1. Whether Members are required to give a special notice under section 115 for the appointment of a person as auditor other than a retiring auditor?

a. Yes

b. No

2. Can LLP raise External Commercial Borrowings?

a. Yes

b. No

3. If a Company is not able to redeem its preference shares, then can it issue further preference shares equal to the amount due, with the consent of three-fourths in value of preference shareholders and with the approval of the Tribunal?

a. Yes

b. No

4. Can the Board appoint the Statutory Auditor due to a casual vacancy caused by the resignation of the Statutory Auditor?

a. Yes

b. No

5. If in the Annual General Meeting, neither the Statutory Auditor is re-appointed nor a new Statutory Auditor is appointed, in such case is it deemed that the existing Statutory Auditor continues as the Statutory Auditor of the company?

a. Yes

b. No

(Ans:  1: a, 2: b, 3: a,4: b,5: a)