Advertisements
Advertisements
प्रश्न
Justify the following statement:
A Director is an agent of the Company.
Advertisements
उत्तर
(a) A company, being an artificial person cannot act on its own. It acts through the Directors. They, therefore, resemble as agents of the company in the eyes of law. As agents, Directors can enter into contracts, sign agreements or contracts, carry on the business, and perform all the other duties on behalf of the company.
(b) As agents, they must act within the scope of their authority and in the name of the principal (i.e. the company). They would be personally liable if they enter into a contract in their own name or use the company’s name incorrectly or exceed the powers given to them by the Memorandum of Association or the Articles of Association.
APPEARS IN
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
Write a word or a term or a phrase which can substitute the following statement:
The organization with a distinct features of separate ownership and management.
Write a word or a term or a phrase which can substitute the following statement:
The body of elected representatives of 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.
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?
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:
Executive Director.
Explain the following Term/Concept:
Company Secretary
Explain the following Term/Concept:
Secretarial Audit
Answer in brief:
State any four powers of the Board of Directors.
Justify the following statement:
The company has a distinct feature of separate ownership and management.
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 company requiring authentication by company.
