CAF-7 | Ch-4 | Chief executive and other officers

CAF-7 Ch-4 Chief executive and other officers

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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

    Afridi, Bader, Dawood and Iffat owns 45%, 25%, 10% and 5% shares respectively of Splendid Mills Limited (SML), a public unlisted company. They were elected as SML’s director in the last election of directors as unopposed. The board appointed Anas as the chief executive of SML; however, due to Anas’s unsatisfactory performance, the board has decided to remove him from the next board of directors meeting. Anas will stand removed as chief executive if:

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

    Subsequent Chief Executive of a company is required to be appointed by the directors within

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

    Which of the following statements is correct regarding the chairman of a listed company?

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

    Which of the following officers are mandatorily required to be appointed to manage the affairs of a listed company under the provisions of the Companies Act, 2017?

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

    The commission may specify the classes of companies for which the ______ and ________ shall not be the same individual.

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

    The chief executive reports to:

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

    In the case of a _______ company, a chief executive, his spouse and minor children are prohibited to engage in a business that competes with the business of the company in which he is a chief executive or with the business of any of its subsidiary company.

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

    A chief executive shall be a person who is vested with whole or substantially the whole, of the powers of the management of the affairs of the company. Being a member of the board of directors, he reports to

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

    A company is incorporated outside Pakistan and conducts a major portion of its business in Pakistan. In order to appoint a sole purchase, sale or distribution agent, it shall be required to obtain approval of :

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

    A company is incorporated outside Pakistan and conducts a major portion of its business outside Pakistan. In order to appoint a sole purchase, sale or distribution agent, it shall be required to obtain approval of :

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