July 18, 2022 Omaplex 0 Comments

  1. Minimum no. of Members in case of a private company is ___
    (a) 1
    (b) 2
    (c) 3
    (d) 4

 

  1.  In case of private company towards quorum, proxies will be counted
    (a) Yes
    (b) No

 

  1. Minimum no. of Members in case of a public company is ___
    (a) 1
    (b) 2
    (c) 3
    (d) 4

 

  1. Proxies can vote at the meeting even though not a member.
    (a) Yes
    (b) No

 

  1. Which of the following cannot be a member of a company?
    (a) undischarged bankrupt
    (b) Foreigner
    (c) Government
    (d) infant
  2. ___ is issued in acknowledgement of any indebtedness
    (a) Debenture certificate
    (b) Share certificate
    (c) Share warrant
    (d) None of the above
  3. The time gap between two AGM’s shall not exceed.
    (a) 15 months
    (b) 18 months
    (c) 16 months
    (d) None of these

 

  1. Age limit of Directors in case of private company is ___________
    (a) 65
    (b) 70
    (c) 75
    (d) No limit
  2. If the statutory meeting is not held, the company may be wound up.
    (a) True
    (b) False
  3. AGM should be held by every company
    (a) Yes
    (b) No
  4. Minimum allotted share capital in case of a company at the point of registration is _____
    (a) 100%
    (b) 25%
    (c) 55%
    (d) 75%
  5. Minimum no. of Directors in the case of Public company is ___
    (a) 1
    (b) 2
    (c) 3
    (d) 4
  6. Change in objects clauses can be effected_____
    (a) For any reason
    (b) For special reason only
    (c) to comply with C.G order
    (d) None of the above
  7. Which of the following is a right of the members of a company_____
    (a) Right to have share
    (b) Right to Appoint Auditor
    (c) Right to Appoint Director
    (d) All the above
  8. A corporate body in liquidation can become a member of a company.

(a) Yes
(b) No

  1. is the Company Income Tax Act applicable to companies operating in Nigeria

(a) applicable
(b) Not applicable

  1. XYZ Ltd, incorporated on 1st Jan 2019 and held AGM on 21st July 2020 is it …….

(a) Valid
(b) Invalid

  1. A body corporate appointed a person as a proxy will he be counted for quorum or not
    (a) Counted
    (b) Not counted
  2. The board of directors can pass a resolution to remove the company’s secretary

(a) True
(b) False

  1. Question: In the given below who are required to hold A.G.M___________
    (a) Public company
    (b) Private company
    (c) Government company
    (d) All the three

 

CORPORATE GOVERNANCE AND DUE DILIGENCE was last modified: July 18th, 2022 by Omaplex