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प्रश्न
Justify the following statement:
Directors have to work as a team.
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उत्तर
(a) Directors are the elected representatives of the shareholders who are appointed for directing governing and controlling the management of the company. They are the men of commercial skill and business tact. They are authorized by the shareholders to utilize the capital, acquire assets, appoints the personnel to conduct the affairs of the company for the benefit of the shareholders of the company.
(b) To carry out the functions, assigned to them by the shareholders, the directors exercise their powers collectively as aboard. They cannot exercise their powers in their individual capacity. They work together as a team. The team of directors, i.e. the Board of Directors is the highest body with extensive powers. It is a policy framing and decision making organ of the company.
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संबंधित प्रश्न
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 officer responsible for company’s finances
Answer in one sentence.
Who provides guidance to the Board of Directors?
Explain the following Term/Concept:
Managing Director.
Explain the following Term/Concept:
Executive Director.
Explain the following Term/Concept:
Casual vacancy of a Director.
Explain the following Term/Concept:
Company Secretary
Explain the following Term/Concept:
Secretarial Audit
Distinguish between the following:
Director and Managing Director
Distinguish between the following:
Managing Director and Whole Time Director
Answer in brief:
State any four powers of Managing Directors.
Justify the following statement:
A Director is an agent of the Company.
Justify the following statement:
Company Secretary plays a triple role.
Justify the following statement:
A Director cannot be called an employee 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 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 of the following statement.
This KMP signs document of company requiring authentication by company.
