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प्रश्न
Answer in brief:
State any four powers of the Board of Directors.
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उत्तर
Powers of Board of Directors:
(1) Board of Directors has the power to borrow money. For expansion, modernization, and development of the company by applying to the bank for loan and overdraft facility, by the issue of debentures of different types and by the issue of bonds.
(2) It has the power to invest surplus or idle funds in short term or long term securities as per the requirement of the company.
(3) It has the power to appoint or remove key managerial personnel (KMP) such as managing director, company secretary, chief financial officer, etc.
(4) It has the power to fill casual vacancies by appointing additional, alternate or co-opted directors;
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संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
To provide guidance to Board is _____ duty of company Secretary
Write a word or a term or a phrase which can substitute the following statement:
Audit which checks compliances of different legislations.
Write a word or a term or a phrase which can substitute the following statement:
This KMP signs document of the company requiring authentication by the company.
Write a word or a term or a phrase which can substitute the following statement:
Name the secretarial standard-3
Answer in one sentence.
Who provides guidance to the Board of Directors?
Correct the underlined word and rewrite the following sentence:
Secretarial Standards are given by the Companies Act, 2013.
Explain the following Term/Concept:
Secretarial Audit
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?
Distinguish between the following:
Managing Director and Whole Time Director
Answer in brief:
State any four powers of Managing Directors.
Justify the following statement:
Directors have to work as a team.
Justify the following statement:
Pro-tem Secretary is helpful to the company.
Answer the following question:
Explain the Company Secretary.
Write a word or a term or a phrase which can substitute the following statement:
This KMP signs document 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.
Write a word or a term or a phrase which can substitute the following statement:
This KMP signs document of the company requiring authentication by the company.
