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प्रश्न
Justify the following statement:
A Director is an agent of the Company.
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उत्तर
(a) A company, being an artificial person cannot act on its own. It acts through the Directors. They, therefore, resemble as agents of the company in the eyes of law. As agents, Directors can enter into contracts, sign agreements or contracts, carry on the business, and perform all the other duties on behalf of the company.
(b) As agents, they must act within the scope of their authority and in the name of the principal (i.e. the company). They would be personally liable if they enter into a contract in their own name or use the company’s name incorrectly or exceed the powers given to them by the Memorandum of Association or the Articles of Association.
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संबंधित प्रश्न
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Only a member of ________ Can be a practicing Company Secretary
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The officer responsible for company’s finances
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Agents, Trustees and Managing Partners of the company.
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Audit which checks compliances of different legislations.
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The nature of the relationship of Director with the company.
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Name the secretarial standard-2
Answer in one sentence.
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Answer in one sentence.
Who provides guidance to the Board of Directors?
Correct the underlined word and rewrite the following sentence:
Public company must have minimum 15 Directors.
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First Directors are appointed by ROC.
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Alternate Director.
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Casual vacancy of a Director.
Study the following case/situation and express your opinion.
Mr. A is a commerce graduate. He has vast experience in the field of finance and the financial market. He wishes to become director of PQR co Ltd :
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Distinguish between the following:
Managing director and Manager
Answer in brief:
Mention any four ways in which the office of a Direction becomes vacant.
Answer in brief:
State any four powers of Managing Directors.
Justify the following statement:
Directors play a triple role.
Justify the following statement:
Company Secretary plays a triple role.
Justify the following statement:
A Director cannot be called an employee of the company.
