Company Secretary job is a very vital role in any company? To clear the you must have a very good knowledge on company matters and affairs. We provide you with the complete Company Secretary interview Question and Answers on our page. To be precise about the secretary, is a senior position in a private sector company or public-sector organisation. In large American and Canadian publicly-listed corporations, accompany secretary is typically named a corporate secretary or secretary. As the name itself indicates Company secretary does offer one position that is Secretary in different leading combines across the globe. To be a secretary to one company one must have a huge knowledge and experience in the relevant filed. So, secretary is the position for experienced candidates. So, clear an interview to such a high qualified position we have provided a complete and detailed interview question and answers on our site wisdomjobs.com.
Question 1. What Are The Essential Characteristics Of A Company?
Answer :
The essential characteristics of a company are:
Question 2. What Is The Statutory Company?
Answer :
A company which is formed by the special Act passed by the Central or State legislature is called Statutory company. This type of company is not required to frame their Memorandum or Articles of Association. They are also not required to use the word limited as a part of their name. Their working is controlled, checked and reviewed by Lok Sabha and the Comptroller. Auditor General of India conducts the annual audit of its final accounts. Some examples of statutory companies are State Bank of India, Life Insurance Corporation of India, Reserve Bank of India.
Question 3. Define Registered Company And On What Basis They Are Categorized?
Answer :
Registered company is the one which is registered under the Companies Act. These companies are categorized on the basis of liability and number of members.
On the basis of liability companies can be categorized in the following three categories:
On the basis of number of members companies can be of two types:
Question 4. Define Subsidiary Company?
Answer :
A company is a subsidiary of a holding company, if a holding company controls the majority composition of its board of directors, having an object to control the management of the subsidiary or that other company that is the holding company holds the majority of its shares or the holding company’s subsidiary has its own subsidiary, it become the subsidiary of the first mentioned company on the first holding company.
Question 5. What Are Key Differences Between A Partnership Firm And A Company?
Answer :
Question 6. What Are The Important Stages Involved In Formation Of A Company?
Answer :
Filing of documents: Following documents are required:
Question 7. When Can A Company Commence Its Business?
Answer :
Private companies or companies having no share capital can start their business immediately after they are incorporated. But public companies with share capital are required to obtain the necessary certificate from the registrar of companies to comment the business.
Question 8. What Is Articles Of Association And Memorandum Of Association?
Answer :
Answer :
Question 10. How Can Memorandum Be Altered?
Answer :
Memorandum of association can be altered only under certain circumstance and in the manner provided in teh Companies Act. IT requires the sanction of shareholders and the Central Government or the Company law board or the Court as the case may be. The procedure of alteration or memorandum is more difficult.
Question 11. Can Articles Of Association Of A Company Be Altered After Its Incorporation?
Answer :
Yes, Articles of association of a company can be altered as the procedure of alteration or amendment of articles of association is relatively simple. It can be altered by the members by passing a special resolution subject to the provisions of the Companies Act.
Question 12. What Do You Understand By Company Limited By Shares?
Answer :
Companies where the liability of the shareholders of a company is limited to the extent of the unpaid amount on the shares held by them the company is known as a company limited by shares. In n companies, whatever may be the liabilities of a company, shareholders are not bound to pay anything more than the face value of the shares held by them. Thus, the liability of each of the shareholders of such a company is always limited to the extent of the amount unpaid on his shares. A company limited by shares can be a public company or private company.
Question 13. Explain Company Limited By Guarantee?
Answer :
Companies where liability of members is always limited to a fixed amount agreed by its members to contribute towards the assets of the company is is known as a company limited by guarantee. In such companies the articles shall state the number of members with which the company is to be registered. Thus, the amount promised to pay by a member of a company limited by guarantee is called the guarantee.
Question 14. Explain The Term Unlimited Companies?
Answer :
Companies registered without limited liability is known as an unlimited company. The liability of such company is unlimited like an ordinary partnership firm and every member of such company is liable for debts of the company in proportion to his interest in the company. In such companiesm the articles shall state the number of members with which the company is to be registered and if the company has a share capital the amount of the share capital with which the company is to be registered.
Question 15. What Is Ultravires Acts?
Answer :
Ultravires is any act done outside the limits of memorandum of association. It is void and cannot be ratified even by the whole body of the shareholders whereas in the case of Articles of association the acts done by the company beyond the articles can be ratified by the shareholders if such acts are not beyond the memorandum and illegal.
Question 16. What Is Annual General Meeting?
Answer :
It is an annual meeting of the body of members. Every company is required to hold the Annual General meeting. The first annual general meeting must be held within eighteen months from the date of incorporation of a company. The gap between two AGMs should not be more than fifteen months.
Question 17. What Are The Rights And Duties Of Directors?
Answer :
Rights of Directors:
Duties of Directors:
Statutory Duties:
Question 18. What Are The Different Types Of Capital?
Answer :
Nominal Capital or Authorized Capital: is the total fee value of the shares which the company is authorized to issue.
Issued Capital: is that part of authorized capital which is actually offered to the public for sale.
Subscribed Capital: is that part of issued capital which is taken up and accepted by the public.
Paid up Capital: is the amount of money actually paid by the subscribers or credited as so paid.
Uncalled Capital: is the unpaid portion of the subscribed capital.
Reserved Capital: is that part of the uncalled capital which can only be called up at the time of and for the purposes of winding up for the company.
Question 19. What Is The Importance Of Certificate Of Incorporation?
Answer :
The certificate of incorporation is a conclusive evidence about various matters mentioned below:
Question 20. Define Prospectus. Explain Legal Requirements Of Prospectus?
Answer :
Prospectus is defined as any document described or issued as a prospectus and includes any notice, circular, advertisement or other document inviting deposits from the public or inviting offers from the public for the subscription or purchase of any shares in, or debentures of a body corporate.
Following are the legal requirements of a prospectus:
Question 21. Distinguish Between Prospectus And Statement In Lieu Of Prospectus?
Answer :
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