Advertisements
Advertisements
प्रश्न
Answer in brief:
State any four powers of the Board of Directors.
Advertisements
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;
APPEARS IN
संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
________ is to be prepared in prescribed form MR -3.
Write a word or a term or a phrase which can substitute the following statement:
The officer who is a statutory and administrative officer and also acts as co-coordinator of the company.
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:
The nature of the relationship of Director with 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 is the officer responsible for the Company’s financial plan?
Answer in one sentence.
Who provides guidance to the Board of Directors?
Explain the following Term/Concept:
Non-Executive Director.
Explain the following Term/Concept:
Casual vacancy of a Director.
Answer in brief:
Mention any four ways in which the office of a Direction becomes vacant.
Justify the following statement:
DIN helps investors of the company.
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 document of company requiring authentication by company.
Write a word or a term or a phrase which can substitute of 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 company requiring authentication by company.
