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B Com Exam  >  B Com Tests  >  Company Law  >  Test: Company Meetings- 2 - B Com MCQ

Test: Company Meetings- 2 - B Com MCQ


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10 Questions MCQ Test Company Law - Test: Company Meetings- 2

Test: Company Meetings- 2 for B Com 2024 is part of Company Law preparation. The Test: Company Meetings- 2 questions and answers have been prepared according to the B Com exam syllabus.The Test: Company Meetings- 2 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Company Meetings- 2 below.
Solutions of Test: Company Meetings- 2 questions in English are available as part of our Company Law for B Com & Test: Company Meetings- 2 solutions in Hindi for Company Law course. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free. Attempt Test: Company Meetings- 2 | 10 questions in 10 minutes | Mock test for B Com preparation | Free important questions MCQ to study Company Law for B Com Exam | Download free PDF with solutions
Test: Company Meetings- 2 - Question 1
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What is the maximum gap allowed between two consecutive annual general meetings according to the provided information?

Detailed Solution for Test: Company Meetings- 2 - Question 1
As per the provided information, the gap between one annual general meeting and the next should not exceed fifteen months. This ensures that companies hold regular meetings to keep shareholders informed and engaged in the affairs of the company.
Test: Company Meetings- 2 - Question 2
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In which case is the meeting held on the adjourned date considered as a continuation of the earlier meeting?

Detailed Solution for Test: Company Meetings- 2 - Question 2
According to the information provided, if an annual general meeting is adjourned and the adjourned meeting includes the adoption of the Balance Sheet and Profit and Loss Account, then it is considered a continuation of the earlier meeting. This means that Section 220(I) is not violated in this case.
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Test: Company Meetings- 2 - Question 3
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Who has the authority to convene an annual general meeting?

Detailed Solution for Test: Company Meetings- 2 - Question 3
As stated in the provided information, the proper authority to convene an annual general meeting is the Board of Directors. If any other officer calls a meeting without proper authority, the Board must ratify the act before the meeting takes place.
Test: Company Meetings- 2 - Question 4
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What is the minimum notice period required for convening any general meeting, including the annual general meeting, of a public company?
Detailed Solution for Test: Company Meetings- 2 - Question 4
According to the information provided, a public company must give at least 21 days' notice for convening any general meeting, including the annual general meeting. This ensures that shareholders have sufficient time to prepare for and attend the meeting.
Test: Company Meetings- 2 - Question 5
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What is the maximum time period by which the Central Government can extend the time for holding an annual general meeting for a company, under special circumstances?
Detailed Solution for Test: Company Meetings- 2 - Question 5
The Central Government can extend the time within which any annual general meeting is required to be held by a period not exceeding 3 months for special reasons. However, this extension cannot be applied to the first annual general meeting of a company.
Test: Company Meetings- 2 - Question 6
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What is the primary purpose of an annual general meeting for a company?
Detailed Solution for Test: Company Meetings- 2 - Question 6
The primary purpose of an annual general meeting is to present and approve the company's financial statements, including the Balance Sheet and Profit and Loss Account. Shareholders also have the opportunity to ask questions about the accounts and make decisions regarding dividends and director appointments.
Test: Company Meetings- 2 - Question 7
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What is an extraordinary general meeting?
Detailed Solution for Test: Company Meetings- 2 - Question 7
An extraordinary general meeting is a meeting held between two consecutive annual general meetings for discussing urgent or special business that cannot wait until the next annual general meeting. It allows the company to address important matters promptly.
Test: Company Meetings- 2 - Question 8
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Who is responsible for convening an extraordinary general meeting if the Board of Directors fails to call one?
Detailed Solution for Test: Company Meetings- 2 - Question 8
If the Board of Directors fails to call an extraordinary general meeting, the members or requisitionists have the right to call such a meeting. The meeting must be called within 45 days of the deposit of the requisition, and the Board is obligated to comply.
Test: Company Meetings- 2 - Question 9
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What power does the Chairman of a meeting have with regards to excluding certain matters from the minutes?
Detailed Solution for Test: Company Meetings- 2 - Question 9
The Chairman of a meeting has the authority to exclude matters from the minutes that are irrelevant, immaterial, or detrimental to the company's interests. This ensures that the minutes accurately capture the essential proceedings of the meeting.
Test: Company Meetings- 2 - Question 10
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What is the purpose of recording minutes of a company's meetings?
Detailed Solution for Test: Company Meetings- 2 - Question 10
The purpose of recording minutes of a company's meetings is to create a detailed and accurate record of the proceedings. These minutes serve as legal evidence of what transpired during the meeting and help ensure transparency and accountability in the company's decision-making processes.
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