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3. Compliance Test

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1. What is quorum for the General meeting of the Public Company having 1500 members?


2. According to section 103 of Companies Act, 2013, in case of a private limited company, 2 members personally present shall be the Quorum.

If Quorum is not present within half an hour from the time appointed for holding a meeting, then the meeting shall stand adjourned, and if at the adjourned meeting also, Quorum is not present, the members present shall be the Quorum . If the private company has only 2 shareholders and out of these, if one cannot attend the AGM then according to above, whether one person attending the adjourned AGM, would be taken as quorum?


3. ABC limited having paid up capital of Rs. 10 crore, free reserve of Rs. 20 Crore, investment in equity is Rs 20 Crore now company wants to invest in property upto Rs 10 Crores. Determine which approval is required:


4. ABC Limited, having the equity shares worth Rs. 100,00,000 (10,00,000 equity shares @ Rs 10 each) and free reserves of Rs. 200,00,000 wants to buyback 250,000 shares @ Rs 11.60 each.  From the provided options determine the body having the power to do the same?


5. ABC Private Limited is Subsidiary Company of XYZ Limited and DEF Private  Limited  having the paid-up capital and free reserves of Rs. 200 Crores, loans from financial institution and banks is of Rs. 50 Crores. The Board of Directors of ABC Private Limited proposed to give a loan of Rs. 25 Crore to Alpha Private Limited in which Mr. Rahul, Director of the ABC Private Limited holds 24% Equity Shares. Can ABC Private Limited provides the Loan to Alpha Private Limited?


6. Fresh notice for an adjourned meeting is required if it is held after-


7. From the below provided options specify the documents which is required to be submitted by the foreign person for the the application of DIN:


8. In case the appointment of an auditor is not ratified by the shareholders at annual general meeting as required under proviso to Section 139(1), what recourse does the company have ?


9. ABC Private Limited is having the paid up share capital of Rs. 100 crore, net worth of Rs 250 crore, turnover of Rs 500 crore, net profit for the year is Rs 3 crores in FY 2013-14 and profit for the last three years are Rs. 2.5 crores for FY 2012-13, Rs. 3.5 crores for FY 2011-12 and Rs. 5 crore for the FY 2010-11, State whether the Company is bound to constitute the Corporate Social Responsibility Committee as per section 135 of the Companies Act 2013?


10. Mr. Rahul son of the Managing Director of the Company is proposed to be appointed as an Accounts Manager of the Company with the monthly remuneration of Rs. 300,000. Is there any approval requires for the appointment of Mr. Rahul?


11. ABC Limited, a Listed Company has to file its Financial Results as per SEBI(Listing Obligations and Disclosure Requirement) Regulations, 2015, what will be the last date for the Quarter January to March?



As per Secretarial Standard- 1copy of approved and signed minutes of meeting shall be circulated within:


Question 1 of 12

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