MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Fiscal Deficit

Central Gover...

Question

Central Government has prescribed that public companies with paid up share capital of____;or turnover of_; or in aggregate, outstanding loans/ borrowings/ debentures/ deposits exceeding as on the last date of latest audited financial statements mentioned below shall have at least__independent directors.

A

Rs. 1 crore or more; Rs. 10 crore or more; Rs. 50 crore or more; 2 directors

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Rs. 10 crore or more; Rs. 100 crore or more; Rs. 50 crore or more; 2 directors

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Rs. 20 crore or more; Rs. 150 crore or more; Rs. 100 crore or more; 3 directors

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Rs. 100 crore or more; Rs. 1,000 crore or more; Rs. 500 crore or more; 3 directors

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Rs. 10 crore or more; Rs. 100 crore or more; Rs. 50 crore or more; 2 directors
Under rule 4 of Companies (Appointment and Qualifications of Directors) Rules, 2014, Central Government has prescribed that public companies with paid up share capital of Rs 10 crore or more; or turnover of Rs 100 crore or more; or in aggregate, outstanding loans/ borrowings/ debentures/ deposits exceeding Rs 50 crores as on the last date of latest audited financial statements mentioned below shall have at least two independent directors

Suggest Corrections

thumbs-up

0

Similar questions

Q. Which of the following companies must appoint woman director?
(I) Listed company
(II) Public company having paid up share capital of Rs.100 Crores or more
(III) Public company having borrowing of Rs. 500 Crores or more
(IV) Public company having net capital employed of Rs. 500 Crores or more
(V) Every public company having turnover of Rs. 300 Crore or more.
Select the correct answer from the options given below -

Q. Which of the following companies are required to do secretarial audit as per Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014?
(I) Every public company having a borrowing of Rs. 100 crore or more
(II) Every public company having a paid-up share capital of Rs. 50 crore or more
(III) Every public company having a turnover of Rs. 200 crore or more
(IV) Every private company having a turnover of Rs. 150 crore or more

Select the correct answer from the options given, below-

Q. Appointment of Company Secretary in mandatory in__.
(a) Every listed company
(b) Every unlisted private company having paid-up share capital of Rs. 10 crore or more
(c) Every public company having paid-up capital of Rs. 5 crore or more
(d) Every public company having turnover of Rs. 5 crore or more

Select the correct answer from the options given below-

Q. Appointment of Company Secretary is mandatory in -
(a) Every listed company
(b) Every unlisted private company having paid-up share capital of Rs.10 Crore or more
(c) Every public company having paid-up capital of Rs.5 Crore or more
(d) Every public company having turnover of Rs. 5 Crore or more
Select the correct answer from the option given below :-

Q. Which of the following conditions are required to be fulfilled by private company in order to treat it as Small Company under Section 2(85) of the Companies Act, 2013?
(I) Paid up share capital does not exceed Rs 50 lakhs or such higher amount as may be prescribed which shall not be more than Rs 100 Crores.
(II) Its borrowing as per latest audited balance sheet does not exceed Rs 20 Crores or such higher amount as may be prescribed which shall not be more than Rs 50 Crores.
(III) Turnover as per its last profit & loss account does not exceed Rs 5 Crores or such higher amount as may be prescribed which shall not be more than Rs 100 Crores.
(IV) Paid up share capital does not exceed Rs 25 lakhs or such higher amount as may be prescribed which shall not be more than Rs 25 Crores.
Select the correct the answer from the options given below-

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Debts and Deficits

ECONOMICS

Watch in App

explore_more_icon

Explore more

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon