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प्रश्न
Justify the following statement:
The Board of Directors are the elected representatives of the shareholders.
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उत्तर
(1) In a joint stock company, there is a separation of ownership from the management. Although the shareholders are the owners of the company, they never participate in the management. The shareholders elect their representatives from amongst themselves. The elected representatives are called ‘directors’. The directors form themselves into a body called a Board of Directors. Thus, the Board of Directors is the elected representatives of the shareholders.
(2) The shareholders delegate their powers of management to the Board. The Board after discussion decides the matters frame the policies and takes policy decisions. The managing Directors with the help of the managerial staff implements the policies.
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संबंधित प्रश्न
Select the correct answer from the option given below and rewrite the statement:
Representatives of shareholders are __________.
Select the correct answer from the option given below and rewrite the statement:
The notice of the meeting of the Board of Directors must be accompanied by __________.
Select the correct answer from the option given below and rewrite the statement:
The Directors take decisions at ______ meeting.
Select the correct answer from the option given below and rewrite the statement:
According to Section 167(1) ((b) of the Companies Act, 2013 if a director absents himself from all the meetings of the Board. for a period of ______ months or more. with or without the leave of the Board, he shall be deemed to have vacated his office.
Write a word or a term or a phrase which can substitute the following statement.
An employee of a company who provides guidance and advice to the Board of Director about business matters.
State whether the following statement is true or false:
Directors act as agents and trustees of the company.
Select the correct option from the bracket:
| Group A | Group B |
| _____________ | Meeting of all directors |
Justify the following statement:
The secretary should take certain precaution while corresponding with directors
Justify the following statement:
Directors exercise their powers and authorities collectively as a Board.
Answer in brief:
Under what circumstances will a Secretary correspond with a Director?
Complete the sentence.
The notice period for Board Meeting shall not be less than _______
Explain the following term/concept:
Initiative
Explain the following term/concept:
Politeness
Explain the following term/concept:
Conciseness
Explain the following term/concept:
Board of Directors.
Explain the following term/concept:
Director
Answer in one sentence:
When does a Director vacate his office due to absenteeism at Board Meeting?
Write a letter to the director requesting him to disclose his personal interest in a contract.
