Producer Company – Test 2

As per Sec. 581ZR of Companies Act, 1956, all the limitations, restrictions and provisions of this Act, other than those specified, applicable to a private company, shall, as far as may be, apply to a producer Company, as if it is a private limited company under this Act. Minimum number of individual members to form an incorporated company as a producer company under the Companies Act, 1956 are:

As per Sec. 581ZR of Companies Act, 1956, all the limitations, restrictions and provisions of this Act, other than those specified, applicable to a private company, shall, as far as may be, apply to a producer Company, as if it is a private limited company under this Act. Minimum number of producer institutions to form an incorporated company as a producer company under the Companies Act, 1956 are:

As per Sec. 581ZR of Companies Act, 1956, all the limitations, restrictions and provisions of this Act, other than those specified, applicable to a private company, shall, as far as may be, apply to a producer Company, as if it is a private limited company under this Act. Minimum number of individual and producer institutions in combination, to form an incorporated company as a producer company under the Companies Act, 1956 are:

On registration, the Producer Company shall become a body corporate as if it is a ____.

In the case of a producer company, where the membership consists solely of individual members, the voting rights shall be

In the case of a producer company, where the membership consists of producer institutions only, the voting rights shall be

In the case of a producer company, where the membership consists of individuals and producer institutions, the voting rights shall be

Every Member of producer company shall initially receive only such value for the producer or products pooled and supplied as the Board of Producer Company may determine. The withheld price may be disbursed later-

Every Member of producer company shall, on the share capital contributed, receive only a limited return. Limited return implies:

In case of producer company, the surplus if any, remaining after making provision for payment of limited return and reserves, may also be disbursed as _____, amongst the members, its proportion to their_____.

Any amendment of the articles of a producer company shall be proposed by

As per Sec. 581ZR of Companies Act, 1956, the status of a producer company shall be that of a private company, Minimum number of directors in case of a producer company are:

Every producer company shall have not more than 15 directors. In case of Inter-State Co-operative Society incorporated as a producer company, such company may have more than 15 directors for a period of –

In case of a producer company, the election of Directors shall be conducted within _____ from the date of registration of the producer company. However, in the case of Inter-State Co-operative Society, which has been registered as producer company, the election shall be held within a period of _____.

In case of producer companies, the period of office of a director shall be

In case of a producer company, the Board may co-opt one or more expert directors or an additional director

Which of the following is incorrect in relation to expert directors in case of a producer company?

in which of the below mentioned situations, the office of the director of a producer company shall become vacant?

The office of the director of a producer company will not become vacant if:

In case of a producer company, which of the following powers can be exercised by a group of directors, who is not constitute the Board:

Which of the following powers, in case of a producer company, can be exercised only by means of resolutions passed at the AGM of its members, namely:

Which of the following, in case of producer company, do not necessarily require a resolution to be passed at the AGM of its members:

A meeting of the Board of a producer company shall be held not less than once in every ____ and at least ___ such meetings shall be held in every year.

Notice of every meeting of the Board of directors of a producer company shall be given in writing to every director for the time being in India, and at his usual address in India to every other director. the Chief Executive shall give notice as aforesaid not less than ____ prior to the date of the meeting of the Board and if he fails to do so, he shall be punishable with fine which may extend to _____.

The quorum for a meeting of the Board of a producer company shall be

which of the following is incorrect in relation to Chief Executive of a producer company?

Every producer company having an average annual turnover ____ shall have a whole time secretary

If a producer company fails to engage a whole-time secretary when required, the company and every officer of the company who is in default, shall be punishable with fine

Which of the following is correct in relation to quorum of a general meeting of a producer company?

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. Quorum for the Annual General Meeting will be: