Companies Act
If the AoA of a company do not explicitly provide for a larger number, what is the quorum for a general meeting of a private limited company
A - 2
B - 3
C - 4
D - None of the above
A - 2 (Two)
Under Regulation 30 of the SEBI LODR Regulations, a listed entity must disclose material events or information to the stock exchanges within how much time?
A - 24 hours
B - 48 hours
C - 36 hours
D - 12 hours
Answer: 12 hours
Which team won the ICC Men's T20 World Cup 2024 held in the USA and West Indies?
A) South Africa
B) India
C) Australia
D) England
B) India
what is the minimum default threshold required to initiate the Corporate Insolvency Resolution Process (CIRP)?
A - Rs. 1 Lakh
B - Rs. 5 Crore
C - Rs. 1 Crore
D - Rs. 10 Lakhs
Ans: C - Rs. 1 Crore.
Every company is required to hold its first Annual General Meeting (AGM) within how many months from the closing of its first financial year?
A - within 12 months of Closure of FY
B - within 6 months of Closure of FY
C - within 9 months of Closure of FY
D - within 18 months of Closure of FY
Ans: C - within 9 months of Closure of FY, Section 96.
A listed entity must submit its quarterly unaudited financial results to the stock exchange within how many days from the end of each quarter ?
A - Within 90 days
B - Within 45 days
C - Within 30 days
D - Within 60 days
B - Within 45 days
Who won the Women's Premier League (WPL) 2026 title in the thrilling final against Delhi Capitals?
A) Mumbai Indians
B) Royal Challengers Bengaluru
C) Gujarat Giants
D) UP Warriorz
B) Royal Challengers Bengaluru
which judicial body is designated as the Adjudicating Authority for the purpose of insolvency resolution and liquidation of corporate persons?
A - The Insolvency and Bankruptcy Board of India (IBBI)
B - The Debt Recovery Tribunal (DRT)
C - The National Company Law Tribunal (NCLT)
D - The High Court of the state where the registered office is located
Ans: C - The National Company Law Tribunal (NCLT), Section 5(1).
Under Section 135, what are the thresholds that mandate the constitution of a Corporate Social Responsibility (CSR) Committee?
A. Net Worth of Rs. 1000 crore or more, Turnover of Rs, 2000 crore or more, or Net Profit of Rs. 5 crore
B. Net Worth of Rs. 100 crore, Turnover of Rs. 500 crore, or Net Profit of Rs. 1 crore
C. Net Worth of Rs. 200 crore, Turnover of Rs. 1000 crore, or Net Profit of Rs. 3 crore
D. Net Worth of Rs. 500 crore, Turnover of Rs. 1000 crore, or Net Profit of Rs. 5 crore
Answer: D. Net Worth of Rs. 500 crore, Turnover of Rs. 1000 crore, or Net Profit of Rs. 5 crore
What is the minimum notice period required for a listed entity to intimate stock exchanges regarding a board meeting where financial results are to be considered?
A - At least 2 clear working days in advance, excluding the date of the intimation and the date of the meeting
B - At least 5 clear days in advance
C - At least 7 days in advance
D - Atleast 1 month in advance
Ans: A - At least 2 clear working days in advance, excluding the date of the intimation and the date of the meeting, Regulation 29(1)(a).
Who was crowned the 'Player of the Tournament' at the ICC Champions Trophy 2025?
A) Rohit Sharma
B) Virat Kohli
C) Rachin Ravindra
D) Marco Jansen
C) Rachin Ravindra
what is the statutory timeframe within which the Corporate Insolvency Resolution Process (CIRP) must be completed, inclusive of any extensions granted?
A - Within 450 days
B - Within 330 days
C - Strictly within 180 days
D - Within 270 days
Ans: B - Within 330 days, Section 12(3).
what authorization is required by a company to issue managerial remuneration exceeding 11% of its net profits in a financial year?
A - Prior approval of the Central Government via the Ministry of Corporate Affairs
B - A Special Resolution passed by the members in a General Meeting
C - An Ordinary Resolution passed by the members in a General Meeting
D - Unanimous consent of all directors present at a validly convened Board Meeting
Ans: B - A Special Resolution passed by the members in a General Meeting, Section 197(1).
which segment of listed entities is mandatorily required to constitute a specialized Risk Management Committee?
A - Top 500 listed entities determined by market capitalization
B - All listed entities having a paid-up equity capital exceeding Rs. 100 crore
C - Top 100 listed entities determined by market capitalization
D - Top 1,000 listed entities determined by market capitalization
Answer: D - Top 1,000 listed entities determined by market capitalization, Regulation 21(5).
Which player won the 'Player of the Match' award in the final of the ICC Men's T20 World Cup 2024?
A) Jasprit Bumrah
B) Arshdeep Singh
C) Hardik Pandya
D) Virat Kohli
D) Virat Kohli Scored a vital 76 off 59 balls
who forms the exclusive voting membership of the Committee of Creditors (CoC) responsible for steering the CIRP?
A - All Financial Creditors and Operational Creditors collectively
B - Financial Creditors exclusively, provided they are not related parties of the corporate debtor
C - The Resolution Professional and the directors of the Corporate Debtor
D - Equity Shareholders holding more than 10% of the voting stock
Right Answer: Financial Creditors
what is the maximum permissible limit for such a buy-back, when a company decides to execute a buy-back of its own shares via a Board Resolution , ?
A - Up to 10% of the total paid-up equity capital only, excluding free reserves
B - Up to 25% of the total paid-up equity capital, free reserves
C - Up to 10% of the total paid-up equity capital and free reserves
D - Up to 25% of the total paid-up equity capital only, excluding free reserves
Answer: Up to 10% of the total paid-up equity capital and free reserves, Section 68
what is the timeline for a company to intimate SE When a statutory auditor resigns?
A - Within 48 hours from the conclusion of the immediate next board meeting
B - Within 7 days from the date of the auditor's formal exit notice
C - Simultaneously with the filing of the ADT-1 form with the Ministry of Corporate Affairs
D - Within 24 hours from the receipt of the resignation letter from the auditor
Ans: D - Within 24 hours from the receipt of the resignation letter from the auditor, Regulation 30.
In the 2024 T20 World Cup group stage, which bowler delivered a legendary spell of 4 overs, 4 maidens, and 3 wickets against Papua New Guinea?
A) Trent Boult
B) Lockie Ferguson
C) Tim Southee
D) Mitchell Santner
B) Lockie Ferguson
What is the statutory voting majority required within the Committee of Creditors (CoC) to approve a final Resolution Plan for submission to the NCLT?
A - A supermajority of 66% of the voting share
B - Unanimous approval (100%) of all creditors present and voting
C - A special majority of 75% of the voting share
D - A simple majority of 51% of the voting share
Right Answer: A - A supermajority of 66% of the voting share