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Company secretary - class-XI

Description: company secretary
Number of Questions: 15
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Tags: business organisation and correspondence company secretary commerce joint stock company 5 - direction and management
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________ prescribes the qualification for a company secretary.

  1. Board of Directors

  2. Shareholders

  3. Companies Act

  4. None of these


Correct Option: C
Explanation:

The Company Act prescribes the qualification for a company secretary.

Directors may not declare immediate dividends under which of the following condition(s)?

  1. The Company may be young and growing

  2. The company is likely to become insolvent it it pays dividends

  3. It may be in need of additional capital which cannot be raised except at a very high cost

  4. All the above


Correct Option: D
The term ___________ means a confidential writer.
  1. Secretarius

  2. loan

  3. account

  4. None of these


Correct Option: A
Explanation:

The word secretary has been derived from the Latin word 'Secretarius' which means confidential writer or a person to whom the secrets are entrusted by his employee or master.

All types of secretaries need to have the same qualification. 

  1. True

  2. False


Correct Option: B
Explanation:
(i) One basic qualification required for all types of secretaries is sound general education. 
(ii) He must be a graduate in any of the respective fields. 
(iii) The secretary needs special qualifications as per the nature of organisation where he works. 
(iv) It also depends on the nature of job, i.e. what functions, duties and responsibilities are given to him. 
(v) The qualifications are based also on the position or status enjoyed by the secretary in that organisation. 
(vi) Of course, all types of secretaries need knowledge of accountancy, correspondence, office routine, etc. 
(vii) A secretary of a Joint Stock Company must have knowledge of the Companies Act, 1956 and other laws like Income Tax Act and Factories Act.
(viii) Hence, all types of secretaries need not have the same qualifications.

Generally, _________ is responsible for complying procedural formalities relating to corporate restructuring in a company.

  1. finance department

  2. marketing manager

  3. Company Secretary

  4. HR manager


Correct Option: C

The _____ has to enter into correspondence with the Registrar of Companies.

  1. company secretary

  2. personal secretary

  3. secretary of trade union

  4. None of these


Correct Option: A

A secretary is __________ of his organisation.

  1. an owner

  2. a chairman

  3. an employee

  4. none of these


Correct Option: C
Explanation:

A secretary is an employee in an organisation who is responsible for the administrative work and assisting the management.

Co-ordination and Co-operation are same.

  1. True

  2. False

  3. Partly true

  4. None of above


Correct Option: D
Explanation:

Coordination refers to the organisation of all the activities in an orderly manner, to achieve unanimity of individual efforts in the pursuit of group goals. On the flip side, cooperation is a discretionary action of individuals to work together or help one another, for a mutual benefit.

'The position of a company secretary is like that of a hub in a bicycle wheel' - this statements shows the __________.

  1. importance of company secretary

  2. rights of company secretary.

  3. duties of company secretary

  4. liabilities of company secretary


Correct Option: A
Explanation:

The company Secretary is the senior position in any public or private company. He/she is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented. As hub is the centre part of the bicycle wheel and is very important, it is no denying the fact that, a company secretary performs a complex, multifaceted and essential role in any organization. The company secretary ensures that an organisation complies with relevant legislation and regulation, and keeps board members informed of their legal responsibilities. 

Write a word or a term or a phrase for which can be suitable for the following statement:
The officer who plays an important role as an statutory officer, co-ordinator and administrative officer of a company.

  1. Secretary

  2. Director

  3. Auditor

  4. None of these


Correct Option: A
Explanation:

Secretary is the officer who plays an important role as an statutory officer, co-coordinator and administrative officer of a company.

Secretary is a _____________ to Directors.
  1. owner

  2. employee

  3. member

  4. none of these


Correct Option: B

Select the correct option given below:

The secretary has to prepare ______ before the meeting.

  1. Resolution

  2. Notice

  3. Minutes

  4. All of above


Correct Option: B
Explanation:

The secretary has to prepare notice before the meeting to inform all the members about the schedule, date and time of the meeting. The notice is compulsory to be prepare before the general meeting.

Key Managerial person in relation to company means ___________.

  1. Chief Financial Officer

  2. Company Secretary

  3. Chief Chartered Accountant

  4. both a and b


Correct Option: D
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