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प्रश्न
Justify the following statement:
A Director cannot be called an employee of the company.
उत्तर
(a) The directors are the elected representatives of the shareholders entrusted with well-defined powers and rights. The directors are not the employees of the company because they are only required to attend the Board meeting and set out the general policy of the company.
(b) The full-time officers like a manager, company secretary, etc. are employees appointed to carry out day-to-day activities of the company management. A director can be entitled to a share in the profit of a company including a handsome salary. Thus, a director of a company is a managing partner, trustee, and agent but cannot be regarded as employees of the company.
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संबंधित प्रश्न
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.
To provide guidance to Board is _____ duty of company Secretary
Write a word or a term or a phrase which can substitute the following statement:
The officer who is a statutory and administrative officer and also acts as co-coordinator of the company.
Write a word or a term or a phrase which can substitute the following statement:
This KMP signs document of the company requiring authentication by the company.
Answer in one sentence.
Who is the officer responsible for the Company’s financial plan?
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Secretarial Standards are given by the Companies Act, 2013.
Explain the following Term/Concept:
Managing Director.
Explain the following Term/Concept:
Independent Director.
Explain the following Term/Concept:
Casual vacancy of a Director.
Explain the following Term/Concept:
The Board of Directors
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?
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(c) For how long a period QRS Ltd. can appoint Mr. M. as Managing Director?
Answer in brief:
State any four powers of Managing Directors.
Justify the following statement:
Directors are Managing Partners.
Justify the following statement:
The company has a distinct feature of separate ownership and management.
Justify the following statement:
Directors have to work as a team.
Justify the following statement:
Company Secretary plays a triple role.
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 the company requiring authentication by the company.
