Maharashtra Board Class 11 Secretarial Practice Important Questions Chapter 12 Correspondence with Statutory Authorities

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Balbharti Maharashtra State Board Class 11 Secretarial Practice Important Questions Chapter 12 Correspondence with Statutory Authorities Important Questions and Answers.

Maharashtra State Board 11th Secretarial Practice Important Questions Chapter 12 Correspondence with Statutory Authorities

1A. Write a word or a term or a phrase that can substitute each of the following statements.

Question 1.
Headquarters of Ministry of Corporate Affairs.
Answer:
New Delhi

Question 2.
The number of Regional Directors.
Answer:
Seven

Question 3.
Total number of Registrar of Companies.
Answer:
Twenty-two

Maharashtra Board Class 11 Secretarial Practice Important Questions Chapter 12 Correspondence with Statutory Authorities

Question 4.
The number of ROC’s – cum Official liquidator.
Answer:
Nine

Question 5.
Officer appointed by High Court to look into the matter of winding up of a company.
Answer:
Official Liquidator

Question 6.
Principal Bench of NCLT.
Answer:
New Delhi

1B. State whether the following statements are True or False.

Question 1.
MCA operates with the help of 10 Regional Directors.
Answer:
False

Question 2.
NCLT works through 25 benches.
Answer:
False

Maharashtra Board Class 11 Secretarial Practice Important Questions Chapter 12 Correspondence with Statutory Authorities

Question 3.
MCA supervises the working of professional bodies like ICAI, and ICSI.
Answer:
True

1C. Complete the sentences.

Question 1.
To issue an order for seizure of books and papers, ROC has to seek _____________
Answer:
Special Court

Question 2.
MCA is concerned with administration of _____________
Answer:
The Companies Act, 2013

Question 3.
MCA supervises professional body like _____________
Answer:
Institute of Secretaries of India (ICSI)

Question 4.
The headquarter of MCA is at _____________
Answer:
New Delhi

Question 5.
An organization who act as a middleman between capital provider and capital seekers is called as _____________
Answer:
Market Intermediaries

Maharashtra Board Class 11 Secretarial Practice Important Questions Chapter 12 Correspondence with Statutory Authorities

Question 6.
Informing about difficulty in uploading e-form means _____________
Answer:
Raising a ticket

1D. Select the correct option from the bracket.

Question 1.

Group ‘A’ Group ‘B’
(1) Public Deposits ……………………….
(2) ……………………… The agent between capital provider and seeker

(Market Intermediaries, 36 Months)
Answer:

Group ‘A’ Group ‘B’
(1) Public Deposits 36 Months
(2) Market Intermediaries Agents between capital provider and seller

1E. Answer in one sentence.

Question 1.
Name the authority who supervises the working of ROC and the Official Liquidator.
Answer:
The authority who supervises the working of ROC’s and the Official Liquidator is Regional Director (RD).

Question 2.
Who can extend the period of helding the Annual General Meeting?
Answer:
Registrar of Company can extend the period of helding the Annual General Meeting.

Maharashtra Board Class 11 Secretarial Practice Important Questions Chapter 12 Correspondence with Statutory Authorities

Question 3.
Where can an appeal be made against the order of NCLAT?
Answer:
An appeal against the order of NCLAT can be made to Supreme Court within 60 days of receipt of the order of NCLAT.

Question 4.
What do you mean by Market Intermediaries?
Answer:
People or organizations who act as a middleman between the capital provider and capital seeker are called as Market Intermediaries. E.g. Stock Brokers, bankers, underwriters, etc.

1F. Correct the underlined word and rewrite the following sentences.

Question 1.
An appeal can be made against the order issued by NCLAT within 90 days.
Answer:
An appeal can be made against the order issued by NCLAT within 60 days.

Question 2.
An appeal against the order issued by NCLAT can be made to High Court.
Answer:
An appeal against the order issued by NCLAT can be made to Supreme Court.

Question 3.
MCA conducts its operations through 11 Regional Directors.
Answer:
MCA conducts its operations through 7 Regional Directors.

Maharashtra Board Class 11 Secretarial Practice Important Questions Chapter 12 Correspondence with Statutory Authorities

2. Answer in brief.

Question 1.
Give a flow chart to explain the organizational setup to administer the Companies Act, 2013.
Answer:
Organizational set up to administer the Companies Act, 2013.
Maharashtra Board Class 11 Secretarial Practice Important Questions Chapter 12 Correspondence with Statutory Authorities 2 Q1

3. Justify the following statements.

Question 1.
Explain the reasons for not holding Annual General Meeting by a company on time.
Answer:
Reasons for not holding Annual General Meeting on time:

  • Directors traveling abroad, so cannot attend Annual General Meeting.
  • Employees Strike in a company.
  • A raid by Income Tax Department.
  • Annual Financial statement not approved or not audited or incomplete audit or loss of financial data due to natural calamity.

Maharashtra Board Class 11 Secretarial Practice Important Questions Chapter 12 Correspondence with Statutory Authorities

Question 2.
Under what circumstances, Secretary has to correspond with Statutory authorities.
Answer:
Under the following circumstances, Secretary has to correspond with a few of the Statutory authorities:

  • To correspond with ROC for seeking extension of time for holding Annual General Meeting.
  • To correspond with MCA for ‘Ticket Raising’ or other service-related technical complaints.
  • To correspond with SEBI in reply to the complaint by the investor.
  • To correspond with NCLT seeking extension of time to repay Public deposits.