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प्रश्न
Explain the following term/concept:
Board of Directors.
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उत्तर
(1) The collective term applied to the full complement of the directors of a company. It is the Board of directors rather than individual members of it Which is responsible for directing the activities of the company, framing plans and policies decision making, and carrying out other important functions of the management of the company. The directors exercise their powers collectively as a Board. They cannot exercise their powers in an individual capacity.
(2) The directors are superiors and occupy an important (key) positions in the management of the company. They are authorised by the shareholders to utilise the capital to acquire assets to appoint the personnel to conduct the affairs of the company for the benefit of the shareholders. The Board of Directors is the policy-framing and decision making organ of the company. The Board of directors elects their representative from amongst them as Managing Director. The managing director is required to execute the policy framed by the Board.
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संबंधित प्रश्न
Select the correct answer from the option given below and rewrite the statement:
___________ looks after the management of a company.
Select the correct answer from the option given below and rewrite the statement:
Every company except CFO and the small company shall hold minimum ______ Board Meetings in each year.
Write a word or a term or a phrase which can substitute the following statement.
An employee of a company who provides guidance and advice to the Board of Director about business matters.
Write a word or a term or a phrase which can substitute the following statement.
A meeting of all the directors of a company.
Write a word or a term or a phrase which can substitute the following statement.
A written invitation was given to the Director to attend the meeting.
State whether the following statement is true or false:
Directors act as trustees of the company.
State whether the following statement is true or false:
Directors act as agents and trustees of the company.
State whether the following statement is true or false:
Company Secretary need not attend the board meetings.
Select the correct option from the bracket:
| Group A | Group B |
| _____________ | Meeting of all directors |
Complete the sentence.
The elected representatives of the shareholders are called as _________
Justify the following statement:
The secretary should take certain precaution while corresponding with directors
Justify the following statement:
Directors exercise their powers and authorities collectively as a Board.
Complete the sentence.
The notice period for Board Meeting shall not be less than _______
Explain the following term/concept:
Politeness
Correct the underline words and rewrite the following statement:
Secretary is responsible for decision making and framing policies of a company.
Correct the underline word and rewrite the following statement:
Secretary is a elected representative of the shareholders.
Answer in one sentence:
When does a Director vacate his office due to absenteeism at Board Meeting?
Write a letter to the director requesting him to disclose his personal interest in a contract.
