Transcription of ALL - Institute of Company Secretaries of India
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ALL - Institute of Company Secretaries of India
2/2014/ACLP (N/S) : 1 :331/1 Roll allowed : 3 hoursMaximum marks : 100 Total number of questions : 6 Total number of printed pages : 4 NOTE : 1. Answer ALL All references to sections relate to the Companies Act, 2013 unless stated with reasons on the following :(a)A Managing Director of a Company is entrusted with substantial powers of managementbut he shall exercise his powers subject to the superintendence, control and directionof its Board of directors.(b)Auditors reappointed by the members in the annual general meeting of a Company cannotbe removed before the expiry of their term. Answer with specific reference to theprocedure for removal.(c)Before declaring an interim dividend, the directors must satisfy themselves that thefinancial position of the Company allows the payment of such a dividend out of profitsavailable for distribution.(d)Striking-off the name of a Company by the Registrar of Companies does not materiallyaffect the creditors of the Company .
2/2014/ACLP (N/S) Contd ..... 331: 2 : OR (Alternate question to Q.No. 2) 2A. (i) The promoters of a public limited company want to insert a clause in the articles of
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