This solved paper of SCDL Legal Aspects of Finance of SCDL Pune has been contributed by XYZ
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Multiple Choice
Single Answer
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Question
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In each board
meeting director is paid by remuneration, which is known as :-
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Correct
Answer
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Sitting fees
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Multiple Choice
Single Answer
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Question
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Maximum fine which
can be levied for default in placing accounts before AGM is :-
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Correct
Answer
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Rs. 50,000
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Multiple Choice
Multiple Answer
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Question
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The auditor shall
inquire :-
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Correct
Answer
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Whether transactions
of the company which are represented merely by book entries are not
prejudicial to the interest of the company or members , Whether loans &
advances made by the company have been shown as deposits , Whether personal
expenses have been charged to revenue account
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True/False
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Question
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Meeting of the board
of Directors shall be held at least 4 times in a year.
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Correct
Answer
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TRUE
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Multiple Choice
Multiple Answer
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Question
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Company can take
loan from :-
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Correct
Answer
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Banks , Financial
Institutions , Debenture Holders
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Select The Blank
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Question
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It is advisable to
close the financial year on ________.
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Correct
Answer
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31st March
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Multiple Choice
Single Answer
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Question
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Deductions are
authorized under which section?
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Correct
Answer
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Section 7(2)
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Select The Blank
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Question
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The minimum wages
act came in force in the year________.
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Correct
Answer
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1948
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True/False
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Question
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Articles of
Association is not required to be stamped if Memorandum is adequately stamped.
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Correct
Answer
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FALSE
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Multiple Choice
Single Answer
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Question
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A director of a
company can be removed by :-
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Correct
Answer
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Ordinary resolution
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True/False
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Question
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There can be an
Ordinary Resolution for Special business.
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Correct
Answer
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TRUE
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Multiple Choice
Single Answer
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Question
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The earlier
"Fast Track" investments route has been replaced by?
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Correct
Answer
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Automatic
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Multiple Choice
Single Answer
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Question
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The notice of the
meeting be sent to all the directors at their :-
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Correct
Answer
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Usual residential
address
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Note: Please tally the answers and verify them from SCDL textbooks as all answers might not be correct.
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