MCQ for CA Final LAW - PART 1 - Corporate Laws - Section A - Company Law - Chapter 2 APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL

Sample Multiple Choice Questions (MCQ's) for CA Final - Paper 4 - Corporate and Economic Laws - PART 1 - Corporate Laws - Section A - Company Law - Chapter 2: APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL - For Practice relevant for May/Nov 23 Examinations

 

Q:1 A director who is entrusted with substantial powers of management of the affairs of the company is termed as _________.      

 

  1. Whole-time director
  2. Managing director
  3. Chairman
  4. Director-cum-manager

Answer: 2

Q:2 The power to do administrative acts of a routine nature when so authorised by the Board shall ________ deemed to be included within the substantial powers of management, and a director performing such acts shall _________ a managing director.

       

  1. Be
  2. Not be

Answer: 2

Q:3 The power to affix the common seal of the company to any document or to draw and endorse any cheque on the account of the company in any bank or to draw and endorse any negotiable instrument or to sign any certificate of share or to direct registration of transfer of any share, shall ____.

 

  1. Be deemed to be administrative acts not amounting to substantial powers of management
  2. Be deemed to be administrative acts amounting to substantial powers of management
  3. Not amount to substantial powers of management
  4. None of these

Answer: 1

Q:4 The power to ________, shall not make the person exercising such powers, a managing director

 

  1. Affix the common seal of the company to any document
  2. Draw and endorse any cheque on the account of the company in any bank or to draw and endorse any negotiable instrument
  3. Sign any certificate of share or to direct of any share registration of transfer
  4. Any of these

Answer: 4

Q:5 Managing director' means a director who, by virtue of ______, is entrusted with substantial powers of management of the affairs of the company.  

  1. The articles of a company
  2. An agreement with the company
  3. A resolution passed in general meeting or by the Board of directors
  4. Any of these

Answers: 4

Q:6 The term 'managing director' _______ a _____ occupying the position of managing director, by whatever name called. 

 

  1. Means; director
  2. Includes; director
  3. Means; manager
  4. Includes; manager

Answer: 2

 

CA Final - Paper 4 - Corporate and Economic Laws - PART 1 - Corporate Laws - Section A - Company Law - Chapter 3   

To get back to the Chapterwise MCQ List Page      

 

Hope you can find this article helpful. If you did like the content then Share it with your friends who are preparing for CA Final Exams or who will be giving their CA Final Exams in the near future.