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प्रश्न
Justify the following statement:
Directors are Managing Partners.
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उत्तर
- Directors represent owners of the company Viz. shareholders. As the Directors are elected representatives of the shareholders, they are entrusted with vast managerial powers. Being primarily shareholders, they are like partners with the other shareholders. In that relation, the Directors are regarded as the most active and managing partners and other shareholders as sleeping or dormant partners.
- As managing partners, the Directors perform almost all the proprietarily functions like the issue of shares, allotment of shares, making calls, forfeiting shares, etc. However, their acts are not binding on the shareholders or on each other unless the Articles provide so.
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संबंधित प्रश्न
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The organization with a distinct features of separate ownership and management.
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Answer in one sentence.
Who is the officer responsible for the Company’s financial plan?
Explain the following Term/Concept:
Managing Director.
Explain the following Term/Concept:
Executive Director.
Explain the following Term/Concept:
Non-Executive Director.
Explain the following Term/Concept:
Alternate Director.
Explain the following Term/Concept:
Casual vacancy of a Director.
Explain the following Term/Concept:
Chief Financial Officer
Distinguish between the following:
Managing Director and Whole Time Director
Justify the following statement:
Managing Director has substantial powers of management.
Write a word or a term or a phrase which can substitute the following statement.
This KMP signs documents of the company requiring authentication by the company.
Write a word, a term, or a phrase which can substitute the following statement.
This KMP signs documents of the company requiring authentication by the 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.
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.
