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प्रश्न
Explain the following term/concept:
The Board of Directors
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उत्तर
- The directors are the elected representatives of the shareholders who are appointed for directing, governing, or controlling the policy and management of the company. The directors exercise their powers collectively as a board. Thus, the Board of Directors is the policy-framing and decision-making organ of the company.
- The top-level management of the company comprises the Board of Directors, which is a group of directors. The Board of Directors is the highest body of the company with extensive powers, consisting of several directors who are experts in different fields and appointed as per the provisions of the Companies Act. The Board of Directors of the company is assisted by several officers such as the Managing Director, Company Secretary, and Chief Financial Officer to ensure efficient and effective management and administration of the company.
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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
Select the correct answer from the options given below and rewrite the statement.
Only a member of ________ Can be a practicing 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.
Answer in one sentence.
What is the importance of Secretarial Standards?
Answer in one sentence.
Who provides guidance to the Board of Directors?
Correct the underlined word and rewrite the following sentence:
First Directors are appointed by ROC.
Explain the following Term/Concept:
Non-Executive Director.
Explain the following Term/Concept:
Chief Financial Officer
Explain the following Term/Concept:
Secretarial Audit
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
Answer in brief:
Mention any four ways in which the office of a Direction becomes vacant.
Justify the following statement:
A Director is an agent of the Company.
Justify the following statement:
Indian companies prefer to appoint a M. D. than Manager.
Justify the following statement:
Secretarial Standards should be in conformity with the Act.
Write a word or a term or a phrase which can substitute the following statement.
This KMP signs documents 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 a document of a company requiring authentication by a 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.
