MCQ's Flashcards
The statutory meeting of a public company should be held within…………of incorporation
6 months
Who is entitled to receive notice of AGM
Every director of the company
Every auditor for the time being of the company
Every member of the company
The Annual Return of a public company must be filed within……..days of holding the AGM
42 days
The minutes book of a company shall be opened for inspection for at least …………hours in a day
6 hours
Where a member pays for the copies to be delivered to him, the company is obliged to supply the copy within…………days of payment?
7 days
General meeting of a private company can pass written resolution. True of False?
True
The general meeting of a public company can pass a written resolution. True or False?
False
Board meeting of a private company can pass a written resolution. True/ False
True
A written resolution must be signed by all who are entitled to attend and vote at the meeting? True/ False
True
The chairman of the board of directors can only be late for how long before other board members of the company can appoint another member to chair their meeting?
5 minutes
Notice of substantial shareholder of a public company must be filed within how many days?
14 days
Notice of change of secretary must be filed within how many days?
14 days
Notice of change in particulars of secretary must be filed within how many days?
14 days
Notice of change of person with significant control in the company must be filed at the Corporate Affairs Commission not later than?
Not later than 30 days
Notice of person with significant control in the company must be filed at the corporate affairs commission
Not later than 30 days
Notice of allotments must be filed within?
One month
Take over offer must be open for acceptance within a period of how many months?
4 months
In a take over offer, for the company to be able to acquire compulsorily, the shares of the dissentient shareholders in the other company, it must first acquire?
90% in value of all the shares of the company
For a company to give notice of compulsory acquisition to dissentient shareholders of the other company……
Four months must expire
In a take over offer, the required initial threshold must be accepted within?
Two months of the offer
The dissentient shareholders of the company must not be less than holders in value of …….. of the shares
15%
The dissentient shareholders of the company must not be less than holders in value of …….. of the shares
15%
A ………….. is not only concerned about realizing a failing company’s assets, but also to take over management
Receiver Manager
What will occur when the directors are able to make a declaration of solvency?
Members voluntary winding up
