All Courses
Get the App Signup / Login
Sign in Open App
B Com Exam  >  B Com Tests  >  Company Law  >  Test: Company Meetings- 1 - B Com MCQ

Test: Company Meetings- 1 - B Com MCQ


Test Description

10 Questions MCQ Test Company Law - Test: Company Meetings- 1

Test: Company Meetings- 1 for B Com 2024 is part of Company Law preparation. The Test: Company Meetings- 1 questions and answers have been prepared according to the B Com exam syllabus.The Test: Company Meetings- 1 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Company Meetings- 1 below.
Solutions of Test: Company Meetings- 1 questions in English are available as part of our Company Law for B Com & Test: Company Meetings- 1 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- 1 | 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- 1 - Question 1
Save

What is the purpose of a company's annual general meeting?

Detailed Solution for Test: Company Meetings- 1 - Question 1
The annual general meeting of a company serves the purpose of reviewing the company's financial statements, discussing its financial performance, and electing directors. It provides an opportunity for shareholders to be informed about the company's activities and make decisions about its management.
Test: Company Meetings- 1 - Question 2
Save

When should a company's first annual general meeting be held?

Detailed Solution for Test: Company Meetings- 1 - Question 2
A company's first annual general meeting must be held within 18 months from the date of its incorporation. If the meeting is held within this period, the company is not required to hold any annual general meeting in the year of its incorporation or the following year.
1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Company Meetings- 1 - Question 3
Save

What is the consequence of not delivering the statutory report to the Registrar?

Detailed Solution for Test: Company Meetings- 1 - Question 3
If a company fails to deliver the statutory report to the Registrar or hold the statutory meeting, the Court may order the compulsory winding up of the company. This emphasizes the importance of complying with these requirements.
Test: Company Meetings- 1 - Question 4
Save
Which type of meeting is not required for private companies?
Detailed Solution for Test: Company Meetings- 1 - Question 4
Private companies are not required to hold a statutory meeting. However, they are required to hold annual general meetings and other general meetings as per the Companies Act.
Test: Company Meetings- 1 - Question 5
Save
What is the purpose of a statutory meeting?
Detailed Solution for Test: Company Meetings- 1 - Question 5
The purpose of a statutory meeting is to provide shareholders with important facts about the company, such as shares allotted, cash received, contracts entered into, and preliminary expenses. This meeting allows shareholders to discuss the company's management methods and prospects.
Test: Company Meetings- 1 - Question 6
Save
In which meeting must the company provide a list of members' names, addresses, and share holdings?
Detailed Solution for Test: Company Meetings- 1 - Question 6
The company is required to provide a list of members' names, addresses, and share holdings at the commencement of the statutory meeting. This information is accessible to any member during the meeting.
Test: Company Meetings- 1 - Question 7
Save
What action should a company take if it holds its first annual general meeting within 12 months of incorporation?
Detailed Solution for Test: Company Meetings- 1 - Question 7
If a company holds its first annual general meeting within 12 months of incorporation, it is not required to hold any more annual general meetings in the current year or the following year.
Test: Company Meetings- 1 - Question 8
Save
Who certifies the correctness of the statutory report in relation to shares allotted and cash received?
Detailed Solution for Test: Company Meetings- 1 - Question 8
The auditors of the company must certify the correctness of the statutory report in relation to shares allotted by the company, the cash received, and the receipts and payments of the company.
Test: Company Meetings- 1 - Question 9
Save
What is the primary objective of an annual general meeting?
Detailed Solution for Test: Company Meetings- 1 - Question 9
The primary objective of an annual general meeting is to review the company's financial statements, discuss its financial performance, and make decisions related to its management.
Test: Company Meetings- 1 - Question 10
Save
What is the penalty for default in complying with the provisions of a statutory meeting?
Detailed Solution for Test: Company Meetings- 1 - Question 10
If there is a default in complying with the provisions of a statutory meeting, the directors or officers of the company who are in default may be liable to a fine of up to Rs. 500.
81 docs|44 tests
Join Course
Information about Test: Company Meetings- 1 Page
In this test you can find the Exam questions for Test: Company Meetings- 1 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Company Meetings- 1, EduRev gives you an ample number of Online tests for practice
81 docs|44 tests
Join Course
Download as PDF

Important Questions for Company Meetings- 1

Find all the important questions for Company Meetings- 1 at EduRev.Get fully prepared for Company Meetings- 1 with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Company Meetings- 1 syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Company Meetings- 1 resources.

Company Meetings- 1 MCQs with Answers

Prepare for the Company Meetings- 1 within the B Com exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Company Meetings- 1 Company Law

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Company Meetings- 1 with ease. Join thousands of successful students who have benefited from our trusted online resources.
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup