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.
Managing Director is appointed for a period of ______ Years.
Select the correct answer from the options given below and rewrite the statement.
_________ Is an employee of the company?
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:
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:
The nature of the relationship of Director with the company.
Write a word or a term or a phrase which can substitute the following statement:
Name the secretarial standard-l
Explain the following Term/Concept:
Independent Director.
Explain the following Term/Concept:
Alternate Director.
Explain the following Term/Concept:
Chief Financial Officer
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. Z is a member of Institute of Company Secretaries of India:
(a) Can Mr. Z be appointed as pro-tem Secretary of LMN Ltd. which is under formation?
(b) Can Mr. Z work as a secretarial Auditor?
(c) Mr. Z wishes to be employed as whole time Secretary in companies ABC Ltd. and OPC Ltd. Is he allowed?
Justify the following statement:
DIN helps investors of the company.
Justify the following statement:
Company Secretary plays a triple role.
Justify the following statement:
Managing Director has substantial powers of management.
Justify the following statement:
Indian companies prefer to appoint a M. D. than Manager.
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.
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.
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.
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.
