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Question
Explain the following term/concept:
Initiative
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Solution
(1) Initiative means the ability or the power or opportunity to act or take charge before others do. The initiative can also mean a personal quality that shows a willingness to get things done and take responsibility. It is the start of something with the hope that it will continue.
(2) A company secretary is required to take initiative (a lead) in making arrangements for the board meetings. The company secretary informs the directors to convene Board meetings, shareholders meeting on schedule time. He takes initiative to convene different meetings of the company. Secretary also takes initiative to help directors in the smooth conduct of the meetings.
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RELATED QUESTIONS
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:
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.
A meeting of all the directors of a company.
State whether the following statement is true or false:
Directors act as trustees of the company.
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 |
| Duty of directors | ______________ |
Justify the following statement:
The secretary has to correspond with directors on an important occasion
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:
What are the points to be considered by a secretary while corresponding with the directors?
Explain the following term/concept:
Notice and Agenda of the Board meeting
Explain the following term/concept:
Board of Directors.
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:
Can a Director who was absent at Board Meeting get a copy of minutes of that Board Meeting?
