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Test: Company Secretary- 2 - B Com MCQ


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10 Questions MCQ Test Auditing and Secretarial Practice - Test: Company Secretary- 2

Test: Company Secretary- 2 for B Com 2024 is part of Auditing and Secretarial Practice preparation. The Test: Company Secretary- 2 questions and answers have been prepared according to the B Com exam syllabus.The Test: Company Secretary- 2 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Company Secretary- 2 below.
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Test: Company Secretary- 2 - Question 1

What is the primary condition for a member of the Institute of Company Secretaries of India (ICSI) to be entitled to practice?

Detailed Solution for Test: Company Secretary- 2 - Question 1
To be entitled to practice, a member of the ICSI needs to obtain a Certificate of Practice from the Institute. This certificate allows them to engage in various professional activities related to company secretarial work.
Test: Company Secretary- 2 - Question 2

Which professional is required to sign the annual return of a company?

Detailed Solution for Test: Company Secretary- 2 - Question 2
As per Section 92 of the Companies Act, 2013, the annual return of a company should be signed by a director and the company secretary of the company. In cases where there is no company secretary, the annual return should be signed by a company secretary in practice.
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Test: Company Secretary- 2 - Question 3

Which section of the Companies Act, 2013 defines the term "company secretary in practice"?

Detailed Solution for Test: Company Secretary- 2 - Question 3
The term "company secretary in practice" is defined in Section 2(25) of the Companies Act, 2013. This section refers to the Company Secretaries Act, 1980, which outlines the scope and activities of company secretaries in practice.
Test: Company Secretary- 2 - Question 4
What activities are included in the role of a company secretary in practice as defined by the Companies Act, 2013?
Detailed Solution for Test: Company Secretary- 2 - Question 4
As per the definition provided in the Companies Act, 2013, a company secretary in practice can engage in various activities, including issuing certificates on behalf of or for the purposes of a company. This role involves providing attestations and verifications related to company matters.
Test: Company Secretary- 2 - Question 5
Which professional is not mentioned in the list of experts defined in Section 2(38) of the Companies Act, 2013?
Detailed Solution for Test: Company Secretary- 2 - Question 5
Section 2(38) of the Companies Act, 2013 defines an expert as including an engineer, valuer, chartered accountant, company secretary, cost accountant, and others. However, a medical doctor is not included in this list of experts.
Test: Company Secretary- 2 - Question 6
In the context of incorporation of a company, what declaration is required from a company secretary in practice?
Detailed Solution for Test: Company Secretary- 2 - Question 6
For the incorporation of a company, a declaration is required from a company secretary in practice. This declaration should state that all the requirements of the Companies Act and related rules pertaining to registration and other matters are complied with.
Test: Company Secretary- 2 - Question 7
Under what circumstances can a company secretary in practice be held liable for a fine related to the certification of the annual return?
Detailed Solution for Test: Company Secretary- 2 - Question 7
If a company secretary in practice certifies an annual return that is not in conformity with the requirements of Section 92 of the Companies Act, 2013, they can be held liable for a fine ranging from Fifty thousand to Five Lakh rupees.
Test: Company Secretary- 2 - Question 8
What role does the secretarial audit report play in the context of a company's Board of Directors report?
Detailed Solution for Test: Company Secretary- 2 - Question 8
According to Clause (f) of Sub-section (3) of Section 134 of the Companies Act, 2013, the Board of Directors' report should include explanations or comments by the Board on every qualification, reservation, or adverse remark made by the company secretary in practice in their secretarial audit report.
Test: Company Secretary- 2 - Question 9
What qualification is required for an individual to be appointed as a technical member of the National Company Law Tribunal?
Detailed Solution for Test: Company Secretary- 2 - Question 9
Among other qualifications, an individual can be appointed as a technical member of the National Company Law Tribunal if they have proven ability, integrity, and standing, along with special knowledge and experience of not less than fifteen years in disciplines such as law, industrial finance, industrial management, and more, related to management, conduct of affairs, revival, rehabilitation, and winding up of companies.
Test: Company Secretary- 2 - Question 10
What is the role of a company secretary in practice conducting secretarial audit under Section 204 of the Companies Act, 2013?
Detailed Solution for Test: Company Secretary- 2 - Question 10
A company secretary in practice conducting secretarial audit under Section 204 of the Companies Act, 2013, has the same powers and duties as an auditor of the company. Their role is to ensure compliance with legal and procedural matters related to the company's secretarial and related records.
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