answer the following MCQS

no need of explanation

150.Chairman of the meeting may order a ____ to be taken instead of voting by show of hands or after seeing the result of voting by show of hands.

(0.5 Points)

a) Poll

b) Booth

c) Ballot

d) None of above

151.______ is a formal document sent to each member at his registered address or such address which he has supplied to the company for communication purpose in case where he has no registered address in Pakistan; so that each member must be aware of the matters to be discussed.

(0.5 Points)

a) Information of meeting

b) Summon of the meeting

c) Notice of the meeting

d) All of above

152.The names and number of first directors shall be decided by the

(0.5 Points)

a) Members of the company

b) Promotors of the company

c) Subscribers to the memorandum

d) CEO of the company

153.Subsequent Chief Executive of a company is required to be appointed by the directors within

(0.5 Points)

a) 07 days of the election of Directors

b) 14 days of the election of directors

c) 21 days of the election of Directors

d) 30 days of the election of Directors

154.Which of the following ineligibility applies only to appointment of directors in a listed company:

(0.5 Points)

a) Is a minor

b) Is an undischarged insolvent

c) Has been convicted by a court for an offense involving moral turpitude

d) Has been declared by a court as defaulter in repayment of loan to a financial institution.

155. A director shall be treated to have vacated the office of director if he absents himself from

(0.5 Points)

a) Meetings held in the last three months

b) Meeting held in the last 120 days

c) Three consecutive meetings of the board of directors

d) Three consecutive meetings of the members

156.A company is not allowed to contribute any amount

(0.5 Points)

a) To any social purpose

b) To any dividend payment

c) To any political party

d) To any Zakat payment

157.The maximum number of director of a public company fixed by the Companies Act, 2017 is

(0.5 Points)

a) 07

b) 10

c) 50

d) Not specified by the companies act, 2017

158.The quorum for a meeting of directors of a listed company will not be less than

(0.5 Points)

a) Two-third of their number or 4 whichever is greater

b) One -third of their number or 4 whichever is greater

c) One-fourth of their number or 4 whichever is greater

d) Three-fourth of their number or 4 whichever is greater

159.A chief executive shall be a person who is vested with whole or substantially the whole, of the powers of the management of the affairs of the company. Being a member of the board of directors, he reports to

(0.5 Points)

a) The chairman of the company

b) The members of the company

c) The board of directors of the company

d) The company secretary of the company