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प्रश्न
Justify the following statement:
A Director cannot be called an employee of the company.
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उत्तर
(a) The directors are the elected representatives of the shareholders entrusted with well-defined powers and rights. The directors are not the employees of the company because they are only required to attend the Board meeting and set out the general policy of the company.
(b) The full-time officers like a manager, company secretary, etc. are employees appointed to carry out day-to-day activities of the company management. A director can be entitled to a share in the profit of a company including a handsome salary. Thus, a director of a company is a managing partner, trustee, and agent but cannot be regarded as employees of the company.
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संबंधित प्रश्न
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Only a member of ________ Can be a practicing Company Secretary
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Public company must have minimum 15 Directors.
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First Directors are appointed by ROC.
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Secretarial Audit
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Directors are Managing Partners.
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The company has a distinct feature of separate ownership and management.
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Managing Director has substantial powers of management.
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Explain the Company Secretary.
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This KMP signs document of the company requiring authentication by the company.
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This KMP signs documents of the company requiring authentication by the company.
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This KMP signs document of company requiring authentication by company.
