Advertisements
Advertisements
Question
Explain the following term/concept:
The Board of Directors
Advertisements
Solution
- The directors are the elected representatives of the shareholders who are appointed for directing, governing, or controlling the policy and management of the company. The directors exercise their powers collectively as a board. Thus, the Board of Directors is the policy-framing and decision-making organ of the company.
- The top-level management of the company comprises the Board of Directors, which is a group of directors. The Board of Directors is the highest body of the company with extensive powers, consisting of several directors who are experts in different fields and appointed as per the provisions of the Companies Act. The Board of Directors of the company is assisted by several officers such as the Managing Director, Company Secretary, and Chief Financial Officer to ensure efficient and effective management and administration of the company.
APPEARS IN
RELATED QUESTIONS
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.
________ is to be prepared in prescribed form MR -3.
Write a word or a term or a phrase which can substitute the following statement:
Name the secretarial standard-l
Write a word or a term or a phrase which can substitute the following statement:
Name the secretarial standard-3
Answer in one sentence.
What is the importance of Secretarial Standards?
Explain the following Term/Concept:
Non-Executive Director.
Explain the following Term/Concept:
Alternate Director.
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?
Distinguish between the following:
Managing Director and Whole Time Director
Answer in brief:
State any four powers of the Board of Directors.
Answer in brief:
State the Statutory Duties of a Company Secretary.
Justify the following statement:
Directors play a triple role.
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 a document of a company requiring authentication by a company.
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 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.
