Producer Company – Test 1

A producer company was incorporated on 1st September 2018. At present, the paid-up share capital of the company is Rs 10 lakhs consisting of 1,00,000 equity shares of Rs 10 each fully paid-up held by 200 individuals and 20 producer’s institutions. First AGM is to be held by:

Every producer company shall hold, AGM in each year and the time gap between one AGM to another, should be more than

The Board of Directors of a producer company shall proceed to call an extraordinary general meeting, on the requisition made in writing, duly signed and setting out the matters for the consideration, made by

A general meeting of the producer company shall be called by giving not less than ____ in writing.

In case of a producer company, the proceedings of every AGM along with the Directors’ Report, the audited balance sheet and the profit and loss account shall be filed with the Registrar within ___.

The share capital of a producer company shall consist of ____.

Mr. Z, a member of a Producer Company, wants to transfer his shares. State which of the following is correct in this regard?

Mr. Z, a member of a Producer Company, wants to transfer his relative Mr. X who is not a member of the company. The price payable for the shares is 20% above the par value

Every producer company has to maintain books of account with respect to certain matters. For which of the following matter books are not required to be maintained:

Every member of producer company shall nominate a person to whom his shares in the producer company shall vest in the event of his death. Such nomination shall be made:

Which of the following is incorrect in relation to internal audit in case of a producer company?

Auditor of a producer company is required to report on certain additional matters relating to the producer company. Which of the following matter is not required to be reported:

A producer company may make donation or subscription to any institution or individual for the purpose of (a) promoting the social and economic welfare of producer member or producers or general public; or (b) promoting the mutual assistance principles. Donation or subscription can be made by:

A two-year-old Producer Company registered u/s 581C of the Companies Act, 1956 wants to donate some amount. As per the Profit & Loss account of the Producer Company for its last accounting year, net profit was Rs 20.00 Lacs. What amount it can donate?

A producer company can make directly or indirectly to any political party or for any political purpose to any person any contribution or subscription not exceeding:

A producer company may issue bonus shares by capitalization of amounts from general reserves in proportion to the shares held by the member on the date of the issue of such shares. Bonus issue can be made:

The Board of a producer company may, subject to the provisions made in articles, provide financial assistance to the members of the producer company by way of:

Anant Producer Company Limited was incorporated on 1st April 2003. The company wants to grants a loan of Rs 10,000 to Mr. Amit, a relative of a director of the company repayable within a period of 6 months. loan can be made with approval of

A producer company may invest, by way of subscription, purchase or otherwise, shares in any other company, other than a producer company or subscription of capital, for an amount not exceeding 30% of the aggregate of its paid-up capital and free reserves. Investments in excess of 30% requires

The investments of a producer company may be disposed, with the previous approval of-

If any person, other than a producer company registered under this part, carries on business under any name which contains the words “producer company limited”, he shall be punishable with fine

If a director or an officer of a producer company, who willfully fails to furnish any information relating to the affairs of the producer company required by a member or a person duly authorized in this behalf, he shall be liable to imprisonment for a term which may extend to ___ and with fine ___.

If a director or officer of a producer company fails to convene annual general or other general meetings, he shall be punishable with fine which may extend to ____, and in the case of a continuing default or failure, with an additional fine which may extend to ____.

In which of the following situations, Register shall make an order striking off the name of the Product Company:

As per Sec. 581ZP of Companies Act, 2013, the Registrar, in specified situations, shall make an order striking off the name of the Producer Company. Any member of a Producer Company, who is aggrieved by an order made under this section, may appeal to the-