InterviewSolution

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1.	A Public Company having a paid up Share Capital of Rs. ______ or more may have a Director, elected by such small shareholders.(a) One (b) Three (c) Five (d) Seven
Answer» A Public Company having a paid up Share Capital of Rs. Five or more may have a Director, elected by such small shareholders.

2.	Which director need not hold qualifying shares? (a) Directors appointed to Central Government (b) Directors appointed to Shareholders (c) Directors appointed to Managing Director (d) Directors appointed to Board of Directors
Answer» (a) Directors appointed to Central Government

3.	A person shall hold office as a director in ______ companies as per the Companies Act,2013. (a) 5 companies (b) 10 companies (c) 20 companies (d) 15 companies
Answer» (c) 20 companies

4.	Which Director is appointed by a Financial institution? (a) Nominee (b) Additional (c) Women (d) Shadow
Answer» Correct Answer is: (a) Nominee

5.	A Private Company shall have a minimum of ______ (a) Seven directors (b) Five directors (c) Three directors (d) Two directors
Answer» (d) Two directors

6.	A Public Company shall have a minimum of ______ Directors. (a) Twelve (b) Seven (c) Three (d) Two
Answer» A Public Company shall have a minimum of Three Directors.

7.	What is the status of Directors who regulate money of the company? (a) Banker (b) Holder (c) Agent (d) Trustees
Answer» Correct Answer is: (d) Trustees

8.	Who can be Executive Director?
Answer» An executive director is a Chief Executive Officer (CEO) or Managing Director of an organization, company, or corporation, who is responsible for making decisions to complete the mission and for the success of the organisation.

9.	Who is called as Managing Director?
Answer» A Managing Director is one who is employed by the company and has substantial powers of management over the affairs of the company subject to superintendence, direction and control of the board.

10.	Who is whole time Director?
Answer» A whole time Director is one who devotes whole of his time of working hours to the company and has a significant personal interest in the company as the source of his income.

11.	Define Director.
Answer» The Companies Act 2013 section 2 (34) defines a director appointed to the board of a Company is: “A Person who is appointed or elected member of the Board of Directors of a company and has the responsibility of determining and implementing policies along with others in the board.

12.	The Board of Directors can exercise the power to appoint directors in the case of _______ (a) Additional Directors (b) Filling up the Casual vacancy (c) Alternate Directors (d) All the above
Answer» (d) All the above

13.	According to Companies Act, the Directors must be appointed by the _______ (a) Central Government (b) Company Law Tribunal (c) Company in General Meeting (d) Board of Directors
Answer» According to Companies Act, the Directors must be appointed by the Company in General Meeting.

14.	Under the companies Act, which one of the following powers can be exercised by the Board of Directors? (a) Power to sell the company’s undertakings (b) Power to make call (c) Power to borrow money in excess of the paid up capital (d) Power to reappoint an auditor
Answer» (b) Power to make call