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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
Select the correct answer from the options given below and rewrite the statement.
_________ Is an employee of the company?
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________ is to be prepared in prescribed form MR -3.
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The officer responsible for company’s finances
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Qualification required being a Company Secretary.
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Name the secretarial standard-3
Answer in one sentence.
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Public company must have minimum 15 Directors.
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Managing Director.
Explain the following Term/Concept:
Chief Financial Officer
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The Board of Directors
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State the Statutory Duties of a Company Secretary.
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Directors play a triple role.
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Indian companies prefer to appoint a M. D. than Manager.
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Explain the role of the director?
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This KMP signs document of company requiring authentication by company.
Write a word or a term or a phrase which can substitute of the following statement.
This KMP signs document of company requiring authentication by company.
Write a word or a term or a phrase which can substitute the following statement.
This KMP signs document of company requiring authentication by company.
