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प्रश्न
Explain the following Term/Concept:
The Board of Directors
उत्तर
(1) The directors are the elected representatives of the shareholders who are appointed for directing, governing, or controlling the policy or 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.
(2) 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, comprising 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 persons such as managing director, company Secretary Chief Financial Officer, etc. to assure efficient and effective management and administration of the company.
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संबंधित प्रश्न
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:
Qualification required being a 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.
Explain the following Term/Concept:
Managing Director.
Explain the following Term/Concept:
Non-Executive Director.
Explain the following Term/Concept:
Company Secretary
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:
State any four powers of Managing Directors.
Justify the following statement:
The company has a distinct feature of separate ownership and management.
Justify the following statement:
DIN helps investors of the company.
Justify the following statement:
A Director cannot be called an employee of the company.
Justify the following statement:
Managing Director has substantial powers of management.
Justify the following statement:
Secretarial Standards should be in conformity with the Act.
Answer the following question:
Explain the role of the director?
Answer the following question:
Explain 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 of the following statement.
This KMP signs document of company requiring authentication by 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.
