Company Secretery Multiple Choice Questions And Answers

11)In case of buyback of shares by a listed company, the letter of offer to the shareholders shall be dispatched not earlier than –
(a) 10 days from its submission to the SEBI in draft form
(b) 15 days from its submission to the SEBI in draft form
(c) 21 days from its submission to the SEBI in draft form
(d) 30 days from its submission to the SEBI in draft form
Ans: (c)

12) The majority required in a shareholders’ meeting to approve a scheme of arrangement is simple majority of shareholders holding at least
–
(a) 3/4th in value of the shares
(b) 2/3rd in value of the shares
(c) 9/10th in value of the shares
Ans: (a)

13) The audit committee of a listed company shall meet at least –
(a) 3 times in a year
(b) 4 times in a year
(c) 5 times in a year
(d) 6 times in a year
Ans: (b)

14) Non-executive directors of a public company may get remuneration on quarterly basis if such basis of payment is approved by/under –
(a) Articles of association of the company
(b) General meeting of the company
(c) Central Government
(d) Schedule XIII of the Companies Act, 1956
Ans: (c)

15) As per Companies Act, 1956, the maximum number of directors a private limited company which is subsidiary of a public company, can have without approval of the Central Government is –
(a) 10
(b) 11
(c) 12
(d) 13
Ans: (c)

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