CACSMockTest

Inter-Corporate Loans, Investments, Guarantees and Security, Related Party Transactions – Company Law Important Questions

Question 1.The power to invest funds of the company is the prerogative of the board of directors under section 179. Discuss the limitations on such powers of the board, if any, relating to inter-corporate loans and investments under section 186. (December 2019) (6 marks)OrYour company, which is a public limited company wishes to make investments …

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Registers and Records – Company Law Important Questions

Question 1.Enumerate the difference between statutory books and statistical books of a company. (December 2008) (June 2012) (4 marks)Answer: Basis of Distinction Statutory Books Statistical Books Meaning As per the provisions under the Companies Act, 2013, certain books must be maintained by the company which is known as statutory books. As per the provisions of …

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An Overview of Corporate Reorganization – Company Law Important Questions

Question 1.Distinguish between: Oppression and Mismanagement. (December 2014) (4 marks)Answer: Basis of Distinction Oppression Mismanagement Meaning of the Terms The term “oppression” is not defined in the Companies Act, 2013.Oppression, according to the dictionary meaning of the word, is an act exercised in a manner burdensome, harsh, and wrongful.Oppression means violation of the condition of …

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Introduction To MCA-21 and Filing in XBRL – Company Law Important Questions

Question 1.Write a short note on Digital Signature Certificate. (December 2010) (4 marks)OrWho are all the persons required to obtain “Digital Signature Certificates” (DSCs)? (June 2019) (3 marks)Answer:1. A digital signature is the electronic signature duly issued by a certifying authority that shows the authority of the person signing the same. It is an electronic …

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Key Managerial Personnel (KMP) and their Remuneration – Company Law Important Questions

Question 1.Write a short note on Managerial Remuneration. (June 2009) (4 marks)Answer:1. Section 197(1) of the Companies Act, 2013, Total managerial remuneration payable by a public company to its directors in respect of any financial year shall not exceed 11% of the net profit. Net profit for this purpose will be calculated as per Section …

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Virtual Meetings – Company Law Important Questions

Question 1.Distinguish between: ‘E-voting’ and ‘voting by show of hands. (June 2017) (4 marks)Answer: Basis of Distinction ‘E-voting’ ‘Voting by show of hands Governing Section Section 108 of the Companies Act, 2013 makes provisions relating to E-voting. Section 107 of the Companies Act, 2013 makes provisions relating to the show of hands. Applicability The Central …

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Legal Framework Governing Company Secretaries – Company Law Important Questions

Question 1.State the statutory duties of Company Secretary under the Companies Act, 2013. (June 2014) (4 Marks)AnswerDuties of Company Secretary [Rule 10 of the Companies (Appointment and Remuneration of Managerial Personnel), Rules, 2014:The duties of Company Secretary shall also discharge, the following duties, namely: Question 2.Rakesh, practicing Company Secretary, has accepted the position of Secretarial …

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