Legal Aspects of Finance SCDL Solved Paper - 51

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

Thanks to : Saroj

Select The Blank
Question	The recommendations of audit committee relating to financial management shall be ________.
Answer	Binding
Select The Blank
Question	Purchase of foreign securities by resident employee of Indian Software Company, should not exceed ________.
Answer	US $ 50000
True/False
Question	Former director can take inspection of books of account for the years when he was director.
Answer	False
Multiple Choice Single Answer
Question	A director of a company can be removed by :-
Answer	Ordinary resolution
Multiple Choice Single Answer
Question	Compliance Report is signed by :-
Answer	Company Secretary in practice
Select The Blank
Question	Director has to vacate his office, if he has been ________ by a court of any offence involving moral turpitude.
Answer	Convicted
True/False
Question	Any gratuity payable on termination of employment is included in wages.
Answer	False
Multiple Choice Single Answer
Question	A director has to vacate his office, if he is adjudged as :-
Answer	Insolvent
Match The Following
Question	Answer
Notice Circulation for day	time of meeting Circulation for day
Sole selling agent	Have exclusive right to sale for company in specified area
Audit committee	Appointed for specific purpose related to audit
Quorum	Minimum required persons for meeting
True/False
Question	Employee includes an out worker to whom any article or material are given out by another person for repair or cleaning.
Answer	True
Select The Blank
Question	The Postal ballot paper should be returned to the company within ________ from the dispatch of ballot paper.
Answer	30 days
Multiple Choice Multiple Answer
Question	Debentures can be :-
Answer	Redeemable , Convertible , Party convertible and redeemable
Multiple Choice Single Answer
Question	Single director can sign the annual accounts if :-
Answer	Only one director in India for the time being
Select The Blank
Question	Copies of annual accounts are to be filed within ________ days from AGM with ROC.
Answer	30 days

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