Forwarded from Divya Agarwal Mam (AIR 3)
EXECUTIVE LEVEL QUIZ
A private company borrows โน5 crores from a director and creates a charge over its assets. The company does not register the charge. The director later resigns. What is the status of the charge?
A private company borrows โน5 crores from a director and creates a charge over its assets. The company does not register the charge. The director later resigns. What is the status of the charge?
Anonymous Quiz
15%
a) Valid and enforceable
16%
b) Automatically void
38%
c) Director can claim as a secured creditor
31%
d) Treated as an unsecured loan
๐2
Forwarded from Divya Agarwal Mam (AIR 3)
INTER LEVEL QUIZ
A charge is created on 5th January 2025 and is registered with ROC on 20th June 2025. The company also files CHG-8 for condonation of delay. Is the charge valid?
A charge is created on 5th January 2025 and is registered with ROC on 20th June 2025. The company also files CHG-8 for condonation of delay. Is the charge valid?
Anonymous Quiz
26%
a) Yes, ROC allows late filing
40%
b) No, beyond 120 days, only Tribunal can condone
25%
c) Yes, with additional penalty
9%
d) No, CHG-8 is not for creation
๐1
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PROFESSIONAL LEVEL QUIZ ๐
Majority of audit committee members of a company shall be__________________.
Majority of audit committee members of a company shall be__________________.
Anonymous Quiz
15%
Executive director
16%
Non-executive
68%
Independent
1%
None of the above
๐1
FINAL LEVEL QUIZ ๐
Majority of audit committee members of a company shall be__________________.
Majority of audit committee members of a company shall be__________________.
Anonymous Quiz
17%
Executive director
12%
Non-executive
70%
Independent
1%
None of the above
๐1
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