HSC Commerce (English Medium) ११ वीं कक्षा - Maharashtra State Board Question Bank Solutions for Secretarial Practice

Answer in one sentence.
What is the tenure of the ‘Managing Director"?

Correct the underlined word and rewrite the following sentence:

Public company must have minimum 15 Directors.

Correct the underlined word and rewrite the following sentence:

First Directors are appointed by ROC.

Correct the underlined word and rewrite the following sentence:

Secretarial Standards are given by the Companies Act, 2013.

Explain the following Term/Concept:

Managing Director.

Explain the following Term/Concept:

Independent 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

Explain the following Term/Concept:

Company Secretary

Explain the following Term/Concept:

Secretarial Standard

Explain the following Term/Concept:

Secretarial Audit

Explain the following term/concept:

The Board of Directors

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 :

(a) Is he required to obtain DIN?

(b) Can PQR Co. Ltd. object to his directorship on lack of specialized qualification

(c) If he is appointed as director of PQR Co Ltd, is he entitled to remuneration?

Study the following case/situation and express your opinion.

Mr. Z is a member of Institute of Company Secretaries of India:

(a) Can Mr. Z be appointed as pro-tem Secretary of LMN Ltd. which is under formation?

(b) Can Mr. Z work as a secretarial Auditor?

(c) Mr. Z wishes to be employed as whole time Secretary in companies ABC Ltd. and OPC Ltd. Is he allowed?

Study the following case/situation and express your opinion.

Mr. M wishes to be the Managing director of QRS Ltd:

(a) The age of Mr. M is 30 years. Can he be appointed as MD of a company?

(b) Is it necessary that Mr. M should be one of the directors on the Board of QRS Ltd.?

(c) For how long a period QRS Ltd. can appoint Mr. M. as Managing Director?

Distinguish between the following:

Director and Managing Director

Distinguish between the following:

Managing director and Manager