Elements of company law-II – Test 1

The persons who are in charge of the management of the affairs of a company are-
(1) Termed as directors
(2) Known as board of trustee
(3) Collectively known as board of directors
Select correct answer from the options given below-

Directors take the decision regarding the management of a company collectively in their meetings known as –

As per Section 173 of the Companies Act,2013, not more … shall intervene between two consecutive Board meetings.

As per Section 173 of the Companies Act, 2013, how many board meetings must be held every year?

The decisions at the board meetings are taken by ….. of votes.

Which of the following type of vote can be exercised by the Chairman for deciding the matter in board meetings, if there is situation of equal number of votes for and against any resolution?

In board meetings if there is situation of equal number of votes for and against any resolution, the …. has the power to exercise his casting vote for deciding the matter.

The term ‘director’ is defined in …. of the Companies Act,2013.

According to Section 2(34) of Companies Act, 2013, ”director” means a director appointed to the Board of a company.

One Person Company shall have …

What is the maximum number of directors that can be appointed by the companies as per Companies Act,2013?

Company may appoint more than 15 directors after passing –

As per Section 165 of the Companies Act, 2013, maximum number of directorship, including any alternate directorship a person can hold is ……

Section 149(3) of the Companies Act,2013 has provided for residence of a director in India as a compulsory i.e. every company shall have at least one director who has stayed in India for a total period of not less than …. in the previous calendar year.

Section 2(47) of the Companies Act,2013 prescribed that ”Independent directors” means an independent director” means an independent directors referred to in sub-section (5) of …. of the Act.

An independent director means a director other than a …. who does not have any material or pecuniary relationship with the company /directors.

In order to call any person as independent director, he must not either directly or any of his relatives hold or has held the position of key management personal or its holding , subsidiary or associate company in any of the …. immediately preceding the financial year in which he is proposed to be appointed

Who can be appointed as directors of any company?

Any corporate body or firm can be appointed as directors of the company. This statement is –

No company shall appoint or re-appoint any individual as director of the company unless he has been allotted

Every public company shall have at least …

According to section 151 of the Companies Act, 2013 every listed company …. have one director elected by such small shareholders.

According to Section 151, every ….. may have one director elected by such small shareholders.

How many directors must be appointed by the private company?

Every listed public company shall have at least …. of the total number of directors as independent directors.