MCQ-F401

JavaScript isn't enabled in your browser, so this file can't be opened. Enable and reload.

MCQ-F401

MCQ for CA Final - Paper 4 - Law (Old & New)
Solve & Evaluate Yourself
Each question carry 1 point
View your Score after submit.

Full Name *

This is a set of 10 questions, each ques carry 1 point, lets see how much you score.

From the following information in respect of company ABC Ltd. Compute the amount the company is required to spend on account of Corporate Social Responsibility for the Financial Year 2017-2018, when Net Profits for FY 2014-15, 15-16, 16-17 were 30, 20, 27 (in crores) respectively *

1 point

26 Crore

52 Lacs

55 Lacs

26 Lacs

Mr. B, director of XRL Company from 2006. He got his DIN allotted to him on May 6, 2017. By what date he should have intimated his DIN to XRL Company? *

1 point

Before May 20, 2017

Before June 6, 2017

Before July 6, 2017

Before August 6, 2017

Mr. Raman, is appointed as valuer in April, 2018 in ABC Ltd. He undertook the valuation of the assets of the company in 2018. In case Mr. Raman becomes interested in anyproperty, stock etc of the company, he may be not be eligible to undertake valuation in suchproperty of the company till: *

1 point

2019

2020

2021

He will never be appointed as Registered Valuer of ABC Ltd.

PQR Company give its assent to give guarantee to ABZ Company on the taking of loan from financial institution. According to the Companies Act, 2013, the said act should be approved by the Board of Directors. State the mode of approval adopted by the board of directors of PQR company- *

1 point

Board shall give approval for giving guarantee on the loan by simple majority

Board shall give approval by passing circular resolution.

Board shall give approval by passing resolution through special majority

Board shall give unanimous approval

Mr. X, a director of the company, intimated of his participation in the meeting scheduled on August, 2018. He declared his participation through electronic mode, in April 2017. State whether Mr. X is entitled to participate in the meeting to be conducted in August 2018 – *

1 point

Yes, intimation about such participation was made at the beginning of the calendar year

No, because intimation was made in previous calendar year

Yes, because company was intimated of its participation in the meeting.

No, because valid period of declaration (i.e., 1 year) of his participation expired.

In compliance to the Companies Act, 2013, at least one woman director shall be on Board of such class or classes of companies as may be prescribed. Ms. Riya is keen to hold the office of woman director in a company. She has selected some companies in which there is a vacancy for the woman director. Advice Ms. Riya in selecting the companies which are mandatorily required to appoint a woman director: *

1 point

PQR Limited which is a unlisted company and having paid up share capital of 150 crore rupees as per the last date of latest audited financial statements.

ABC Limited which is a listed company and having a turnover of 150 crore rupees as per the last date of latest audited financial statements.

XYZ Limited which is a unlisted company and having a turnover of 350 crore rupees as per the last date of latest audited financial statements.

Both in ABC Limited and XYZ Limited

A director of XYZ, a Pvt. Ltd. takes a loan from its company. Due to some reasons, he fails to repay the debt within the given time period. He request board of directors to give him time for repayment of debt. State which of the below statements is correct with respect to the exercise of the power in the given situation as per the Companies Act, 2013- *

1 point

Power to fix the time limit for repayment of any debt due from director can be exercised only by members by special resolution at a general meeting.

Power to fix the time limit for repayment of any debt due from director can be exercised by Board of the company itself.

Power to fix the time limit for repayment of any debt due from director can be exercised with the prior permission of the company in general meeting while taking debt.with the prior permission of the company in general meeting while taking debt.

Board shall not exercise this power if the provision related to repayment of debt is contained in the articles of the company.

Under what circumstances the meeting of the creditors may be dispensed by the NCLT? *

1 point

if 70% of the creditors in value agree and confirm to the scheme by way of affidavit

if 80% of the creditors in value agree and confirm to the scheme by way of affidavit

if 90% of the creditors in value agree and confirm to the scheme by way of affidavit

None of the above

When can an application be made to Tribunal for constitution of a winding up committee to assist and monitor the progress of liquidation proceedings by the Company Liquidator incarrying out the function? *

1 point

Within two weeks from the date of passing of winding up order

Within three weeks from the date of passing of winding up order

Within four weeks from the date of passing of winding up order

Within six weeks from the date of passing of winding up order

A Ltd, appointed Mr. A & Mr. B as directors of the Company, by passing of single resolution for election of these two. Later on it came in the notice of the Company that there might be some confusion regarding the compliance of the applicable provisions. State the correct statement in the light of the Companies Act, 2013 as to the an appointment and to the validity of acts of said appointed directors ? *

1 point

Void Appointment & acts of the directors are void ab-inito.

Void Appointment & acts of the directors are valid until defect in the appointment is shown to the Company

Valid Appointment & so acts are also valid.

Appointment is valid subject to ratification by shareholder in general meeting.

Submit

Clear form

Never submit passwords through Google Forms.

Forms

This content is neither created nor endorsed by Google.