Advertisements
Advertisements
Question
Justify the following statement.
Board of Directors can exercise their powers collectively through the Board Meeting.
Solution
Shareholders are large in numbers and are scattered and spread over a wide area. They cannot personally take part in the management to manage the day-to-day affairs of the company. Hence they hold their meeting and elect their representatives called Directors. They are collectively called Board of Directors.
The Directors are given wide powers in the management of the company. The Directors exercise their powers collectively through their periodical meetings called Board Meetings. These meetings are important to share thoughts, discuss. debate and take policy decisions to manage day to-day workings of the company. In Board Meeting. Directors collectively take policy decisions on important issues such as issue of shares, allotment of shares, calls on shares, forfeiture of shares, sales, purchases, appointment of staff, expansion of business, etc. Thus, Board of Directors exercises their powers collectively through Board Meetings.
APPEARS IN
RELATED QUESTIONS
Complete the sentence:
Meeting of all Directors is called as __________
Select the correct option form the bracket
|
Group A |
Group B |
|
First Board Meeting |
______ |
Select the correct option form the bracket
|
Group A |
Group B |
|
______ |
21 clear days |
Select the correct option form the bracket
|
Group A |
Group B |
|
______ |
Alteration in Memorandum of Assocition |
Answer in one sentence
Who can attend Board Meetings?
Answer in one sentence
What should be the gap between two Board Meetings?
Correct the underlined word and rewrite the following sentence.
Minimum four Committee Meetings must be held in a year.
Correct the underlined word and rewrite the following sentence.
The Meeting of all Directors is called Annual General Meeting.
Answer in brief
State any four legal provisions regarding Board Meeting.
Explain the different types of Directors Meetings.
