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CAF-7 | Ch-10 | Investments and Disclosure of Interest | Friends World Hub CAF-7 | Ch-10 | Investments and Disclosure of Interest | Friends World Hub

CAF-7 | Ch-10 | Investments and Disclosure of Interest

CAF-7 | Ch-10 | Investments and Disclosure of Interest

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CAF-7 Company Law Quiz offered for the ICAP CA students.

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  1. Question 1 of 10
    1. Question
    1 points
    Category: CAF7

    Under the provisions of the Companies Act 2017, the power to make investments in a company rests with the

    Correct

    Good

    Incorrect

    Try again

  2. Question 2 of 10
    2. Question
    1 points
    Category: CAF7

    Investment in the associated company cannot be made by the directors themselves. They will have to get its approval from

    Correct

    Good

    Incorrect

    Try again

  3. Question 3 of 10
    3. Question
    1 points
    Category: CAF7

    Being a separate legal person, a company can make investments in any other company or security. But all the investments of the company must be made and held

    Correct

    Good

    Incorrect

    Try again

  4. Question 4 of 10
    4. Question
    1 points
    Category: CAF7

    The company shall not make an increase in amount or any variation in the nature and terms of any investment in associated companies without passing

    Correct

    Good

    Incorrect

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  5. Question 5 of 10
    5. Question
    1 points
    Category: CAF7

    The register for investments of the company not held in its own name is open to inspection for the members of the company,

    Correct

    Good

    Incorrect

    Try again

  6. Question 6 of 10
    6. Question
    1 points
    Category: CAF7

    Any member may require a certified copy of the register of investment not held in the company’s name, on a fee fixed by the company. Certified copies requested shall be issued

    Correct

    Good

    Incorrect

    Try again

  7. Question 7 of 10
    7. Question
    1 points
    Category: CAF7

    The term “investment” shall include

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  8. Question 8 of 10
    8. Question
    1 points
    Category: CAF7

    Anas, Asadullah, Ameen and Arqam are founder partners of Fast Movers Forwarders (FMF). In January 2020, all partners had purchased shares of Quality Tiles Limited (QTL), a listed company. In June 2020, they contested the election of directors of QTL and got elected as directors out of seven positions. Being majority directors of QTL, they cancelled the contract of the existing logistics service provider and awarded the contract to FMF. Whether the aforesaid contract is valid?

    Correct

    Good

    Incorrect

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  9. Question 9 of 10
    9. Question
    1 points
    Category: CAF7

    Under which of the following situations a person may, as a director, take part in the discussion of any contract to be entered into on behalf of the company, even if he is in any way concerned or interested in the contract? If he is the director of a private company which is:

    Correct

    Good

    Incorrect

    Try again

  10. Question 10 of 10
    10. Question
    1 points
    Category: CAF7

    KLM Limited is considering a related party transaction in which the majority of directors are interested. Which of the following is correct?

    Correct

    Good

    Incorrect

    Try again

Thanks for visiting our online MCQs webpage, we need your valued comments regarding the correctness of MCQs and their correct answerers. If you have any correction requests, question or suggestions please let us know, your opinion is important to us. Your valuable advice can help improve the contents and make it more helpful for the future.

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CAF-7 | Ch-10 | Investments and Disclosure of Interest

CAF-7 | Ch-10 | Investments and Disclosure of Interest

Time limit: 0

Quiz-summary

0 of 10 questions completed

Questions:

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10

Information

CAF-7 Company Law Quiz offered for the ICAP CA students.

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You have to finish following quiz, to start this quiz:

Results

0 of 10 questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 points, (0)

Average score
 
 
Your score
 
 

Categories

  1. CAF-5 0%
  2. CAF7 0%
maximum of 10 points
Pos. Name Entered on Points Result
Table is loading
No data available
Your result has been entered into leaderboard
Loading
  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  1. Answered
  2. Review
  1. Question 1 of 10
    1. Question
    1 points
    Category: CAF7

    Under the provisions of the Companies Act 2017, the power to make investments in a company rests with the

    Correct

    Good

    Incorrect

    Try again

  2. Question 2 of 10
    2. Question
    1 points
    Category: CAF7

    Investment in the associated company cannot be made by the directors themselves. They will have to get its approval from

    Correct

    Good

    Incorrect

    Try again

  3. Question 3 of 10
    3. Question
    1 points
    Category: CAF7

    Being a separate legal person, a company can make investments in any other company or security. But all the investments of the company must be made and held

    Correct

    Good

    Incorrect

    Try again

  4. Question 4 of 10
    4. Question
    1 points
    Category: CAF7

    The company shall not make an increase in amount or any variation in the nature and terms of any investment in associated companies without passing

    Correct

    Good

    Incorrect

    Try again

  5. Question 5 of 10
    5. Question
    1 points
    Category: CAF7

    The register for investments of the company not held in its own name is open to inspection for the members of the company,

    Correct

    Good

    Incorrect

    Try again

  6. Question 6 of 10
    6. Question
    1 points
    Category: CAF7

    Any member may require a certified copy of the register of investment not held in the company’s name, on a fee fixed by the company. Certified copies requested shall be issued

    Correct

    Good

    Incorrect

    Try again

  7. Question 7 of 10
    7. Question
    1 points
    Category: CAF7

    The term “investment” shall include

    Correct

    Good

    Incorrect

    Try again

  8. Question 8 of 10
    8. Question
    1 points
    Category: CAF7

    Anas, Asadullah, Ameen and Arqam are founder partners of Fast Movers Forwarders (FMF). In January 2020, all partners had purchased shares of Quality Tiles Limited (QTL), a listed company. In June 2020, they contested the election of directors of QTL and got elected as directors out of seven positions. Being majority directors of QTL, they cancelled the contract of the existing logistics service provider and awarded the contract to FMF. Whether the aforesaid contract is valid?

    Correct

    Good

    Incorrect

    Try again

  9. Question 9 of 10
    9. Question
    1 points
    Category: CAF7

    Under which of the following situations a person may, as a director, take part in the discussion of any contract to be entered into on behalf of the company, even if he is in any way concerned or interested in the contract? If he is the director of a private company which is:

    Correct

    Good

    Incorrect

    Try again

  10. Question 10 of 10
    10. Question
    1 points
    Category: CAF7

    KLM Limited is considering a related party transaction in which the majority of directors are interested. Which of the following is correct?

    Correct

    Good

    Incorrect

    Try again

Thanks for visiting our online MCQs webpage, we need your valued comments regarding the correctness of MCQs and their correct answerers. If you have any correction requests, question or suggestions please let us know, your opinion is important to us. Your valuable advice can help improve the contents and make it more helpful for the future.

Index Page  |  Home  |  Quiz Page  |  Top

Friends World Hub

REACH US THROUGH

SOCIAL NETWORKS​​

Copyright © 2020 Friendsworldhub.com | Project of BlueSkyDGM | All Rights Reserved.