Legal Aspects of Finance SCDL Solved Paper - 46

This solved paper of SCDL Legal Aspects of Finance of SCDL Pune has been contributed by XYZ

True/False
Question	A General Meeting may also be called by giving shorter notice than 21 days.
Correct Answer	TRUE
Multiple Choice Multiple Answer
Question	Board's Report shall include :-
Correct Answer	Dividend recommended , Financial position of the company , Amounts transferred to Reserves
Multiple Choice Single Answer
Question	The Balance Sheet should be in the form set out in Part I of :-
Correct Answer	Schedule VI
Multiple Choice Single Answer
Question	When was the minimum wages act passed ?
Correct Answer	1948
True/False
Question	Foreign technical collaborations are permitted.
Correct Answer	FALSE
Multiple Choice Single Answer
Question	Companies Act presently implemented and adhered by companies is :-
Correct Answer	Companies Act, 1956
Multiple Choice Multiple Answer
Question	The board of directors shall exercise these powers only at board meetings :-
Correct Answer	Power to make calls on shares , Power to issue debentures , Power to borrow money
Multiple Choice Single Answer
Question	The period for realization for export of goods from the date of shipment is at :-
Correct Answer	Six month
Multiple Choice Single Answer
Question	Accounting Standards are issued by :-
Correct Answer	Institute of Chartered Accountants
Multiple Choice Multiple Answer
Question	Describe in brief what does the term wages include?
Correct Answer	Remuneration under any award , Settlement between the parties or order of court , Overtime
Multiple Choice Multiple Answer
Question	The Indian company may issue bonus shares to its non resident shareholders subject to :-
Correct Answer	Held by non resident shareholder , As per acquisition , In the Form of FC-GPR
Multiple Choice Multiple Answer
Question	Who has not prescribed particular set of documentation for current account remittances?
Correct Answer	RBI , Central Govt.
Select The Blank
Question	Multimodal ________ making remittance to their agents abroad.
Correct Answer	Transport operators
True/False
Question	A probationer is an employee and as such is not entitled to business.
Correct Answer	FALSE
True/False
Question	Charge includes Mortgage.
Correct Answer	TRUE
Multiple Choice Single Answer
Question	If date of incorporation is 1.1.2005, first AGM must be held before :-
Correct Answer	30.6.2006
True/False
Question	Wages does not include any gratuity payable on discharge.
Correct Answer	TRUE
Select The Blank
Question	WOS can make payment of royalty by ________ route.
Correct Answer	Automatic route

 

Note: Please tally the answers and verify them from SCDL textbooks as all answers might not be correct.