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.
Managing Director is appointed for a period of ______ Years.
Select the correct answer from the options given below and rewrite the statement.
_________ need not be a director of the company.
Select the correct answer from the options given below and rewrite the statement.
To provide guidance to Board is _____ duty of company Secretary
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:
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:
Agents, Trustees and Managing Partners of the company.
Write a word or a term or a phrase which can substitute the following statement:
Name the secretarial standard-2
Explain the following Term/Concept:
Independent Director.
Explain the following Term/Concept:
Casual vacancy of a Director.
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. M wishes to be the Managing director of QRS Ltd:
(a) The age of Mr. M is 30 years. Can he be appointed as MD of a company?
(b) Is it necessary that Mr. M should be one of the directors on the Board of QRS Ltd.?
(c) For how long a period QRS Ltd. can appoint Mr. M. as Managing Director?
Answer in brief:
State any four powers of the Board of Directors.
Answer in brief:
Mention any four ways in which the office of a Direction becomes vacant.
Justify the following statement:
The company has a distinct feature of separate ownership and management.
Justify the following statement:
Directors play a triple role.
Justify the following statement:
Indian companies prefer to appoint a M. D. than Manager.
Answer the following question:
Explain the role of the director?
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.
