ICAB PL Corporate Laws and Practices Practice Questions - ICAB CA Professional Level Corporate Laws and Practices (Bangladesh) Exam - ICAB PL Corporate Laws and Practices Practice Questions - ICAB CA Professional Level Corporate Laws and Practices (Bangladesh) Exam

Question 1

Under section 2 of the Companies Act 1994 (Bangladesh), which combination of restrictions must appear in a private company's articles?

Restriction on transfer of shares, prohibition on inviting public subscription for shares or debentures, and a membership cap of 50 excluding persons in the company's employment Restriction on transfer of shares, a membership cap of 200, and a requirement to list on a stock exchange within three years Prohibition on issuing preference shares, a membership cap of 20, and mandatory conversion into a public company after five years A requirement to obtain Bangladesh Bank approval before any share allotment, a membership cap of 100, and no limit on public invitations

Correct Answer:

Restriction on transfer of shares, prohibition on inviting public subscription for shares or debentures, and a membership cap of 50 excluding persons in the company's employment

Question 2

Under section 90 of the Companies Act 1994, what is the minimum number of directors?

Three for every public company and for a private company that is a subsidiary of a public company; two for every other private company; and only a natural person may be appointed director Five for every listed company and one for every private company, and a body corporate may be appointed director Seven for every public company and three for every private company, with no restriction on corporate directors One director is sufficient for every company limited by shares

Correct Answer:

Three for every public company and for a private company that is a subsidiary of a public company; two for every other private company; and only a natural person may be appointed director

Question 3

Section 96 of the Companies Act 1994 requires board meetings of every company to be held:

At least once in every three months and at least four times in every year Only once in each financial year, immediately before the annual general meeting At least monthly, with no annual minimum Only when the managing director requisitions a meeting

Correct Answer:

At least once in every three months and at least four times in every year

Question 4

Under section 81 of the Companies Act 1994, what is the latest date for a newly incorporated company's first annual general meeting, and what is the maximum gap between later AGMs?

First AGM within 18 months of incorporation; thereafter the interval between one AGM and the next must not exceed 15 months First AGM within 6 months of incorporation; thereafter every 12 months with no possible extension First AGM within 24 months of the certificate of commencement; thereafter every 18 months No first-AGM deadline; members may waive the AGM indefinitely by ordinary resolution

Correct Answer:

First AGM within 18 months of incorporation; thereafter the interval between one AGM and the next must not exceed 15 months

Question 5

Under section 83 of the Companies Act 1994, when must a company limited by shares (or a guarantee company with share capital) hold its statutory meeting, and how far in advance must the statutory report be sent?

After 30 days but within 180 days of becoming entitled to commence business, with the statutory report sent at least 21 days before the meeting Within 18 months of incorporation, with the statutory report sent 7 days before the meeting Within 90 days of the first board meeting, with no advance circulation of a report Only if the company intends to list, and then within 12 months of listing

Correct Answer:

After 30 days but within 180 days of becoming entitled to commence business, with the statutory report sent at least 21 days before the meeting

Question 1

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Prepare with the ICAB PL Corporate Laws and Practices Practice Questions - ICAB CA Professional Level Corporate Laws and Practices (Bangladesh) Exam practice quiz. This question bank includes 100 questions covering company, companies, bsec, corporate, and audit. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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ICAB PL Corporate Laws and Practices Practice Questions - ICAB CA Professional Level Corporate Laws and Practices (Bangladesh) Exam

This practice set contains 100 questions from the matching question bank and focuses on company, companies, bsec, corporate, and audit. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

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ICAB PL Corporate Laws and Practices Practice Questions - ICAB CA Professional Level Corporate Laws and Practices (Bangladesh) Exam

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