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Test: Company Meetings- 3 - B Com MCQ


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10 Questions MCQ Test - Test: Company Meetings- 3

Test: Company Meetings- 3 for B Com 2024 is part of B Com preparation. The Test: Company Meetings- 3 questions and answers have been prepared according to the B Com exam syllabus.The Test: Company Meetings- 3 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Company Meetings- 3 below.
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Test: Company Meetings- 3 - Question 1
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What is a vote in a company's general meeting?

Detailed Solution for Test: Company Meetings- 3 - Question 1
A vote in a company's general meeting refers to the formal expression of the will of the members for or against a proposal. It is the mechanism by which decisions are made regarding matters proposed and recommended in the meeting.
Test: Company Meetings- 3 - Question 2
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Which type of shares allow voting only on motions affecting their capital rights?

Detailed Solution for Test: Company Meetings- 3 - Question 2
Preference shares allow voting only on those motions that affect the rights attached to their capital. Ordinary shares, on the other hand, generally confer full voting rights to their holders.
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Test: Company Meetings- 3 - Question 3
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When can a poll be demanded during a general meeting?

Detailed Solution for Test: Company Meetings- 3 - Question 3
A poll can be demanded when there is dissatisfaction among the members with the result of voting by a show of hands. A poll involves counting the number of votes cast for and against a motion.
Test: Company Meetings- 3 - Question 4
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In the case of a public company, what proportion of voting power is required to demand a poll?
Detailed Solution for Test: Company Meetings- 3 - Question 4
In the case of a public company, a poll can be demanded by any member or members holding shares that confer a power to vote on the resolution not being less than one-tenth of the total voting power in respect of the resolution.
Test: Company Meetings- 3 - Question 5
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When is a special resolution required to be passed?
Detailed Solution for Test: Company Meetings- 3 - Question 5
A special resolution is required to be passed when a matter involves the alteration of the memorandum or articles of the company. This type of resolution has specific requirements, including proper notice and a higher threshold of votes in favor.
Test: Company Meetings- 3 - Question 6
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Who has the power to regulate the manner in which a poll shall be taken?
Detailed Solution for Test: Company Meetings- 3 - Question 6
The Chairman of the meeting has the power to regulate the manner in which a poll shall be taken, as per Section 185(1).
Test: Company Meetings- 3 - Question 7
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When can a poll be taken on the question of adjournment?
Detailed Solution for Test: Company Meetings- 3 - Question 7
A poll demanded on the question of adjournment or the election of the Chairman shall be taken forthwith, meaning it should be conducted immediately upon demand.
Test: Company Meetings- 3 - Question 8
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What is a proxy in the context of company meetings?
Detailed Solution for Test: Company Meetings- 3 - Question 8
A proxy is a person appointed by a member to attend and vote on their behalf at a company meeting. Proxies have the authority to vote in accordance with the wishes of the appointing member.
Test: Company Meetings- 3 - Question 9
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What type of resolution requires the mover to give a special notice before moving it?
Detailed Solution for Test: Company Meetings- 3 - Question 9
A resolution requiring special notice is a type of ordinary resolution, but the mover of the proposed resolution is required to give a special notice of 14 days to the company before moving the resolution. This is to ensure that the company and its members are properly informed in advance.
Test: Company Meetings- 3 - Question 10
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In what situations can a proxy vote on behalf of a member?
Detailed Solution for Test: Company Meetings- 3 - Question 10
A proxy can vote on behalf of a member only on a poll voting. This means that when a poll is demanded, proxies can participate and cast votes as directed by the appointing members. On a show of hands voting, proxies generally cannot vote.
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