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List of Attempted Questions and Answers (Legal Aspects of Finance - 3)

This document contains a list of attempted legal finance questions and answers. It includes multiple choice, true/false, and matching questions about topics like wages, the Wages Act of 1936, the Factories Act of 1948, powers that can be delegated by a board of directors, documentation requirements for current account remittances, entitlement to bonus for temporary workers, and responsibility for payment under the Wages Act. The responses provided correctly answer questions about non-resident shareholder bonus shares, meetings of the board of directors, and responsibility for wage payments.

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35 views

List of Attempted Questions and Answers (Legal Aspects of Finance - 3)

This document contains a list of attempted legal finance questions and answers. It includes multiple choice, true/false, and matching questions about topics like wages, the Wages Act of 1936, the Factories Act of 1948, powers that can be delegated by a board of directors, documentation requirements for current account remittances, entitlement to bonus for temporary workers, and responsibility for payment under the Wages Act. The responses provided correctly answer questions about non-resident shareholder bonus shares, meetings of the board of directors, and responsibility for wage payments.

Uploaded by

api-3745584
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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LIST OF ATTEMPTED QUESTIONS AND ANSWERS (Legal Aspects of Finance_3)

1
Correct Answer Wages

Your Answer Wages

Multiple Choice Multiple Answer


Question The Indian company may issue bonus shares to its non resident shareholders subject
to :-
Correct Answer Held by non resident shareholder , As per acquisition , In the Form of FC-GPR

Your Answer Held by non resident shareholder , As per acquisition , In the Form of FC-GPR ,
Willingness of company

Match The Following


Question Correct Answer Your Answer

Section 2(vi) Wages Wages

Wages act 1936 1936

Factories act 1948 1948

Section 3 of wages act Every employer responsible for Every employer responsible for
payment to employed persons payment to employed persons

Multiple Choice Multiple Answer


Question Board may by resolution passed at the meeting delegate the powers to :-

Correct Answer Committee of directors , Managing director , Manager

Your Answer Committee of directors , Managing director , Manager

True/False
Question Meeting of the board of Directors shall be held at least 4 times in a year.

Correct Answer True

Multiple Choice Multiple Answer


Question Who has not prescribed particular set of documentation for current account
remittances?
Correct Answer RBI , Central Govt.

Your Answer RBI , Central Govt.

True/False
Question A temporary workman is not entitled to bonus though he works for a few days in the
organisation.
Correct Answer False

Multiple Choice Single Answer


Question Which person is responsible for he payment of wages act ?

Correct Answer Managers

Your Answer Managers


2
Registration Number: 200404214
Name: Manpreet Malhotra

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