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प्रश्न
Justify the following statement:
The Board of Directors are the elected representatives of the shareholders.
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उत्तर
(1) In a joint stock company, there is a separation of ownership from the management. Although the shareholders are the owners of the company, they never participate in the management. The shareholders elect their representatives from amongst themselves. The elected representatives are called ‘directors’. The directors form themselves into a body called a Board of Directors. Thus, the Board of Directors is the elected representatives of the shareholders.
(2) The shareholders delegate their powers of management to the Board. The Board after discussion decides the matters frame the policies and takes policy decisions. The managing Directors with the help of the managerial staff implements the policies.
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संबंधित प्रश्न
Select the correct answer from the option given below and rewrite the statement:
Representatives of shareholders are __________.
Select the correct answer from the option given below and rewrite the statement:
The notice of the meeting of the Board of Directors must be accompanied by __________.
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:
According to Section 167(1) ((b) of the Companies Act, 2013 if a director absents himself from all the meetings of the Board. for a period of ______ months or more. with or without the leave of the Board, he shall be deemed to have vacated his office.
Select the correct answer from the option given below and rewrite the statement:
The gap between two consecutive Board Meetings should not be more than ______ days.
Match the pairs:
| Group ‘A’ | Group ‘B’ |
| a) Directors | 1) At least 2 Directors |
| b) Absenteeism of Director in Board Meetings | 2) At least 3 Directors |
| c) Public Company | 3) Disqualification of director |
| d) Private Company | 4) Representatives of shareholders |
| e) Notice of a Routine Board Meeting | 5) 21 clear days |
| 6) 7 days | |
| 7) 70 days | |
| 8) Representative of public | |
| 9) At least 20 directors | |
| 10) At least 30 directors |
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.
Select the correct option from the bracket:
| Group A | Group B |
| Notice of board meeting | _______________ |
Complete the sentence.
The elected representatives of the shareholders are called as _________
Attempt the following.
Draft the notice and agenda of routing board meeting.
Answer in brief:
Under what circumstances will a Secretary correspond with a Director?
Answer in brief:
What are the points to be considered by a secretary while corresponding with the directors?
Complete the sentence.
The notice period for Board Meeting shall not be less than _______
Explain the following term/concept:
Notice and Agenda of the Board meeting
Explain the following term/concept:
Conciseness
Explain the following term/concept:
Director
