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Question
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.
Options
12
10
9
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Solution
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 12 months or more. with or without the leave of the Board, he shall be deemed to have vacated his office.
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RELATED QUESTIONS
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 Directors take decisions at ______ meeting.
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Every company except CFO and the small company shall hold minimum ______ Board Meetings in each year.
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The gap between two consecutive Board Meetings should not be more than ______ days.
Match the pairs:
| Group ‘A’ | Group ‘B’ |
| a) Directors | 1) At least 2 Directors |
| b) Absenteeism of Director in Board Meetings | 2) At least 3 Directors |
| c) Public Company | 3) Disqualification of director |
| d) Private Company | 4) Representatives of shareholders |
| e) Notice of a Routine Board Meeting | 5) 21 clear days |
| 6) 7 days | |
| 7) 70 days | |
| 8) Representative of public | |
| 9) At least 20 directors | |
| 10) At least 30 directors |
State whether the following statement is true or false:
A director can remain absent for any number of Board Meetings.
State whether the following statement is true or false:
Director can take decisions individually.
Select the correct option from the bracket:
| Group A | Group B |
| Notice of board meeting | _______________ |
Select the correct option from the bracket:
| Group A | Group B |
| _____________ | Meeting of all directors |
Attempt the following.
Draft the notice and agenda of routing board meeting.
Write a letter to the director who was absent for a board meeting to inform him about proceeding of the meeting.
Justify the following statement:
The Board of Directors are the elected representatives of the shareholders.
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?
Explain the following term/concept:
Conciseness
Explain the following term/concept:
Director
Correct the underline word and rewrite the following statement:
Secretary is a elected representative of the shareholders.
Answer in one sentence:
When does a Director vacate his office due to absenteeism at Board Meeting?
