MCQs on SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 Part - 2

Q.1:- The time gap between two record dates shall be:

• at least thirty working days
• at least ten days
• at least twenty days
• at least thirty days

Q.2:- The listed entity shall prepare and submit un-audited or audited financial results on a half yearly basis in the format as specified by the Board from the end of the half year to the recognised stock exchange(s):

• within forty five days
• within sixty days
• within fifteen days
• within thirty days

Q.3:- The functions of the Risk Management Committee shall be:

• Reviewing of the risk management plan
• Monitoring and reviewing of cyber security
• Monitoring the risk management plan
• All of the above

Q.4:- The quorum for every meeting of the board of directors of the top 1000 listed entities with effect from April 1, 2019 and of the top 2000 listed entities with effect from April 1, 2020 shall be one- third of its total strength or whichever is higher, including at least one independent director:

• Four directors
• Two directors
• Five directors
• Three directors

Q.5:- A person shall not be a director in more than _______with effect from April 1, 2019:

• Six listed entities
• Ten listed entities
• Four listed entities
• Eight listed entities

Q.6:- The board of directors shall meet at least four times a year, with a maximum time gap of between any two meetings:

• one hundred and twenty days
• one hundred and twenty five days
• one hundred days
• one hundred and ten days

Q.7:- In case of any change or appointment of a new share transfer agent the listed entity shall intimate such appointment, to the stock exchange(s) of entering into the agreement:

• within seven days
• within ten days
• within fifteen days
• within three days

Q.8:- The top 500 and 1000 entities shall be determined on the basis of as at the end of the immediate previous financial year:

• Highest Reserves
• Market capitalization
• Highest market price of share
• Highest equity share capital

Q.9:- The approval of shareholders by special resolution shall be obtained every year, in which the annual remuneration payable to a single non-executive director of the total annual remuneration payable to all non­ executive directors, giving details of the remuneration thereof:

• exceeds fifty per cent
• exceeds forty per cent
• exceeds ten per cent
• exceeds twenty per cent

Q.10:- In the nomination /remuneration committee of the directors shall be independent directors:

• at least forty per cent
• at least fifty per cent
• at least ten per cent
• at least twenty per cent

Q.11:- No prior approval of the audit committee is required where the Related Party Transactions are:

• Transactions entered into between a holding company and its wholly owned subsidiary
• Transactions entered into between two government companies
• Both A and B are correct
• None of the above.

Q.12:- The listed entity shall give prior intimation to stock exchange about the meeting of the board of directors in which the proposals:

• Proposal for buyback of securities
• Proposal for voluntary delisting by the listed entity
• Financial results
• All of the above

Q.13:- The statutory auditor of a listed entity shall undertake a limited review of the audit of all the entities/companies whose accounts are to be consolidated with the listed entity as per in accordance with guidelines issued by the SEBI on this matter:

• AS 21
• AS 24
• AS11
• AS 16

Q.14:- The listed entity shall be allowed to change its name subject to compliance of:

• at least fifty percent of total revenue in the preceding one year period has been accounted for by the new activity suggested by the new name.
• the amount invested in the new activity/ project is at least fifty percent of the assets of the listed entity
• a time period of at least one year has elapsed from the last name change
• all of the above

Q.15:- The listed entity shall give prior intimation to the stock exchange(s) before the date on and from which the interest on debentures and bonds, and redemption amount of redeemable shares or of debentures and bonds shall be payable:

• at least seven working days
• at least eleven working days
• at least three working days
• at least nine working days

Q.16:- The nomination committee shall comprise of:

• at least four directors
• at least one director
• at least two directors
• at least three directors

Q.17:- The listed entity shall file with the recognised stock exchange(s) on a quarterly basis, ________, a statement giving the number of investor complaints pending at the beginning of the quarter, those received during the quarter, disposed of during the quarter and those remaining unresolved at the end of the quarter:

• within twenty one days from the end of each quarter
• within seven days from the end of each quarter
• within twenty eight days from the end of each quarter
• within fourteen days from the end of each quarter

Q.18:- With effect from April 1, 2020, the top 500 listed entities shall ensure that the Chairperson of the board of such listed entity shall:

• be an additional director
• be an executive director
• be a non-executive director
• be an alternate director

Q.19:- The audit committee shall review, the details of related party transactions entered into by the listed entity pursuant to each of the omnibus approvals given:

• at least on a quarterly basis,
• at least on a half yearly basis,
• at least on a monthly basis,
• at least on a bi-monthly basis,

Q.20:- What is the agenda in the Independent Director’s Meeting:

• To review the performance of the chairperson of the listed entity
• To assess the quality, quantity and timeliness of flow of information between the management of the listed entity and the board of directors
• To review the performance of non- independent directors and the board of directors as a whole
• All of the above

Q.21:- The intimation required to be given to the stock exchanges for conducting of the board meeting for considering of financial results shall be given excluding the date of the intimation and date of the meeting :

• at least two days in advance
• at least two working days in advance
• at least one day in advance
• at least one working day in advance

Q.22:- Every listed entity and its material unlisted subsidiaries incorporated in India shall undertake secretarial audit and shall annex with its annual report, a secretarial audit report, given by , in such form as may be specified with effect from the year ended March 31,2019:

• A company secretary in practice
• A company secretary in part time practice
• A company secretary
• None of the above .

Q.23:- The financial results shall be prepared on the basis of:

• Accrual accounting policy
• Receipt payment policy
• Accrual accounting policy
• None of the above

Q.24:- The listed entity shall comply with the minimum public shareholding requirements as specified in :

• SEBI (ICDR) Regulations, 2018
• The Securities Contracts (Regulation) Rules, 1957
• SEBI(LODR) Regulation 2015
• None of the above

Q.25:- The amount payable as dividend which the 'payable-at-par' warrants or cheques shall be sent by speed post:

• Exceeds Rs 3000.
• Exceeds Rs 10000.
• Exceeds Rs 1500.
• Exceeds Rs 5000.

Q.26:- The board of directors of a company shall have an optimum combination of executive and non-executive directors with ________and not less than fifty per cent of the board of directors shall comprise of non­ executive directors:

• at least one woman director
• more than one woman director
• one woman director
• None of the above

Q.27:- In case of a company under going under the CIRP, who will take care of compliance part:

• IBBI
• Committee of Creditors
• Resolution professional
• Committee of Creditors

Q.28:- No listed entity shall appoint a person or continue the directorship of any person as a non-executive director who has attained the age of:

• seventy years
• Seventy-five years
• Sixty years
• Sixty -five years

Q.29:- The listed entity shall file the reports, statements, documents, filings and any other information with the recognised stock exchange(s) _________as specified by the Board or the recognised stock exchange(s):

• On the electronic platform
• By way display on the company’s website
• By way of e-mail
• By way of physical letters

Q.30:- "independent director” means:

• A Nominee director
• Alternate director to the nominee director
• An executive director
• A non-executive director, other than a nominee director of the listed entity

Q.31:- The board of directors shall meet , with a maximum time gap of one hundred and twenty days between any two meetings:

• at least thrice a year
• at least four times a year
• at least in a year
• at least twice in a year

Q.32:- All related party transactions shall require prior approval of:

• The Audit Committee
• The Fraud Prevention Committee
• The Risk Management Committee
• The Stake Holders Committee

Q.33:- No person shall be appointed or continue as an alternate director for of a listed entity with effect from October 1, 2018:

• an executive director
• a director
• an independent director
• an additional director

Q.34:- A director shall not act as chairperson of across all listed entities in which he is a director which shall be determined as follows:

• more than three committees
• more than four committees
• more than five committees
• more than two committees

Q.35:- The listed entity shall submit to the stock exchange(s) a statement showing holding of securities and shareholding pattern separately for each class of securities, on a quarterly basis, from the end of each quarter:

• within twenty one days
• within twenty eight days
• within seven days
• within fourteen days

Q.36:- The listed entity shall submit to the stock exchange(s) a statement showing holding of securities and shareholding pattern separately for each class of securities, within ten days of any capital restructuring of the listed entity resulting in a change of the total paid-up share capital:

• exceeding three cent
• exceeding one per cent
• exceeding four per cent
• exceeding two per cent