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Thursday, March 31, 2016

Legal Aspects of Finance SCDL Solved Paper - 52

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

 Multiple Choice Single Answer
  Question  
In each board meeting director is paid by remuneration, which is known as :-
  Correct Answer  
Sitting fees
 Multiple Choice Single Answer
  Question  
Maximum fine which can be levied for default in placing accounts before AGM is :-
  Correct Answer  
Rs. 50,000
 Multiple Choice Multiple Answer
  Question  
The auditor shall inquire :-
  Correct Answer  
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
 True/False
  Question  
Meeting of the board of Directors shall be held at least 4 times in a year.
  Correct Answer  
TRUE
 Multiple Choice Multiple Answer
  Question  
Company can take loan from :-
  Correct Answer  
Banks , Financial Institutions , Debenture Holders
 Select The Blank
  Question  
It is advisable to close the financial year on ________.
  Correct Answer  
31st March
 Multiple Choice Single Answer
  Question  
Deductions are authorized under which section?
  Correct Answer  
Section 7(2)
 Select The Blank
  Question  
The minimum wages act came in force in the year________.
  Correct Answer  
1948
 True/False
  Question  
Articles of Association is not required to be stamped if Memorandum is adequately stamped.
  Correct Answer  
FALSE
 Multiple Choice Single Answer
  Question  
A director of a company can be removed by :-
  Correct Answer  
Ordinary resolution
 True/False
  Question  
There can be an Ordinary Resolution for Special business.
  Correct Answer  
TRUE
 Multiple Choice Single Answer
  Question  
The earlier "Fast Track" investments route has been replaced by?
  Correct Answer  
Automatic
 Multiple Choice Single Answer
  Question  
The notice of the meeting be sent to all the directors at their :-
  Correct Answer  
Usual residential address
 


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

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