Practice Test


1) the 'vision' of the institute of company secretaries of india is


2) which of the following is/are "mission" of ISCI?


3) a company secretary in practice can appear as 'authorised report


4) The ICSI functions under the administrative jurisdiction of -


5) As per Section 203 of the Companies Act, 2013, Company Secretary is -


6) Appointment of Company Secretary in mandatory in -(a) Every listed company
(b) Every unlisted private company having paid-up share capital of Rs.10 Crore or more
(c) Every public company having paid-up capital of Rs.5 Crore or more
(d) Every public company having turnover of Rs.5 Crore or more
Select the correct answer from the options given below -


7) As per the Rule 8 of Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014, every listed company and every other public company having a
paid-up share
capital of_______ or more shall have whole-time key managerial personnel.


8) "Company Secretary" or "Secretary" means a company secretary as defined in
_______ of the Company Secretaries Act, 1980 who is appointed by a company to
perform the functions of a Company Secretary under the Act.


9) As per Section 2 (1) (c) of the Company Secretaries Act, 1980, Company Secretary
means a person-


10) The expression "Secretarial Standards" means -


11) Which of the following Section of the Companies Act, 2013 specify the functions of
Company Secretary


12) As per Rule 10 of the Companies (Appointment & Remuneration of Managerial
Personnel) Rules, 2014, which of the following are duties of Company Secretary?
(1) To provide guidance to the directors with regard to their duties, responsibilities and
powers.
(2) To formulate the business strategies.
(3) To represent before various Regulators, and other authorities in connection with
discharge of various duties.
(4) To call annual general meeting and extraordinary general meeting on his own.
Select the correct answer from the options given below -


13) Return of appointment of Company Secretary as well as cessation has to be filed with
ROC in -


14) A whole time KMP which includes Company Secretary shall not hold office in -


15) As per Section 203(4) of the Companies Act, 2013, any vacancy in the post of
Company Secretary should be filled within -


16) As per Section 92 of the Companies Act, 2013, Annual Return has to be signed by -


17) In case of OPC and small company, the annual return shall be signed by the -


18) As per Rule 7 (2) of the Companies (Management & Administration) Rules, 2014, the
annual return, filed by a listed company or a company having paid-up share capital of
_______ or more or turnover of _______or more, shall be certified by Practicing Company
Secretary


19) Secretarial Audit is also known as -


20) The format of the Secretarial Audit Report shall be in-


21) Which of the following companies are required to do secretarial audit as per Rule 9 of
the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014?
(I) Every public company having a borrowing of Rs. 100 Crore or more.
(II) Every public company having a paid-up share capital of Rs. 50 Crore or more.
(III) Every public company having a turnover of Rs. 200 Crore or more.
(IV) Every private company having a turnover of Rs. 150 Crore or more.
Select the correct answer from the options given below-


22) As per Rule 20 of the Companies (Management and Administration) Amendment
Rules, 2014, every company which has listed its equity shares on a recognized stock
exchange and every company having not less than ______ shall provide
to its members facility to exercise their right to vote on resolutions proposed to be
considered at a general meeting by electronic means.


23) As per Section 275 of the Companies Act, 2013, Company Secretaries have been
recognized to be appointed _______as from a panel to be maintained by the Central
Government.


24) A Company Secretary in practice is eligible to become a ________ of National
Company Law Tribunal


25) A Company Secretary in practice is eligible to become a Technical Member of
National Company Law Tribunal if he is practicing for at least -


26) Practicing Company Secretary has been authorized to appear as authorized
representative before the Securities Appellate Tribunal (SAT) under-


27) Practicing Company Secretary is authorized to issue ________certificate with regard
to reconciliation of the total issued capital, listed capital and capital held by depositories
in dematerialized form, details of changes in share capital during the quarter and inprinciple approval obtained by the issuer from all the stock exchanges where it is listed
in respect of such further issued capital under SEBI (Depositories & Participants)
Regulations, 1996.


28) The annual return of LLP having turnover of more than _______or contribution more
than shall be accompanied with a certificate from a Company Secretary in Practice to the
effect that he has verified the particulars from the books and records of the LLP and
found them to be true and correct


29) Power/duties of Auditors apply _______ to Com pany Secretary in Practice
conducting secretarial audit.


30) Which one of the following is function of Company Secretary?


31) Companies Secretary is defined under:


32) The ICSI is a premier national professional body established under


33) Company Secretary is not the Key Managerial Personnel of the Company.


34) Which one of the following statements is incorrect?


35) What is the legal minimum number of directors for a private limited company?


36) What is a shadow director?


37) A shareholder who wishes to make a proposal that that a director is dismissed must give the company 'special notice' of their proposal prior to the meeting. How many days notice is required for special notice?


38) Which Act gives the court power to disqualify someone from being a director if they have been guilty of fraudulent trading or have been participating in wrongful trading?


39) Which one of the following statements is correct?


40) The Companies Act 2006 ss171-177 imposes various duties on directors. Which of the following is not imposed by the Act?


41) Where court action is taken against a director for breach of duty any compensation awarded by the court is payable to:


42) In order to be a company secretary of a private limited company what qualifications must you have?


43) Which one of the following statements is not correct?


44) The role of Company Secretary is:


45) Secretarial Audit is defined under:


46) Secretarial Audit report should be prepared by


47) The Role of Scrutinizer is played by


48) A Company Secretary in practice is not eligible to become a Technical Member of NCLT.


49) Company Secretary has been recognised to represent before various Regulators, and Authorities under which Act?


50) Full form of SEBI:


51) Companies Secretary is a:


52) Work of a Practicing Company Secretary is of:


53) Stock exchange and every company shall provide the facility to it members to exercise right to vote if it has:


54) Function of Company Secretary is defined under:


55) Company Secretary is a __________ in a Company as per Companies Act, 2013.


56) A company other than a company covered under Rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, which has a paid up capital of __________ or more shall have a Whole Time Company Secretary.


57) Appointment of Whole Time Key Managerial Personnel as per Rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is applicable to every listed Company and every other public company having paid up share Capital of rupees __________.


58) __________ has authorized Practising Company Secretary to undertake internal audit of various capital market intermediaries.


59) As Per Section 204 of Companies Act, 2013 Secretarial Audit must be done by


60) As per Section 275 of Companies Act, 2013, Company Secretary have been Recognized to be appointed as __________ from a panel to be maintained by the Central Government.


61) What is the eligibility criteria for CS in Practice to become a Technical member of National Company Law Tribunal?


62) Company Secretaries in Practice act as a authorized representative under __________ and conduct VAT


63) On incorporation of a company, the Registrar of Companies in addition to the Certificate of Incorporation, issues a unique identification number called


64) An Indian public company holds 8o% of the paid-up share capital of a company incorporated at a place outside India. Is the annual statement of the latter company required to be attached to the annual statement of the former company pursuant to Section 212


65) A company in which 50.25% of shares are held by one State Government while the rest of the shares are held by private sector companies and by retail shareholders i.e., members of public, is a


66) The Central Government may exempt any class of companies from complying with the provisions of Schedule VI of the Companies Act, 1956, if it is necessary to grant such exemption in the


67) Global Ltd. has the paid-up equity capital structure - Central Government: 38%; State Government: 10%; Subsidiary of a Government Company: 17.50%; and retail shareholders remaining shares. Which of the following classes of companies would it belong to


68) Contracts made after incorporation of a public company, but before issue of the certificate of commencement of business are


69) The applicant for the availability of name of the proposed company can have option to give maximum


70) Which one of the following sections of the Act specifies that the provision of the Companies Act, 1956 override the provisions in the memorandum of association


71) The rights attached to the shares of any class may be varied with the consent in writing of the holders of the issued shares of that class having not less than


72) Where title in shares of a company is in dispute, the matter has to be resolved by


73) In case of buyback of shares by a listed company, the letter of offer to the shareholders shall be dispatched not earlier than


74) The majority required in a shareholder's meeting to approve a scheme of arrangement is simple majority of shareholders holding at least


75) The audit committee of a listed company shall meet at least


76) Non-executive directors of a public company may get remuneration on quarterly basis if such basis of payment is approved by/under


77) As per Companies Act, 1956, the maximum number of directors a private limited company which is subsidiary of a public company, can have without approval of the Central Government is


78) A director appointed by the Board to hold the office until the conclusion of next annual general meeting is known as


79) The minimum number of directors of the audit committee in the case of a listed company with 12 directors shall be


80) The maximum age limit for directors in case of private companies is


81) A member of the ICSI in practice shall be deemed to be guilty of professional misconduct if he issues compliance certificates/ signs annual return in aggregate in a calendar year for more than


82) A person who is Company Secretary and director of a company is


83) Statutory auditor of a company in which the Central Government holds 49% and a government company holds 19% of the paid-up share capital of the company, shall be appointed by the


84) The appointment of a statutory auditor under section 224A is with reference to 25% of


85) A casual vacancy arising out of resignation of company's auditor can he filled by


86) A High Court has exclusive jurisdiction in respect of the matters covered by


87) The number of scrutineers to be appointed by the Chairman of a general meeting is


88) A special notice is required for


89) A notice of disclosure of interest at the Board meeting is the requirement of section


90) As per the provisions of the Companies Act, 1956, the form of proxy must be deposited with the company at least


91) In a listed company with 11 directors, what is the quorum for the Board meeting


92) As per the rules framed under section 205A3 relating to use of past reserves for payment of dividend should retain in the reserves an amount not less than


93) The aggregate of the contributions to any political party or for any political purpose to any person by a company in any financial year shall not exceed


94) Annual return of a company having share capital is to be filed with the Registrar of Companies in e-form


95) In winding-up by the court, the statement of affairs has to be submitted within


96) When a default occur under Section 421 and/or 422 in respect of receiver regarding filing of periodic accounts and/or making of reference of statements about the appointment of receiver, he company and every officer in default shall be punishable with


97) On liquidation of company, the preferential payment in respect of salary or wages is restricted to


98) On striking off the name of a company considered defunct, the Registrar of Companies is required to


99) While issuance of notice of inspection of books of account of a company by the inspector is not mandatory it is issued at least


100) The initial disclosure by a director or officer of a listed company under the SEBI Prohibition of Insider Trading. Regulation, 1992 has to be made within


101) The New York Stock Exchange requires that in case of companies listed with it, the required minimum number of independent directors on the Board shall be


102) Under the UK Companies Act, to qualify as a small company, the concerned company shall have in a financial year