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Test: Management- 1 - B Com MCQ


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10 Questions MCQ Test - Test: Management- 1

Test: Management- 1 for B Com 2024 is part of B Com preparation. The Test: Management- 1 questions and answers have been prepared according to the B Com exam syllabus.The Test: Management- 1 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Management- 1 below.
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Test: Management- 1 - Question 1
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In case of a casual vacancy of a director in a public company, who has the authority to fill the vacancy?

Detailed Solution for Test: Management- 1 - Question 1
As per Section 161(4) of the Companies Act, 2013, in the case of a public company, the Board of Directors has the authority to fill the casual vacancy of a director.
Test: Management- 1 - Question 2
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How many independent directors should a listed public company have as a minimum requirement?

Detailed Solution for Test: Management- 1 - Question 2
As per Section 149(4) of the Companies Act, 2013, every listed public company should have at least one-third of the total number of directors as independent directors.
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Test: Management- 1 - Question 3
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According to the Companies Act, 2013, how many directors should a public company have as a minimum requirement?

Detailed Solution for Test: Management- 1 - Question 3
As per Section 149(1) of the Companies Act, 2013, every public company should have a minimum of 3 directors.
Test: Management- 1 - Question 4
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What is the transition period provided for compliance with the residency requirement for directors?
Detailed Solution for Test: Management- 1 - Question 4
Section 149(5) of the Companies Act, 2013 provides a transition period of one year from the date of commencement (1st April, 2014) to comply with the residency requirement for directors.
Test: Management- 1 - Question 5
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Which class or classes of companies are required to appoint at least one woman director?
Detailed Solution for Test: Management- 1 - Question 5
As per Rule 3 of the Companies (Appointment and Qualification of Directors) Rules, 2014, every listed company and every other public company with a paid-up share capital of Rs 100 crore or more, or a turnover of Rs 300 crore or more, is required to appoint at least one woman director.
Test: Management- 1 - Question 6
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When should a person proposed to be appointed as a director furnish their Director Identification Number (DIN)?
Detailed Solution for Test: Management- 1 - Question 6
As per Section 152(4) of the Companies Act, 2013, a person proposed to be appointed as a director should furnish their Director Identification Number (DIN) before the appointment by the company in general meeting.
Test: Management- 1 - Question 7
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Which type of director is appointed in place of another director during their absence from India for a period of not less than 3 months?
Detailed Solution for Test: Management- 1 - Question 7
Section 161(2) of the Companies Act, 2013 provides for the appointment of an Alternate Director, who is appointed in place of another director during their absence from India for a period of not less than 3 months.
Test: Management- 1 - Question 8
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What is the term of office for an additional director?
Detailed Solution for Test: Management- 1 - Question 8
Section 161(1) of the Companies Act, 2013 states that an additional director holds office up to the date of the next annual general meeting or the last date on which the annual general meeting should have been held, whichever is earlier.
Test: Management- 1 - Question 9
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In case of a listed company, what should be the minimum period of notice for giving candidature of a person for directorship?
Detailed Solution for Test: Management- 1 - Question 9
As per Rule 13 of the Companies (Appointment and Qualification of Directors) Rules, 2014, a person's candidature for directorship in a listed company should be given not less than 14 days before the general meeting.
Test: Management- 1 - Question 10
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Who can nominate a person to act as a director in a company?
Detailed Solution for Test: Management- 1 - Question 10
As per Section 161(3) of the Companies Act, 2013, the Board may appoint a person as a director nominated by any institution in pursuance of the provisions of any law for the time being in force or of any agreement or by the Central Government or the State Government by virtue of its shareholding in a Government company.
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