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Wednesday, March 9, 2016

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.  

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