E5E6 Powers of PSUs

The Company in Annual General Meeting may declare a dividend to be paid to the Members but no dividend shall exceed the amount recommended by the Board

• True
• False
• Both
• None of the above

The Company shall causes to be kept proper books of accounts with respect to:

• all sums of money received and expended by the Company and the matters in respect of which the receipt expenditure take place
• all sales and purchases made by the Company
• the assets and liabilities of the Company
• All of the above

The books of account shall be kept at the ............or at such other place in India as the Board may decide.

• On accrual basis
• Client office
• Local office
• None of the above

A transfer of Shares shall not pass the rights to any dividend declared thereon ......... the registration of the transfer

• after
• before
• at the time
• None of the above

The Company may declare a dividend to be paid to the Members according to their respective rights in ...........

• Annual General Meeting
• Employee meeting
• Board meeting
• None of the above

Which of the following is the example of Revenue Reserve

• Profit on Redemption of Debentures
• Profit on Revaluation of Fixed
• Investment Fluctuation Fund
• Profit on Re-issue of forfeited shares

Dividend Equalisation Reserve is

• Specific Reserve
• Secret Reserve
• General Reserve
• None of these

General Reserves are shown in 

• Revaluation Account
• Profit and Loss Account
• Balance Sheet
• None of these

Which of the following is not a type of reserve

• Provision for bad debt
• General reserve
• Workmen compensation fund
• Retained earnings

The articles of association needs to be signed by

• all proposed directors
• Registrar
• subscribers of memorandum
• None of the above