What is the definition of a 'Managing Director' as per Section 2(54) of the Companies Act, 2013?

A director who holds the majority of shares in the company.

A director who is entrusted with substantial powers of management.

A director who specializes in financial management.

A director who is elected by the shareholders.

Under what circumstances can a person hold the positions of both Chairman and Managing Director in a company?

If the company has multiple businesses.

If the company's articles contain provisions for such appointments.

If the person is an independent director.

If the company is a subsidiary of a government company.

Which class of companies is mandatorily required to appoint Key Managerial Personnel (KMP) as per Section 203 of the Companies Act, 2013?

Private companies with a paid-up share capital of Rs. 10 Crores or more.

Every listed company and private companies with a paid-up share capital of Rs. 5 Crores or more.

Every public company with a paid-up share capital of Rs. 10 Crores or more.

Every public company with a paid-up share capital of Rs. 5 Crores or more.

What is the primary reason for a director's office to become vacant as per Section 167 of the Companies Act, 2013?

The director is convicted of any offence.

The director has not paid any calls on the shares.

The director has been absent from board meetings for 6 months.

The director is disqualified by an order of the Tribunal.

How can a director be removed from his position as per the Companies Act, 2013?

By a resolution passed in a general meeting.

By a resolution passed in a Board meeting.

By the Director's own resignation.

What is the primary reason for disqualification from appointment as a director as per Section 164 of the Companies Act, 2013?

Being an undischarged insolvent

Not holding any shares in the company

Being convicted of an offence and sentenced to imprisonment for 6 months

Not having a Director Identification Number (DIN)

Management- 2 Free MCQ Practice Test with Solutions

	Company Law 81 docs\|44 tests

	Company Law 81 docs\|44 tests

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