Final PN-13 Corporate and Economic Laws Quiz 3

1. Any Act done by directors beyond authority, is considered as;

2. Powers of the majority is subject

3. When a transferor company is a listed company and transferee company is any unlisted company, the transferee company  .

4. On amalgamation, the following are transferred to the transferee company

5. The Auditors has to confirm in the scheme that

6. In case of merger, the transferor company is:

7. The investigating officer has the power of inspection, taking evidence etc. as per

8. If a company wants to punish an employee or officer of a company, it has to take permission of:

9. The provisions relating to investigation are provided in which chapter of the Act?

10. Board of directors are supposed to address their report to –

11. Majority of members of the audit committee shall be-

12. In case chairman is executive, at least             of the Board members shall be independent director.

13. The decision to authorize buy back by Board can be made by-

14. SFIO stands for

15. Minutes are supposed to be kept at:

16. Minutes of Board meeting are to be preserved for-

17. Minutes of the Board meeting are to be signed by-

18. If             of the directors require that a resolution under circulation be placed in the Board meeting for decision, it has to be complied with.

19. For Board meeting, quorum as per the Act is:

20. Independent directors, separately. shall meet               in a calendar year.

21. Majority of audit committee members shall be:

22. Related party transaction is provided under Schedule:

23. Power of Board of directors may be restricted subject to:

24. Board’s Report is addressed to-

25. Independent directors are not entitled to get-