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

Quiz

Q1. A Director can resign:

In Writing

Orally

By absenting from BM

Only a. and b

Q2. A Director who fails to attend all Board Meetings for a period of 12 months with leave of absence shall be:

Disqualified u/s 164

Vacate Office u/s 167

Shall not be eligible for reappointment

All of these

Q3. Contravention of sec 184 by Director shall result in:

Disqualified u/s 164

Vacate Office u/s 167

Shall not be eligible for reappointment

All of these

Q4. A person who knowingly functions as a Director after vacation from the Directorship u/s 169 shall be punishable with:

Imprisonment: 1 year Or Fine: 1 to 5 Lakh Or Both

Imprisonment: 2 year Or Fine: 5 to 10 Lakh Or Both

Imprisonment: 6 mts Or Fine: upto 1 Lakh Or Both

Imprisonment: 1 year Or Fine: 5 to 10 Lakh Or Both

Q5. Is it incumbent upon the Director to report to Registrar on resigning from Directorship?

Yes, mandatorily under Companies Act, 2013

No, he may do so but not necessarily required to

Yes, only if the Company has failed to report the same

None of these

Q6. Where all Directors of a Company vacated office due to order of Tribunal /Court disqualifying them, the Directors shall be appointed by:

Promoters

First a. then b

First b. then a

Q7. Mr. Snail, a director of LMN Ltd. assigned his office to his son when he went on a vacation abroad for 1 week. Is the act of the director valid? What repercussions will he face?

Q8. If the Director is holding such Directorship by virtue of his employment at certain position in the Company or its Holding or Subsidiary etc: then if that position is lost , the Director shall:

Disqualified u/s 164

Vacate Office u/s 167

Shall not be eligible for reappointment

All of these

Q9. What shall be the tenure of office of the aforementioned Director(s):

CG determined tenure

Next AGM where new Directors shall be appointed

Next GM where new Directors shall be appointed

Upto next GM whether or not appointments are made thereat

Q10. Directorships which the Director shall leave in case the Maximum No of Directorships is exceeded shall be:

Intimated by Registrar to him

He/ She himself shall decide

Companymaypass resolution telling Director

Intimated by CG

Q11. Form for intimation to be used by the Company to notify Registrar of resignation of Director:

DIR-1

DIR-2

DIR-11

DIR-12

Q12. A Director who is removed from office u/s 169 shall:

Disqualified u/s 164

Vacate Office u/s 167

Shall not be eligible for reappointment

All of these

Q13. Private company may:

Provide additional grounds for Vacation other than mentioned u/s 167

Cancel grounds for Vacation mentioned u/s 167

Increase the threshold of imprisonment period attracting vacation from >6 months to >12months

None

Q14. A Director who fails to attend all Board Meetings for a period of 12 months without leave of absence shall be:

Disqualified u/s 164

Vacate Office u/s 167

Shall not be eligible for reappointment

All of these

Q15. The BOD shall have following duty on receipt of resignation of Director: