Final PN-13 Corporate and Economic Laws Quiz 3

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

Powers of the majority is subject

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

On amalgamation, the following are transferred to the transferee company

The Auditors has to confirm in the scheme that

In case of merger, the transferor company is:

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

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

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

Board of directors are supposed to address their report to –

Majority of members of the audit committee shall be-

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

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

SFIO stands for

Minutes are supposed to be kept at:

Minutes of Board meeting are to be preserved for-

Minutes of the Board meeting are to be signed by-

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

For Board meeting, quorum as per the Act is:

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

Majority of audit committee members shall be:

Related party transaction is provided under Schedule:

Power of Board of directors may be restricted subject to:

Board’s Report is addressed to-

Independent directors are not entitled to get-