Directors and Meetings - Do you recollect?

A board member is independent when he/she:

• Represent the shareholders and not the other parties

• Is the family member of the CEO

• Has no relationship of any kind with the company, its group or the management that will influence his/her judgement

• Is the top management of the company supervised

ROC stands for

• Regional office certificate

• Registrar of Companies

• Region of corpus

• Register of companies

To start the working for a Private Companies , they need :

• certificate of commencement of business

• certificate of incorporation

• Both of the above.

A person cannot be director of more than __ companies

• 10

• 20

• 15

• None of the above

The first directors of a public company are appointed by

• Government

• Company

• Promoters

• Public

Under the companies Act, which one of the following powers can be exercised by the Board of Directors?

• Power to sell company undertakings

• Power to make calls

• Power to borrow money in excess of paid up capital

• Power to reappoint auditor

The Board of Directors can exercise the power to appoint directors in the case of.

• Additional Directors

• Alternate Directors

• Filling up of casual vacancy

• All of the above

A person is permitted to hold office as director (including any alternate directorship) in maximum

twenty companies of which maximum number of public companies in which he can be appointed as

director shall not exceed ------------.

• 5

• 8

• 10

• 12

An additional director appointed by the Board of Directors shall continue to hold the office up to the due

date of the next ------------------

• Board Meeting

• Annual General Meeting

• Shareholder meeting

• None of the above

An independent director shall hold office for a

term up to ------------- on the Board of a

company.

• three consecutive years

• two consecutive years

• five consecutive years

• None of the above