →Which loan is NOT a temporary loan under the s.180 explanation?Read the answer and worked solution →Remitting a debt due from a director needs the company's:Read the answer and worked solution →A special resolution on borrowing under s.180(2) must specify:Read the answer and worked solution →Under s.180(5), a lender enforces excess debt if it proves:Read the answer and worked solution →A good-faith buyer of an undertaking sold under s.180(1)(a) has title that:Read the answer and worked solution →A special resolution for sale of an undertaking may stipulate conditions on:Read the answer and worked solution →Which section lets the Board contribute to bona fide charitable funds?Read the answer and worked solution →Prior permission for charity above this share of average net profits:Read the answer and worked solution →The s.181 limit uses average net profits of how many preceding financial years?Read the answer and worked solution →Who may NOT make political contributions under s.182?Read the answer and worked solution →A political contribution under s.182 needs authority of a:Read the answer and worked solution →Total political contribution must be shown in:Read the answer and worked solution →Fine for contravening s.182 may extend to what multiple of the amount contributed?Read the answer and worked solution →Officer in default under s.182(4) faces imprisonment up to:Read the answer and worked solution →Under s.182, a political party is one registered under which Representation of the People Act section?Read the answer and worked solution →A company's ad in a party's souvenir brochure is deemed aRead the answer and worked solution →A director first discloses interests at theRead the answer and worked solution →After first disclosure, a director repeats it at the first Board meeting of:Read the answer and worked solution →

Worked practice questions

Under s.179(3)(b), the Board authorises buy-back under which section?

  1. Section 68
  2. Section 62
  3. Section 52
  4. Section 77
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Correct answer: A. Section 68

Clause (b) refers to buy-back of securities under section 68.

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Which power may the Board delegate to a committee or MD under s.179(3) provisos?

  1. Issuing securities
  2. Investing company funds
  3. Approving the accounts
  4. Approving a merger
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Correct answer: B. Investing company funds

Only the powers in clauses (d) to (f) can be delegated, and investment is clause (e).

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Clauses (d) to (f) of s.179(3) cover borrowing, investing and:

  1. Making calls on shares
  2. Declaring dividends
  3. Giving loans or guarantees
  4. Issuing securities
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Correct answer: C. Giving loans or guarantees

Clause (f) is the power to grant loans, give guarantees or provide security.

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