WorksheetsChapter 7 Part 1
Total questions: 15
Worksheet time: 8mins
A company is incorporated on 13th September, 2022. The first AGM shall be held on:
30th September 2023
31st December 2024
30th September 2024
31st December 2023
Co. was incorporated on 15/04/2021. The co. called for its AGM on 31st Dec 2022. However, due to special reasons, it could not. It applied to the RoC for extension of the last date and RoC gave extension of only 15 days. Is it valid?
Yes, RoC can give an extension UPTO 3 months. In this case, it is of only 15 days
Yes, as there is a special reason, such extension is valid
No, such extension cannot be granted
None of the given option is correct
In case of a listed company, AGM shall be held at ___ and EOGM can be held at ____
RO or within local limits of CTV
;
At any place in India
At any place in India
;
RO or within local limits of CTV
At any place in India
;
At any place in India
RO or within local limits of CTV
;
RO or within local limits of CTV
In case of company having share capital, EOGM can be requisitioned by how many shareholders:
SH holding not less than 1/10th of PUSC
SH holding not less than 1/10th of Voting Power
SH holding not less than 90% of Voting Power
SH holding not less than 90% of PUSC
In case of requisition u/s 100, the meeting shall be held within:
21 days of the date of valid requisition
45 days of the date of valid requisition
3 months of the date of valid requisition
On such date as the board may deem fit
In a notice u/s 100, are the requisitionists required to disclosure reasons for the business to be transacted?
No, reasons need not be given. The same was held in LIC vs Escorts Case
Yes, reasons must be disclosed
Yes, as it is an EGM, all business are special business and hence requires Explanatory statements showing reason
None of the options are correct
In case of a company having Share Capital, can an AGM be called by giving notice of 10 non-clear days?
Yes, subject to consent of 75% of the members entitled to vote
Yes, subject to consent of 95% of the members entitled to vote
Yes, subject to consent of majority of members holding 95% of PUSC
No, anything less than 14 days is not allowed.
Which of the following is special business
Appointment of Mr. Ajay as MD who is retiring by rotation
Appointment of Mr. Ajay as MD in place of Mr. Devgn who is retiring by rotation
Appointment of Mr. Ajay as MD
Fixing remuneration of auditors
In case where special business relates to any other company, extent of shareholding of promoter or director in the other company shall be stated in ES only if such holding:
Is not less than 2% of PUSC
Is not less than 1% of PUSC
Is not less than 2% of VP
Is not less than 1% of VP
A company has 12 members. AoA prescribes for a quorum of 7 members. 3 members are personally present. Mr. A represents 3 body corporates. Mr. B is a proxy of a shareholder. Mr. B represents President. Is the quorum met?
Yes
No
Incomplete information
None of the given option
In case where a meeting is adjourned due to lack of quorum, notice shall be given to members ____ prior to meeting
At least 3 days
At least 7 days
At least 1 day
No such prior notice is required
Quorum has to be:
Present throughout the meeting
Checked only at the start of the meeting. Thereafter, it is of no relevance
there for atleast half of the duration of meeting
present only at the start of the meeting
Which of the following statement is correct:
Adjourned meeting is merely a continuation of original meeting
Adjourned meeting and original meeting are two separate meeting
When meeting is adjourned, the original meeting stands cancelled and the adjourned meeting becomes the original meeting
When meeting is adjourned, the original meeting stands cancelled and the adjourned meeting becomes the primary meeting
Proxy form shall be submitted in:
Form MGT 11
Form MGT 12
Form MGT 10
Form MGT 13
Mr. A holds 15% PUSC in A Ltd. Can he appoint a proxy?
No, because a person can act as proxy for max 50 members having max 10% of PUSC
No, because a person can act as proxy for max 25 members having max 5% of PUSC
No, because a person can act as proxy for max 200 members having max 10% of PUSC
Yes, a single person can be appointed as proxy and such proxy shall not act as proxy for any other member
