MCQs for CA Final Exam - CAFinal[dot]Org: Complete Learning Portal for CA Final Students

Quiz

Q1. First Directors of a Company shall be appointed in the following manner: 1. based on manner provided in AOA 2. all subscribers to the MOA who are individuals shall be deemed to be directors 3. whose name is mentioned in the AOA Which of the following is a correct sequence to follow in appointment of First Directors?

2,1,3

3,1,2

1,2,3

3,2,1

Q2. Mr. Soham was appointed as a small shareholder’s director of XYZ Limited, which is in the business of Oil drilling ,refining and marketing. Subsequently, A Limited and B Limited have also appointed him as small shareholder’s director. A is engaged in the business of Oil Refining too whereas B in the business of manufacturing oil rig equipments. Are these appointments valid?

Both appointments are invalid

Appointment in only one of either of them is valid.

Appointment in only B Ltd. is valid

Appointment in only A Ltd. is valid

Q3. Ms. Lata was an Independent Director of XYZ Ltd. in the year ended 2014. Now, after a gap of 4 years i.e. in the year 2018 Company seeks to reappoint her again. Will the appointment be valid? If yes, how can the appointment be made?

Q4. Mr. Kaushik holding position as Independent Director of PQR Ltd. contravened the provisions of Sec 149(6). What is the consequence of such contravention?

Needs to vacate office

Can continue as NED

Can be removed u/s 169

(b) or (C)

Q5. A Small Shareholder’s Director needs to vacate office if he:

Incurs disqualification u/s 164

Attracts sec 167

Ceases to be independent

All of the above

Q6. Ms. Simple appointed as First director of Company Basic Ltd. wishes to know her tenure as First Director.

5 years

3 years

UntilnextAGM

Until appointment of directors in GM

Q7. A person cannot act as director until he files his consent with ROC in Form No. DIR-2 within 30 days of appointment. However, exception to following is given to

Director of Government company

Director of Sec 8 Company

First Director

All of the above

Q8. DFG Ltd. appoints its Directors in GM however they wish to know if any director can be appointed at BOD meeting. Which of the following Director can be in BM?

Additional Director- 161(1)

Alternate Director-161(2)

Nominee Director-161(3)

All of the above

Q9. A and B were appointed as first directors on 8th April, 2018 in Sun Glass Ltd. Thereafter, C, D and E were appointed as directors on 10th July 2018 and F, G and H were also appointed as directors on 11th August 2018 in the company. In the next AGM of the company, A and B were proposed to be retired by rotation and re-appointed as directors. Is the proposal for retirement by rotation and re-appointment of A and B valid?

No, they can retire but not be reappointed

A and B cannot be rotated as they were First Directors of the Company

A and B can both retire by rotation and be reappointed

None of the above

Q10. Mr. Soham was appointed as a small shareholder’s director of XYZ Limited, which is in the business of Oil refining. Subsequently, A Limited and B Limited have also appointed him as small shareholder’s director. A is engaged in the manufacture of stationeries whereas B in the business of manufacturing bearings. Are these appointments valid?

Both appointments are invalid

Both appointments are valid

Appointment in only one of either of them is valid

Appointment in only A Ltd. is valid