Advertisements
Advertisements
प्रश्न
Justify the following statement:
Directors play a triple role.
Advertisements
उत्तर
(a) Directors work in triple capacities viz;
i) as an agent.
ii) as a managing partner
iii) as a trustee.
As agents, the directors can enter into contracts, sign agreements or contracts, carry on the business, and perform all the other duties. As agents, they must act within the scope of their authority and in the name of the principal i.e. the company.
(2) As a managing partner, directors are entrusted with managerial powers. As a managing partner, they perform almost all the proprietary functions like the issue of shares, allotment of shares, making calls, forfeiting shares, etc. The directors are considered as trustees of the company. They stand in a fiduciary relationship with their company. As a trustee, the directors look after the property, money, and other assets of the company.
APPEARS IN
संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
_________ is required to work under the superintendence, control, the guidance of the Boat.
Select the correct answer from the options given below and rewrite the statement.
_________ needs a whole time director.
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 body of elected representatives of company.
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.
Write a word or a term or a phrase which can substitute the following statement:
Name the secretarial standard-l
Answer in one sentence.
What is the tenure of the ‘Managing Director"?
Explain the following Term/Concept:
Casual vacancy of a Director.
Explain the following Term/Concept:
Chief Financial Officer
Explain the following Term/Concept:
Secretarial Standard
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?
Answer in brief:
State any four powers of the Board of Directors.
Answer in brief:
State any four powers of Managing Directors.
Justify the following statement:
Directors are Managing Partners.
Justify the following statement:
A Director cannot be called an employee of the company.
Answer the following question:
Explain the role of the director?
Answer the following question:
Explain the Company Secretary.
Write a word, 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 document of the company requiring authentication by the company.
