Q. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ Member of directors need to retire every year
✅ Correct Answer: (D)
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Corporate Laws MCQs and Notes
Q. Directors are ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of he powers conferred on then and they must exercise those powers bonafide and for the benefit of the company.
✅ Correct Answer: (A)
Trustee
Q. The managing directors hold the ‐‐‐‐‐‐‐‐‐‐‐‐‐ shares of the company.
✅ Correct Answer: (C)
Qualification
Q. The maximum remuneration paid to a manager cannot exceed ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ percent of the annual net profit
✅ Correct Answer: (B)
5%
Q. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ vacancy is caused by resignation, death, insolvency or insanity
✅ Correct Answer: (A)
Casual
Q. A elected director can be terminated by the
✅ Correct Answer: (D)
Central Government
Q. The office of a director becomes vacant if he fails to obtain his qualification shares within ‐‐‐‐‐‐‐‐‐‐‐‐‐
✅ Correct Answer: (C)
2 months
Q. According to sec.225, the directors should be appointed in he ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
✅ Correct Answer: (B)
General Meeting
Q. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the supreme policy framing and decision making organ of a company.
✅ Correct Answer: (A)
Board of directors
Q. A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ may be defined as a person having aontrol over the affairs, conduct and management of a company.
✅ Correct Answer: (B)
Director