Advertisements
Advertisements
Question
Explain the following Term/Concept:
Director.
Solution
(1) Section 2 (34) of the Companies Act, 2013 defines “a Director means a director appointed to the Board of the Company”. He is a person appointed to manage, direct, governor control, and supervise the affairs of the company. Only an individual and not a body corporate, association, or firm can act as a director. Directors are the men of commercial skill and business tact.
(2) Directors are authorized by the shareholders to utilize the capital, acquire the assets, and appoint capable personnel to conduct the affairs of the Company. A director works in a number of capacities Viz. as an agent, as a trustee, and as a managing partner.
APPEARS IN
RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
________ can be a director.
Select the correct answer from the options given below and rewrite the statement.
_______ Is a unique identification number required to be a Director?
State whether the following statement is True or False.
A large number of shareholders necessitates the company to have a separate managerial body.
State whether the following statement is True or False.
The maximum number of Directors allowed to a company is 15 (fifteen).
State whether the following statement is True or False.
Promoter of a company cannot be the Independent Director.
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.
A Director is an employee of the company.
State whether the following statement is True or False.
Minimum and Maximum age to be a Managing Director is 21 and 70; respectively.
State whether the following statement is True or False.
A company may appoint more than one M. D.
Find the odd one.
Complete the sentence.
Minimum number of Directors for a public company should be _______
Complete the sentence.
Minimum number of Directors for an OPC should be _______
Complete the sentence.
First Directors of a company are appointed by _______
Complete the sentence.
At least one Woman Director is required by ______ company.
Complete the sentence.
Casual vacancy on Board is filled by _______.
Select the correct option from the bracket:
| Group A | Group B |
| ______ | First Director |
Answer in brief:
What is DIN?
Answer the following question:
Explain the duties of the Director.
