Accountancy MCQs | Chapter-wise Multiple Choice Questions with Answers

Accountancy and Statistics

Accountancy and Book Keeping MCQs

Practice the latest Accountancy MCQs with answers and detailed explanations. Explore chapter-wise multiple-choice questions covering important accounting concepts, bookkeeping, financial statements, journal entries, ledger, trial balance, depreciation, ratio analysis, partnership accounts, company accounts, and more. Perfect for Class 11 &amp;amp; 12, B.Com, CA Foundation, CUET, Banking, SSC, JKSSB, JKPSC and competitive exams.

1861

Total Questions

Practice Questions

Page 94 of 94

Question #1861

Share Report

Under the Companies Act 2013, the 'Independent Directors' must hold a special training. If an independent director fails to attend the training, what is the consequence?

A. No consequence, as training is optional

B. His appointment is rendered void, and he cannot be appointed as an independent director

C. He is fined ₹50,000

D. He is automatically removed from the board

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
As per the Companies (Appointment and Qualification of Directors) Rules, if a person selected as an independent director fails to undergo the prescribed training, their appointment becomes void, and they are ineligible for appointment as an independent director.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Accountancy and Book Keeping MCQs

Accountancy and Book Keeping MCQs

Practice Questions

More Accountancy and Statistics Topics