Quiz Question September

1. Whether the Company which has purchased its own shares out of free Reserves or Securities premium is required to transfer an amount equal to the nominal value of the Shares purchased in Capital Redemption Reserve?

  1. Yes
  2. No

2. Whether Capital Redemption Reserve be used to issue fully paid bonus shares?

  1. Yes
  2. No

3. Can a listed entity issue Bonus shares by passing Ordinary Resolution in a General Meeting ?

  1. Yes
  2. No

4. Whether a Small Shareholder Director appointed u/s 151 of the Companies Act, 2013 liable to retire by rotation?

  1. Yes
  2. No
  3.  

5. Whether a Company can appoint Joint Statutory Auditors?

  1. Yes
  2. No
  3.  

(Ans:  1: 1, 2: 1, 3: 1,4: 2,5: 1)

 

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