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Question
State whether the following statement is True or False.
Promoter of a company cannot be the Independent Director.
Options
True
False
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Solution
True
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RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
Up to _______ as maximum directors are allowed to a company.
Select the correct answer from the options given below and rewrite the statement.
_______ Powers are the powers given to the Board under the Act.
Match the pairs:
| Group ‘A’ | Group ‘B’ |
| a) Board of Directors | 1) Nominated by the Board |
| b) Managing Director | 2) Assists and advises the Board |
| c) Company Secretary | 3) Automatic Appointment |
| d) First Directors | 4) Appointed by ROC |
| e) Alternate Director | 5) Extensive Powers of management |
| 6) Substantial Powers of management | |
| 7) Appointed by Promoter | |
| 8) Assists and Advises the Government | |
| 9) Negligible Powers of management | |
| 10) Nominated by Council |
Match the pairs:
| Group ‘A’ | Group ‘B’ |
| a) Public company | 1) Arises due to death of Director |
| b) Private company | 2) Collective Powers |
| c) Secretarial Auditor | 3) Individual Powers to Directors |
| d) Casual Vacancy of a Director | 4) Arises due to additional work |
| e) Powers of the Board | 5) Appointed by Managing Director |
| 6) At least 2 (two) Directors | |
| 7) At least 3 (three) Directors | |
| 8) At least 15 (fifteen) Directors | |
| 9) At least 1 (one) Director | |
| 10) Appointed by the Board |
State whether the following statement is True or False.
A public company should have a minimum of 10 (ten) directors
State whether the following statement is True or False.
Executive Director is called as outside Director.
State whether the following statement is True or False.
Only individuals can be directors.
State whether the following statement is True or False.
The casual vacancy of the Board is filled by the members.
State whether the following statement is True or False.
To function as per the Articles of Association of the company is the statutory duty of the Board.
State whether the following statement is True or False.
Managing Director is appointed by a resolution.
State whether the following statement is True or False.
Minimum and Maximum age to be a Managing Director is 21 and 70; respectively.
Complete the sentence.
Minimum number of Directors for a private company should be_______
Complete the sentence.
Minimum number of Directors for an OPC should be _______
Complete the sentence.
At least one Woman Director is required by ______ company.
Complete the sentence.
The audit which checks the compliance of Companies Act is called as _______.
Select the correct option from the bracket:
| Group A | Group B |
| Rotational Director | __________ |
Select the correct option from the bracket:
| Group A | Group B |
| ______ | First Director |
Answer the following question:
Explain the duties of the Director.
