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Corporate Governance

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Minimum number of directors in case of public company as per Company Act 2013

a)

2

b)

3

c)

5

d)

1

2.

Which classes of public company require appointment of at least two independent directors ?

a)

Paid up capital 10 crore or more

b)

Turnover of 100 crore or more

c)

networth of 50 lakhs or more

d)

loans, debentures exceeding 50 crore

3.

Power of Audit Committee

a)

seek information from employess

b)

obtain outside advice

c)

recommend success plan for directors

d)

secure attendance of outsiders if necessary

4.

Minimum number of directors in case of listed company as per CSR committes

a)

2

b)

3

c)

half of non executive directors

d)

none of above

5.

corporate governance is ------------------- mechanism

a)

self regulatory

b)

government controlled

c)

external controlled

d)

none of above

6.

which type of company are required to consistute Stakeholders Relationship Committee

a)

public listed company

b)

private company

c)

company holding 1000 of shareholders and other debt hoders

d)

company holding more than 1000 shareholders and debt holders

7.

which of following factors can help to built good governance

a)

small size of board

b)

board long term strategy

c)

diversity of board

d)

longer vision of board

8.

penalty in case of violation on Audit committee provision applicable for officers

a)

fine of 25000 to 1 lakh

b)

imprisonment for 1 year

c)

both

d)

none of above

9.

Which of the following is not generally a power of the board of directors of a corporation?

a)

selecting officers

b)

declaring dividends

c)

determining management compensation

d)

amending AOA

10.

If company wants to appoint more than 15 directors , what could be the possible way out

a)

special resolution

b)

amending AOA

c)

Amending MOA

d)

ordinary resolution

11.

appointment of women director is compulsory in case of which company

a)

every listed company

b)

every public company with paid up share capital of 100 core or more

c)

turnover of 300 hundred crore or more

d)

none of above

12.

which is not the function of corporate stakeholder relationship committee

a)

resolve issue with transfer of shares

b)

approve issue of new certificate

c)

approve dematerialization

d)

seeking information from empolyess

13.

composition of audit committee as per clause 49 of listing agreement

a)

minimum 3 director of which 2/3 are independent

b)

minimum 2 of which 1/3 are independent

c)

3 and all are independent

d)

none of above

14.

independent director is one who

a)

did not attend a school supported by company

b)

does not have outside relationship with other directors

c)

does not have any other relationships with company other than his or her directorship

d)

all of above

15.

a board that is elected in a classified system is known as

a)

diversified board

b)

staggered board

c)

rotating board

d)

declassified board