MCQ MCQ on Company Meetings (AGM)

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Annual General Meeting Questions and Answers:

Ques. Which of the following company can held the AGM on public holiday ____

(a) Public company

(b) Private company

(c) Govt company

(d) Association not for profits

Ans. (d)

Ques. The Bigbrand Company conducted an AGM. On that day due to fire accident in the hall all shareholders died. Will the company will be in existence.

(a) Yes

(b) No

Ans. (a)

Ques. The time period for conduction of AGM is extended by ROC for how many months

(a) 1

(b) 2

(c) 3

(d) 4

Ans. (c)

Ques. List of issues to be discussed at a meeting:

(a) Schedule

(b) Agenda

(c) Time-table

(d) Plan

Ans. (b)

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Ques. Central Government can exempt company from holding AGM

(a) Yes

(b) No

Ans. (b)

Ques. Failure to convene AGM  u/s 166 penalty will be

(a) 50,000+250 per every day

(b) 75,000+250 per every day

(c) 1,00,000+250 per every day

(d) 25,000+250 per every day

Ans. (a)

Ques. The time gap between two AGM’s shall not exceed.

(a) 15 months

(b) 18 months

(c) 16 months

(d) None of these

Ans. (a)

Ques. Length of notice in the case of AGM is 21 clear days. Articles provided 25 clear days for length of notice. Is the AGM valid

(a) Valid

(b) Invalid

Ans. (a)

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Ques. AGM should be held by every company

(a) Yes

(b) No

Ans. (a)

Ques. Length of notice in the case of AGM is 21 clear days. Articles provided that 15 clear days for length of notice. Is the AGM valid

(a) Valid

(b) Invalid

Ans. (b)

Ques. In case of continuing default to convene the AGM fine is Rs.___________ for every day.

(a) 250

(b) 300

(c) 350

(d) 400

Ans. (a)

Ques. Bacchan co, incorporated on 1 st Jan 2021. The AGM should be held on 1 st July 2022. ROC extended that time to 1 st Sep.2022. Is the AGM valid.

(a) Valid

(b) Invalid

(c) Situation does not arise

Ans. (b)

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Ques. Every AGM must be held with ___ from the date of the Balance Sheet.

(a) 4 months

(b) 6 months

(c) 9 months

(d) None of these

Ans. (c)

Ques. The resolution passed at AGM are ___

(a) Valid

(b) Void

(c) Voidable

(d) Void ab-initio

Ans. (a)

Ques. First AGM must be held within_____________ from the incorporation of the company

(a) 15 months

(b) 18 months

(c) 12 months

(d) None of these

Ans. (b)

Ques. ___ may grant exemption to any class of companies with regard to the time & place of AGM.

(a) C.G

(b) ROC

(c) NCLT

(d) D.C.A

Ans. (a)

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Ques. Eminem Marshel Mathers Ltd is incorporated on Jan 1, 2022. It must hold its first AGM before.

(a) Dec 31-2022

(b) Dec 31-2023

(c) June 30-2022

(d) June 30 – 2023

Ans. (c)

Ques. AGM should be held at

(a) any company office

(b) Registered office

(c) Corporate office

(d) None of these

Ans. (b)

Ques. Any company can’t held AGM on a public holiday

(a) Yes

(b) No

Ans. (b)

About the author

Jaspreet Singh

Jaspreet (Masters in Commerce) not only have exceptional command of Accounts and Commerce subjects but also have keen interest in Law. He is consistent in producing high quality assignments.

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