CAF-7 Ch-8 Meetings and resolutions

CAF-7 | Ch-8 | Meetings and Resolutions

CAF-7 Ch-8 Meetings and resolutions

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

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Question 1 of 15

1. Question
1 points

Category: CAF7
A general meeting is a meeting of the shareholders of the company who are entitled by the company’s articles to
- Borrow money on behalf of the company
- Appoint company secretary on behalf of the company
- Attend and vote at such meetings
- Call an annual general meeting
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Question 2 of 15

2. Question
1 points

Category: CAF7
Generally, a private company is not required to hold a statutory meeting but it shall also be required to hold a statutory meeting if
- Such a private company decides to liquidate the company
- Such a private company is a subsidiary of a public company
- Such a private company converts itself into a public company within one year of its incorporation.
- Such a private company converts itself into a public company within 06 months of its incorporation.
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Question 3 of 15

3. Question
1 points

Category: CAF7
The statutory meeting shall consider and approve a report called statutory report which is sent to each member, along with a notice of the statutory meeting
- At least 21 days before the date of the statutory meeting
- At least 7 days before the date of the statutory meeting
- At least 30 days before the date of the statutory meeting
- At least 14 days before the date of the statutory meeting
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Question 4 of 15

4. Question
1 points

Category: CAF7
The first annual general meeting of a company shall be held
- After 16 months from the date of its incorporation
- Within 16 months from the date of its incorporation
- After 18 months from the date of its incorporation
- Within 12 months from the date of its incorporation
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Question 5 of 15

5. Question
1 points

Category: CAF7
The SECP, in the case of a listed company and the registrar, in the case of other companies may extend the time for holding of the subsequent annual general meeting
- Up to a maximum of 30 days
- Up to a minimum of 30 days
- For 21 days
- For 15 days
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Question 6 of 15

6. Question
1 points

Category: CAF7
At least 21 days’ notice of the annual general meeting shall be given to members and in case of a listed company such notice shall also be published in
- An Urdu or an English daily newspaper having nationwide circulation
- An Urdu and an English daily newspaper having nationwide circulation
- An Urdu and an English fortnight newspaper
- Any local language and an English fortnight newspaper
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Question 7 of 15

7. Question
1 points

Category: CAF7
If members of a listed company, not resident in the city where AGM is taking place required the company to provide the facility of video link to attend AGM of the company, then they must fulfil the following condition in order to make such request to be valid
- Holding at least 10% share capital
- The request must be in written form
- The request must be made at least 7 days before such a meeting
- All of the above
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Question 8 of 15

8. Question
1 points

Category: CAF7
If the directors do not proceed to call a meeting within 21 days of the filing of the requisition by the members, the requisitionists may call a meeting and that meeting should be held and conducted
- Within 21 days from the date of the deposit of the requisition
- Within 30 days from the date of the deposit of the requisition
- Within 90 days from the date of the deposit of the requisition
- Within 120 days from the date of the deposit of the requisition
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Question 9 of 15

9. Question
1 points

Category: CAF7
When there are material defects or omission in the notice of the proceedings of the meeting is alleged to be irregular then, the following condition(s) must be fulfilled in order to declare such meeting invalid
- Members having 10% or more rights can apply
- Members can apply to the court
- The application must be made within 30 days of the meeting
- All of the above
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Question 10 of 15

10. Question
1 points

Category: CAF7
If the required quorum is not present at the meeting within half an hour from the time appointed for the meeting it shall be
- Dissolved in any case
- Adjourned in any case
- Held in any case
- Dissolved, if called upon the requisition of members
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Question 11 of 15

11. Question
1 points

Category: CAF7
In any company, voting is done by show of hands unless a poll is ordered by the chairman of the meeting. On the show of hands, every member shall exercise
- 1 vote per 10 shares
- 10 votes per share
- 1 vote irrespective of the number of shares
- 10 votes irrespective of number of shares
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Question 12 of 15

12. Question
1 points

Category: CAF7
A member cannot appoint more than one proxy to attend any one meeting. If more than one proxy is appointed for anyone meeting
- All proxies possess the same voting rights
- All proxies possess the same right to speak
- All appointments of proxies shall be valid
- All appointment of proxies shall be invalid
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Question 13 of 15

13. Question
1 points

Category: CAF7
Members of the company can demand a certified copy of the minutes of the general meeting, any time after 7 days from the meeting, which the company shall provide to them
- Within 7 working days of receipt of his request
- Within 14 working days of receipt of his request
- Within 30 working days of receipt of his request
- Within 60 working days of receipt of his request
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Question 14 of 15

14. Question
1 points

Category: CAF7
The records of all proceedings of the meetings must be kept at the registered office of the company in physical and electronic form and they shall be preserved for
- The records of all proceedings of the meetings must be kept at the registered office of the company in physical and electronic form and they shall be preserved for
- At least 20 years in physical form and permanently in electronic form
- Permanently in physical form and in electronic form for 10 years
- Permanently in physical form and in electronic form for 20 years
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Question 15 of 15

15. Question
1 points

Category: CAF7
Members of a private company or a public unlisted company may pass a resolution by circulation signed by all members except
- For special businesses of AGM
- For special businesses of Statutory meeting
- For ordinary businesses of AGM
- For ordinary businesses of Statutory meeting
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