The directors of a company shall appoint any person, including an elected director within _________ from the date of election of directors, to be the chief executive.

• A) Fourteen days
• B) Twenty-one days
• C) Seven days
• D) Thirty days

The _________ director is a leadership role for an organization and often fulfills a motivational role in addition to office-based work

• A) Dejure
• B) Executive
• C) Defacto
• D) Shadow

If the director or any officer of a company is convicted of an offence under sec. 231, he will vacate the office and will be disqualified office of any company for __________

• A) Four years
• B) Five years
• C) Two years
• D) Three years

With regard to Company's meetings and proceedings of Companies Ordinance 1984, the proxies shall be lodged with the company not later than ___________ before the time of the meeting and any provision to the contrary in the company's articles shall be void.

• A) Twenty-four hours
• B) Forty-eight hours
• C) Ninety-six hours
• D) Seventy-two hours

Maximum fine of ____________ rupees will be imposed on every director of the company in case of willful default and directors will jointly reimburse to the company.

• A) Three million
• B) Four million
• C) One million
• D) Two million

The books of account and other books and papers of every company shall be open to inspection by the _________ during business hours.

• A) Auditors
• B) Directors
• C) Public
• D) Shareholders

As per section 157 of Companies Ordinance, Every company limited by shares and every company limited by guarantee and having a share capital shall, within a period of not __________months, nor more than six months, from the date at which the company is entitled to commence business, hold a general meeting.

• A) Less than three
• B) More than three
• C) Less than two
• D) More than two

In the case of a mortgage or charge created out of Pakistan comprising solely property situate outside Pakistan, ____________ after the date on which the instrument or copy could, in due course of post.

• A) Fourteen Days
• B) Twenty-eight days
• C) Twenty-one days
• D) Thirty days

Which of the following documents are required by the company to transfer the shares to the nominee?

• A) Share certificates
• B) Nomination Instrument in his favor
• C) Death certificate of shareholder
• D) All of the above

If any officer of the company willfully conceals the name of any creditor entitled to object to the reduction, or willfully misrepresents the nature or amount of the debt with imprisonment for a term which may extend to __________.

• A) Two years
• B) Six Months
• C) One year
• D) One and half year

For redemption of preference shares a listed company has to follow procedures set in--------------.

• A) Memorandum of Association
• B) Companies Ordinance 1984
• C) None of the above
• D) Article of Association

Under section 85 of company Ordinance 1984, it is optional for a listed company to redeem its preference shares.

• A) True
• B) False
• C)
• D)

Which of the following are features of preference shares?

• A) Privilege over dividend payment by the company
• B) All of the above
• C) No voting Power
• D) Privilege over corporate assets at the time of liquidation

If any person obtains an order for the appointment of a receiver of, or a person to manage, the property of a company, or appoints such a receiver or person under any powers contained in any instrument, he shall, within __________from the date of the order.

• A) Thirty days
• B) Fifteen days
• C) Seven days
• D) Twenty-one days

If the refund required by sub-section (1)of Section 71 is not made within the time specified therein, the directors of the company shall be jointly and severally liable to repay that money with surcharge at the rate of ______ per cent. for every month.

• A) one
• B) One and-a-half
• C) Two and -a- half
• D) Two

A mortgage or charge or other interest based on a __________ agreement.

• A) Mudaraba
• B) Musharika
• C) Murahaba
• D) Istisn'a

Which of the following sources will be used by a listed company to redeem preference shares?

• A) All of the above
• B) Profits of the Company available for dividend
• C) Sale proceeds of any property of the company
• D) Sinking Fund