List – I List – II i. Directors with unlimited liability a. Section 202 and 203 of the Companies Act ii. Prevention of management of a company by undesirable persons. b. Section 312 of the Companies Act. iii. A director cannot assign his office in favour of any one else. c. Section 322 and 323 of the Companies Act. iv. Appointment to a place of profit under the company. d. Section 314 of the Companies Act
Codes :
Companies Act Director Sections Matching Solution
This question requires matching specific provisions related to directors ('List – I') with their corresponding sections in the Companies Act ('List – II'). We will break down each match based on the correct option provided.
Match i: Directors with Unlimited Liability
Item i refers to 'Directors with unlimited liability'. This concept is directly addressed in Section 322 and 323 of the Companies Act. Therefore, i matches with c.
Match ii: Prevention of Undesirable Management
Item ii concerns the 'Prevention of management of a company by undesirable persons'. Provisions aimed at disqualifying or restricting certain individuals from managing a company are found in Section 202 and 203. Thus, ii matches with a.
Match iii: Director Cannot Assign Office
Item iii states 'A director cannot assign his office in favour of any one else'. This principle, prohibiting the assignment of a director's office, is covered under Section 312 of the Companies Act. Hence, iii matches with b.
Match iv: Appointment to Place of Profit
Item iv deals with 'Appointment to a place of profit under the company'. Directors accepting such positions often require specific disclosures or approvals as outlined in Section 314. Therefore, iv matches with d.
Final Code Selection
Based on the individual matches:
- i - c
- ii - a
- iii - b
- iv - d
This corresponds to the code i-c, ii-a, iii-b, iv-d.
Important Questions from Company law
Arrange the following as per sections of the Companies Act, 2013 in descending order :
A. Execution of Bills of Exchange, etc.
B. Punishment in case of repeated default
C. Annual reports on Government Companies
D. Petition for winding up
E. Functions of Company Secretary
Choose the correct answer from the options given below:
Match List I with List - II.
List - I
List - II
(A)
Producer companies
(I)
Do not necessarily require Memorandum of Association
(B)
Statutory companies
(II)
Association not for profit
(C)
Section 8 company
(III)
Formed to convert cooperative into a company
(D)
Small company
(IV)
Paid up share capital is between 50 lakh-5 crore and turnover is between 2 crore - 20 crore
Choose the correct answer from the options given below:
Red herring prospectus is a prospectus issued:
- The problem of double taxation in international transactions can be reduced by:
i. Market agreement
ii. Multilateral agreement
iii. Bilateral agreement.
iv. Trade agreement - Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R
Assertion A: Every company having net worth of rupees five hundred crores or more or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during the immediately preceding financial year shall constitute a Corporate Social Responsibility Committee (CSRC).
Reason R: The CSR Committee monitors CSR policy of the company.
In the light of the above statements, choose the most appropriate answer from the options given below
