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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:
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:
Every company except CFO and the small company shall hold minimum ______ Board Meetings in each year.
Write a word or a term or a phrase which can substitute the following statement.
A meeting of all the directors of a company.
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:
A director can be removed before the expiry of his term.
State whether the following statement is true or false:
Directors act as trustees of the company.
State whether the following statement is true or false:
A director can remain absent for any number of Board Meetings.
State whether the following statement is true or false:
Directors act as agents and trustees of the company.
State whether the following statement is true or false:
Company Secretary need not attend the board meetings.
Complete the sentence.
The elected representatives of the shareholders are called as _________
Answer in brief:
Under what circumstances will a Secretary correspond with a Director?
Explain the following term/concept:
Notice and Agenda of the Board meeting
Explain the following term/concept:
Conciseness
Explain the following term/concept:
Director
Correct the underline words and rewrite the following statement:
Secretary is responsible for decision making and framing policies of a company.
Answer in one sentence:
Can a Director who was absent at Board Meeting get a copy of minutes of that Board Meeting?
Answer in one sentence:
When does a Director vacate his office due to absenteeism at Board Meeting?
Write a letter to the director requesting him to disclose his personal interest in a contract.
