answer the following MCQS

no need of explanation

100.Any casual vacancy on the board of a listed company shall be filled up by the directors at the earliest but not later than

(0.5 Points)

a) 120 days from the date, the vacancy occurred.

b) 60 days from the date, the vacancy occurred.

c) 90 days from the date, the vacancy occurred.

d) None of the above is correct

101.The persons who may wish to contest the election of directors are required to give notice to the company at least

(0.5 Points)

a) 7 days before election

b) 21 days before election

c) 14 days before election

d) None of the above is correct

102.After the alteration in capital clause of MOA, the company is required to file the resolution and the related documents i.e. altered copy of the MOA with the registrar within

(0.5 Points)

a) 15 days

b) 30 days

c) 60 days

d) 90 days

103.If the variation affects the substantive rights of any particular class of shareholders, it shall not be deemed to have been carried out unless

(0.5 Points)

a) Two third majority of that particular class agree to the alterations.

b) Fifty one percent majority of that particular class agree to the alterations.

c) Three fourth majority of that particular class agree to the alterations

d) Seventy percent majority of that class agree to the alterations

104.Any member or members of the affected class representing at least 10 percent shareholding of that class may apply for an order against the resolution varying their rights. They will apply to

(0.5 Points)

a) The registrar

b) The commission

c) The board of directors

d) The court

105.In case of variation in shareholders' rights of a particular class of members, 10% or more of the class of shareholders who are aggrieved by the variation of their rights may apply to the court, for an order cancelling the variation within

(0.5 Points)

a) 14 days

b) 21 days

c) 30 days

d) None of the above is correct

106.In case of variation in shareholders' rights of a particular class of members, the court may give its decision in favor or against the special resolution by the company. The company is required to forward a copy of the court decision to the registrar within

(0.5 Points)

a) 14 days of receipt of the order

b) 15 days of receipt of the order

c) 30 days of receipt of the order

d) None of the above is correct

107.The Companies Act, 2017 requires companies to have an authorized amount of share capital. Authorized share capital is the _______of shares (in each class) that the company may issue, it is expressed in terms of the nominal value of the shares.

(0.5 Points)

a) Minimum Amount

b) Maximum Amount

c) Maximum Capital

d) Maximum Investment

108.A share represents the ________of a shareholder in a limited liability in the event that the company is wound up with unpaid debts.

(0.5 Points)

a) Maximum responsibility

b) Maximum Liability

c) Maximum requirement

d) All of above

109.Whenever a company mentions its authorized capital in any advertisement or notice or in any statement, it shall mention the amount of its ____ capital as well in equally conspicuous letters and in equally prominent position.

(0.5 Points)

a) Paid Up

b) Invested

c) Paid Amount

d) All above