{"id":34684,"date":"2024-04-15T09:34:16","date_gmt":"2024-04-15T09:34:16","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=34684"},"modified":"2024-04-15T09:34:16","modified_gmt":"2024-04-15T09:34:16","slug":"which-of-the-following-statements-are-true-in-context-of-a-company-under-company-act-2013-1-the-shareholders-of-a-company-can-appoint-board-of-directors-2-the-board-of-directors-is-the-proper-aut","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-are-true-in-context-of-a-company-under-company-act-2013-1-the-shareholders-of-a-company-can-appoint-board-of-directors-2-the-board-of-directors-is-the-proper-aut\/","title":{"rendered":"Which of the following statements are true in context of a company under Company Act, 2013? 1. The shareholders of a company can appoint Board of Directors. 2. The Board of Directors is the proper authority to convene Annual General Meeting. 3. The gap between two annual general meetings must not be more than fifteen months."},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9f614674006\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    1 and 2                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    2 and 3                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    1 and 3                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"true\">\r\n                    1, 2 and 3                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is D. 1, 2 and 3.<\/p>\n<ul>\n<li>The shareholders of a company can appoint Board of Directors.<\/li>\n<\/ul>\n<p>This is true as per Section 152 of the Companies Act, 2013. The Board of Directors is constituted by the shareholders of the company in the general meeting.<\/p>\n<ul>\n<li>The <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> Board of Directors is the proper authority to convene Annual General Meeting.<\/li>\n<\/ul>\n<p>This is true as per Section 102 of the Companies Act, 2013. The Board of Directors is responsible for convening the Annual General Meeting of the company.<\/p>\n<ul>\n<li>The gap between two annual general meetings must not be more than fifteen months.<\/li>\n<\/ul>\n<p>This is true as per Section 102 of the Companies Act, 2013. The gap between two Annual General Meetings of a company must not be more than fifteen months.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>Option 1: The shareholders of a company can appoint Board of Directors.<\/li>\n<\/ul>\n<p>This is true as per Section 152 of the Companies Act, 2013. The Board of Directors is constituted by the shareholders of the company in the general meeting.<\/p>\n<ul>\n<li>Option 2: The Board of Directors is the proper authority to convene Annual General Meeting.<\/li>\n<\/ul>\n<p>This is true as per Section 102 of the Companies Act, 2013. The Board of Directors is <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> responsible for convening the Annual General Meeting of the company.<\/p>\n<ul>\n<li>Option 3: The gap between two annual general meetings must not be more than fifteen months.<\/li>\n<\/ul>\n<p>This is true as per Section 102 of the Companies Act, 2013. The gap between two Annual General Meetings of a company must not be more than fifteen months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[704],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which of the following statements are true in context of a company under Company Act, 2013? 1. The shareholders of a company can appoint Board of Directors. 2. The Board of Directors is the proper authority to convene Annual General Meeting. 3. 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