Corporate Law Quiz (TCC-Quiz)
Q26. Once declared, the amount of dividend shall be transferred to Special Dividend A/c within…
Correct: 5 days. As per Companies Act, dividends must be transferred within 5 days.
Q27. A practicing Chartered Accountant may be appointed as Auditor for a term of…
Correct: 5 years. Statutory limit is 5 years, subject to rotation rules.
Q28. Directors Responsibility Statement is a part of…
Correct: Board Report. It ensures accountability of directors.
Q29. NFRA stands for…
Correct: National Financial Reporting Authority. Oversees compliance with auditing standards.
Q30. A statutory Auditor shall be…
Correct: Practicing Chartered Accountant. Only a CA can be appointed as statutory auditor.
Score: 0 / 0
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