Question # 1

The minimum number of directors in a public ltd. company:

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Seven

Nine

Eleven

Two

The shareholders should be informed about the statutory meeting least:

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14 days before

21 days before

7 days before

None of these

The details of the allotted shares is mentioned in

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Statutory report

Annual meeting report

Special meeting report

All of them

People who run the management of a joint stock company are:

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Shareholders

Creditors

Directors

Debenture holders

The directors are selected by:

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Shareholders

Promoters

Board of directors

All three can do

An ordinary resolution is passed for

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Winding up of company

Section of statutory company

Not announcing the dividend

All of them

The minimum number of directors in a multimembers private ltd. company:

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Five

Seven

Two

Not fixed

What is the time duration in which a public company is bound to call a general meeting after getting certificate of incorportaion:

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6 months

9months

12months

16months

Who provides the capital for co-operative society:

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Government

Members

Banks

None of these

After the formation of a company, the first meeting of shareholder is called:

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Statutory meeting

Annual general meeting

Extra ordinary meeting

None of these

Who can be a director of a company:

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Immature / Minor

Artificial person

Representative of the creditor

Insolvent person

To whom does the directors of a company submit the copy of profit and loss account:

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Company's registrar

Company's auditor

Company's creditor

None of these

The objective of a statutory meeting is

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To raise funds

To settle preference

To gain the confidence of company's shareholders

To sell the shares

For how much time the directors are selected in public ltd. company:

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2 years

3 years

7 years

10 years

What is not necessary for a private company:

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Statutory meeting

Statutory report

Both (a) & (b)

None of these

An ordinary resolution is passed for:

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Winding up of company

Section of statutory company

Not announcing the dividend

All of them

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Principle of Commerce Icom Part 1 English Medium Chapter 7 Online Test MCQs With Answers

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