FINAL ANSWER KEY

Question 12/2024/OL

Paper Code:

Category 407/2022

Code:

Exam: Deputy Manager (Finance Accounts and Secretarial)

Date of Test 30-01-2024
Department Travancore Sugars and Chemicals Ltd

Question1:-Given below are two statements :

Statement | : Premium payable on the redemption of preference shares must be
paid out of the profit only.

Statement Il : Amount of capital redemption reserve may be applied by the
company to issue fully paid-up bonus shares to the members

A:-Both statements are True

B:-Both statements are False

C:-Statement | is True and Statement II is False
D:-Statement | is false and Statement II is True
Correct Answer:- Option-D

Question2:-Which among the following are correct with regard to the remedies
available for secured debenture holders in case of default in payment of principal
amount or interest

1. To file a suit for the sale of property charged

ll. To file a suit for foreclosure

‎To make an appointment of receiver‏ .ا1۱

‎A:-l, ll and Ill

‎B:-I and II only

‎C:-Il and Ill only

‎D:-None of the above
Correct Answer:- Option-A

‎Question3:-On the cessation of office of first auditor of the company, the
subsequent auditor shall be appointed by

‎A:-Board of directors
B:-Company
C:-CAG
D:-None of the above
Correct Answer:- Option-C
Question4:-Based on the following statements choose the most appropriate answer

‎Statement | : The companies prescribed by the central government shall have
atleast one women director.