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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.
_________ Is an employee of the company?
Select the correct answer from the options given below and rewrite the statement.
Only a member of ________ Can be a practicing Company Secretary
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:
Qualification required being a Company Secretary.
Write a word or a term or a phrase which can substitute the following statement:
Agents, Trustees and Managing Partners of 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.
What is the importance of Secretarial Standards?
Answer in one sentence.
Who provides guidance to the Board of Directors?
Answer in one sentence.
What is the tenure of the ‘Managing Director"?
Explain the following Term/Concept:
Casual vacancy of a Director.
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. 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?
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:
Directors have to work as a team.
Answer the following question:
Explain the role of the director?
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.
