Companies Legislation Information Bytes 1234567 14% Page 1 of 7 1. Does the Companies Act, 2013 allow a company to appoint or employ a Manager and a Managing Director at the same time? Yes NoPage 2 of 7 2. The doctrine of constructive notice seeks to protect the interest of ? Outsiders against the Company Company against the OutsidersCreditors against the CompanyRegulators against the CompanyPage 3 of 7 3. What could be the exception(s) to the doctrine of indoor management? Knowledge of irregularityActs outside apparent authority Both a & b None of the abovePage 4 of 7 4. What is the maximum duration for which auditors may be appointed for a company at one time? 5 years 10 years1 year3 yearsPage 5 of 7 5. Is a company permitted under the Companies Act, 2013 to appoint more than one Managing Director at the same time? YesNo Page 6 of 7 6. Is a private company, directly or indirectly permitted under Companies Act, 2013 to give a loan to its director? YesNo Page 7 of 7 7. What is the minimum paid up share capital required for incorporating a Private Limited Company? Rs. 1,00,000 Rs. 5,00,000 No minimum requirementsNone of the above Loading...
