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Explain the following Term/Concept: Independent Director. - Secretarial Practice

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प्रश्न

Explain the following Term/Concept:

Independent Director.

टीपा लिहा

उत्तर

(1) As per Section 149 of the Companies Act. 2013. "Any director other than a Managing Director, Whole Time Director, or a Nominee Director is an Independent Director." He holds office for a term up to 5 consecutive years and is eligible for reappointment. He is expected to possess skills, experience, and knowledge of different fields like law, management. sales, market, administration, corporate governance, and technical process (operation) concerning the company‘s business.

(2) In a listed Public Company, 1/3 % of its total number of directors should independent directors. In other public company at least 2 directors should be independent directors. He cannot hold office for more than 2 consecutive terms.

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Key Managerial Personnel (KMP)
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पाठ 6: Directors and Key Managerial personnel of a company - EXERCISES [पृष्ठ १००]

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बालभारती Secretarial Practice [English] 11 Standard Maharashtra State Board
पाठ 6 Directors and Key Managerial personnel of a company
EXERCISES | Q 2. 3) | पृष्ठ १००

संबंधित प्रश्‍न

Select the correct answer from the options given below and rewrite the statement.

_________ is required to work under the superintendence, control, the guidance of the Boat.


Select the correct answer from the options given below and rewrite the statement.

_________ need not be a director of the company.


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:

Name the secretarial standard-2


Answer in one sentence.
Who provides guidance to the Board of Directors?


Explain the following Term/Concept:

Company Secretary


Explain the following Term/Concept:

Secretarial Audit


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 Manager


Answer in brief:

State any four powers of Managing Directors.


Answer in brief:

State the Statutory Duties of a Company Secretary.


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:

A Director cannot be called an employee of the company.


Answer the following question:

Explain the role of the Company Secretary.


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.


Write a word or a term or a phrase which can substitute in 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.


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