Companies act 2013 questions
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Questions and Answers

What is the threshold for transaction of sale or purchase with a related party beyond which approval of the shareholders will be required?

  • >10% of turnover
  • >=10% of turnover (correct)
  • >=15% of turnover
  • upto 10% of turnover
  • There was insufficient profit in a company. Mr. Nandan is the CEO of the company. The Effective capital of the company 10 Crores. How much remuneration can he be paid for the FY 2021-22

  • 84 lacs (correct)
  • 60 lacs
  • 75 lacs
  • 24 lacs.
  • Mr X, director of the company had a proposed 20 lacs in remuneration during FY2022-23 when company suffered loss of Rs. 2 Crores. The PUSC of the company is Rs 10 crores and Reserves and surplus (excluding revaluation reserve) is Rs. 15 crores. Can the remuneration be paid?

  • Cannot be paid as limits under Scehdule V breached
  • Can be paid as within limits
  • Can be paid by passing Special Resolution (correct)
  • Can be paid by passing ordinary resolution
  • when is a public company required to conduct a secretarial audit?

    <p>PUSC &gt;= 50 crores and T/o &gt;= 250 crores</p> Signup and view all the answers

    what are limits for remuneration Disclosure for listed companies in board report for name of top 10 employees when employed throughout the financial year, and when employed for less than the financial year respectively?

    <p>Remuneration &gt; = 1.02 crores per annum and &gt;= 8.5 lacs per month respectively</p> Signup and view all the answers

    XYZ ltd has two whole time directors and two directors Mr A and Mr. B. What is the maximum amount of remuneration that can be paid to the directors A and B as per section 197 of the Companies Act, 2013

    <p>1% of NP</p> Signup and view all the answers

    What is the minimum age for a person to be appointed as a MD/WTD or Mgr?

    <p>21 years</p> Signup and view all the answers

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