FINAL LEVEL QUIZ π
As per the Companies Act, 2013, which of the following cannot be considered a KMP even if so designated by the Board?
As per the Companies Act, 2013, which of the following cannot be considered a KMP even if so designated by the Board?
Anonymous Quiz
8%
Chief Financial Officer
48%
Chief Risk Officer
27%
Manager under Section 2(53)
16%
Whole-Time Director
PROFESSIONAL LEVEL QUIZ π
A listed company appoints a person as both CEO and Company Secretary. The appointment is:
A listed company appoints a person as both CEO and Company Secretary. The appointment is:
Anonymous Quiz
28%
Valid with Boardβs approval
31%
Invalid, as dual roles are not permitted
25%
Valid only with approval from the Nomination and Remuneration Committee
15%
Valid if notified to ROC within 15 days via Form MGT-7
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INTER LEVEL QUIZ
In case of fraudulent representation during the incorporation of a company, what is the maximum imprisonment term specified under the Companies Act, 2013?
In case of fraudulent representation during the incorporation of a company, what is the maximum imprisonment term specified under the Companies Act, 2013?
Anonymous Quiz
9%
a) 1 year
38%
b) 3 years
35%
c) 5 years
18%
d) 7 years
π2
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EXECUTIVE LEVEL QUIZ
If a companyβs Articles of Association (AOA) conflict with its Memorandum of Association (MOA), which document prevails?
If a companyβs Articles of Association (AOA) conflict with its Memorandum of Association (MOA), which document prevails?
Anonymous Quiz
16%
a) Articles of Association
66%
b) Memorandum of Association
13%
c) Registrar of Companiesβ decision
5%
d) Board Resolution
π1
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X gives guarantee to the extent of 50,000 for the loans given from time to time by A to B. A gave a loan of 10,000 to B. Afterwards, X gives notice of revocation. Which is the correct option?
Anonymous Quiz
18%
(a) X is discharged from all liability to A for any loan granted.
52%
(b) X is liable to A for βΉ 10,000 on default of B.
21%
(c) X is liable to A for βΉ 50,000 on default of B.
9%
(d) X is liable to A for βΉ 40,000 on default of B.
π1
In contract of guarantee for whom guarantee given is called
Anonymous Quiz
29%
(a) Surety holder
39%
(b) Principal debtor
30%
(c) Both (a) and (b)
2%
(d) None of above
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