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CA Foundation Companies Act 2013 — practice questions — page 2

Explore 68 free Companies Act 2013 questions in CA Foundation Businesslaw. Open each question or exercise to read its content, reference answers and available explanation.

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Companies Act 2013 questions and exercises with answers

Showing questions 31–60 of 68.

To appoint more than fifteen directors, a company must pass a:Read the answer and worked solution →At least one director must have stayed in India for how many days in the previous year?Read the answer and worked solution →A listed public company must have what share of its directors as independent?Read the answer and worked solution →Under Section 166, a director must exercise his duties with independent judgment and:Read the answer and worked solution →If a director assigns his office to another person, the assignment is:Read the answer and worked solution →A director who makes an undue gain must pay the company:Read the answer and worked solution →The fine for contravening the duties of directors starts at:Read the answer and worked solution →The maximum number of directorships one person may hold across companies is:Read the answer and worked solution →A person may be a director in at most how many public companies?Read the answer and worked solution →A person declared of unsound mind by a competent court is:Read the answer and worked solution →Which person is disqualified from being appointed a director?Read the answer and worked solution →Non-payment of calls on shares disqualifies a person after how long from the last day fixed?Read the answer and worked solution →A person sentenced to seven years or more of imprisonment is:Read the answer and worked solution →A director's office falls vacant if he misses all Board meetings in how long a period?Read the answer and worked solution →A director resigns by giving the company:Read the answer and worked solution →The first Board meeting must be held within how many days of incorporation?Read the answer and worked solution →The maximum gap between two consecutive Board meetings is:Read the answer and worked solution →Notice of a Board meeting must be at least how many days, in writing?Read the answer and worked solution →Directors may take part in a Board meeting through:Read the answer and worked solution →An Audit Committee must have at least how many directors, with independent ones in majority?Read the answer and worked solution →Which officer is key managerial personnel under the Act?Read the answer and worked solution →A private company's articles must restrict the right to:Read the answer and worked solution →A holding company controls more than what part of the subsidiary's share capital?Read the answer and worked solution →A holding company is one whose related companies are its:Read the answer and worked solution →A company under the Act means one incorporated under it or under:Read the answer and worked solution →Which fund can a company use to finance a buy-back of its shares?Read the answer and worked solution →A buy-back beyond ten percent of capital and reserves needs authorisation by a:Read the answer and worked solution →A buy-back must not exceed what share of paid-up capital and free reserves?Read the answer and worked solution →Shares offered for buy-back must be:Read the answer and worked solution →Dividend for a financial year may be declared out of profits arrived at after providing for:Read the answer and worked solution →

Worked practice questions

To appoint more than fifteen directors, a company must pass a:

  1. Tribunal order
  2. Ordinary resolution
  3. Board resolution
  4. Special resolution
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Correct answer: D. Special resolution

The first proviso to Section 149(1) permits more than fifteen directors after a special resolution.

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At least one director must have stayed in India for how many days in the previous year?

  1. 90 days
  2. 120 days
  3. 182 days
  4. 240 days
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Correct answer: C. 182 days

Section 149(3) requires a resident director who stayed in India for at least 182 days in the previous calendar year.

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A listed public company must have what share of its directors as independent?

  1. One-tenth
  2. One-fourth
  3. One-third
  4. One-half
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Correct answer: C. One-third

Section 149(4) requires at least one-third of the total directors to be independent directors.

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