Multiple Choice Questions on A company ABC Ltd Whose shareholding pattern is as follows 30 shareholding by Central Government 30 ........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

A company ABC Ltd Whose shareholding pattern is as follows 30 shareholding by Central Government 30 ...........

Companies Act-Phase (I & II) Audit and auditors
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    A company ABC Ltd. Whose shareholding pattern is as follows; 30% shareholding by Central Government, 30% by State Government. The auditor of the same is appointed by C&AG.  Subsequently he is disqualified. The vacancy is filled by:

    C&AG within 30 days

    Correct Answer

    C&AG within 60 days

    Incorrect Answer

    BODs  within 30 days

    Incorrect Answer

    Members within 30 days

    Incorrect Answer
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    Explanation:

    As per section 139(8) of Companies Act, 2013, the casual vacancy in case of Government Company is filled by C&AG within 30 days.

    By: Vikas Goyal
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