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Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board chapter 6 - Directors and Key Managerial personnel of a company [Latest edition]

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Chapters

    1: Secretary

    2: Joint Stock Company

    3: Formation of a company

    4: Documents related to formation of a company

    5: Members of a company

▶ 6: Directors and Key Managerial personnel of a company

    7: Company Meetings - 1

    8: Company Meetings - 2

    9: Business Communication Skills of Secretary

    10: Correspondence with Directors

    11: Correspondence with Banks

    12: Correspondence with Statutory Authorities

Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board chapter 6 - Directors and Key Managerial personnel of a company - Shaalaa.com

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Solutions for Chapter 6: Directors and Key Managerial personnel of a company

Below listed, you can find solutions for Chapter 6 of Maharashtra State Board Balbharati for Secretarial Practice [English] 11 Standard Maharashtra State Board.

EXERCISES

EXERCISES [Pages 97 - 101]

Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board 6 Directors and Key Managerial personnel of a company EXERCISES [Pages 97 - 101]

EXERCISES | Q 1. A. 1) | Page 97

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

________Comprises of a team of Director.

Board of Directors
Board of Trustees
Board of Managers

EXERCISES | Q 1. A. 2) | Page 97

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

________ can be a director.

An Individual
A Firm
A Body corporate

EXERCISES | Q 1. A. 3) | Page 97

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

Up to _______ as maximum directors are allowed to a company.

five
fifteen
fifty

EXERCISES | Q 1. A. 4) | Page 97

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

A maximum of ________ Directorships is allowed to a person.

two
ten
twenty

EXERCISES | Q 1. A. 5) | Page 97

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

A maximum of __________ Directorships of a public company is allowed to a person.

one
ten
twenty

EXERCISES | Q 1. A. 6) | Page 97

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

_______ Is a unique identification number required to be a Director?

PIN
DIN
TIN

EXERCISES | Q 1. A. 7) | Page 97

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

_______ Powers are the powers given to the Board under the Act.

Statutory
Managerial
Administrative

EXERCISES | Q 1. A. 8) | Page 97

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

Director represents company in his role as ________

Agent
Managing Partner
employee

EXERCISES | Q 1. A. 9) | Page 97

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

Managing Director is appointed for a period of ______ Years.

5
10
15

EXERCISES | Q 1. A. 10) | Page 97

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.

Government
ROC
Managing Director

EXERCISES | Q 1. A. 11) | Page 97

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

_________ Is an employee of the company?

Alternate director
Non-executive Director
Whole-time director

EXERCISES | Q 1. A. 12) | Page 97

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

_________ need not be a director of the company.

Manager
Managing Director
Whole-time director

EXERCISES | Q 1. A. 13) | Page 97

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

_________ needs a whole time director.

Listed company
Partnership
OPC

EXERCISES | Q 1. A. 14) | Page 97

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

To provide guidance to Board is _____ duty of company Secretary

Personal
General
Statutory

EXERCISES | Q 1. A. 15) | Page 97

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

Only a member of ________ Can be a practicing Company Secretary

ICAI
ACCA
ICSI

EXERCISES | Q 1. A. 16) | Page 97

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

________ is to be prepared in prescribed form MR -3.

Annual Report
Auditors Report
Secretarial Audit Report

EXERCISES | Q 1. B. 1. | Page 98

Match the pairs:

Group ‘A’	Group ‘B’
a) Board of Directors	1) Nominated by the Board
b) Managing Director	2) Assists and advises the Board
c) Company Secretary	3) Automatic Appointment
d) First Directors	4) Appointed by ROC
e) Alternate Director	5) Extensive Powers of management
	6) Substantial Powers of management
	7) Appointed by Promoter
	8) Assists and Advises the Government
	9) Negligible Powers of management
	10) Nominated by Council

EXERCISES | Q 1. B. 2. | Page 98

Match the pairs:

Group ‘A’	Group ‘B’
a) Public company	1) Arises due to death of Director
b) Private company	2) Collective Powers
c) Secretarial Auditor	3) Individual Powers to Directors
d) Casual Vacancy of a Director	4) Arises due to additional work
e) Powers of the Board	5) Appointed by Managing Director
	6) At least 2 (two) Directors
	7) At least 3 (three) Directors
	8) At least 15 (fifteen) Directors
	9) At least 1 (one) Director
	10) Appointed by the Board

EXERCISES | Q 1. C. 1) | Page 98

Write a word or a term or a phrase which can substitute the following statement:

The organization with a distinct features of separate ownership and management.

EXERCISES | Q 1. C. 2) | Page 98

Write a word or a term or a phrase which can substitute the following statement:

The officer responsible for company’s finances

EXERCISES | Q 1. C. 3) | Page 98

Write a word or a term or a phrase which can substitute the following statement:

The body of elected representatives of company.

EXERCISES | Q 1. C. 4) | Page 98

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.

EXERCISES | Q 1. C. 5) | Page 98

Write a word or a term or a phrase which can substitute the following statement:

Qualification required being a Company Secretary.

EXERCISES | Q 1. C. 6) | Page 98

Write a word or a term or a phrase which can substitute the following statement:

Agents, Trustees and Managing Partners of the company.

EXERCISES | Q 1. C. 7) | Page 98

Write a word or a term or a phrase which can substitute the following statement:

Audit which checks compliances of different legislations.

EXERCISES | Q 1. C. 8) | Page 98

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.

EXERCISES | Q 1. C. 9) | Page 99

Write a word or a term or a phrase which can substitute the following statement:

The nature of the relationship of Director with the company.

EXERCISES | Q 1. C. 10) | Page 99

Write a word or a term or a phrase which can substitute the following statement:

Name the secretarial standard-l

EXERCISES | Q 1. C. 11) | Page 99

Write a word or a term or a phrase which can substitute the following statement:

Name the secretarial standard-2

EXERCISES | Q 1. C. 12) | Page 99

Write a word or a term or a phrase which can substitute the following statement:

Name the secretarial standard-3

EXERCISES | Q 1. D. 1) | Page 99

State whether the following statement is True or False.

A large number of shareholders necessitates the company to have a separate managerial body.

True
False

EXERCISES | Q 1. D. 2) | Page 99

State whether the following statement is True or False.

The maximum number of Directors allowed to a company is 15 (fifteen).

True
False

EXERCISES | Q 1. D. 3) | Page 99

State whether the following statement is True or False.

A public company should have a minimum of 10 (ten) directors

True
False

EXERCISES | Q 1. D. 4) | Page 99

State whether the following statement is True or False.

DIN is required for Secretaryship.

True
False

EXERCISES | Q 1. D. 5) | Page 99

State whether the following statement is True or False.

Executive Director is called as outside Director.

True
False

EXERCISES | Q 1. D. 6) | Page 99

State whether the following statement is True or False.

Promoter of a company cannot be the Independent Director.

True
False

EXERCISES | Q 1. D. 7) | Page 99

State whether the following statement is True or False.

Only individuals can be directors.

True
False

EXERCISES | Q 1. D. 8) | Page 99

State whether the following statement is True or False.

The casual vacancy of the Board is filled by the members.

True
False

EXERCISES | Q 1. D. 9) | Page 99

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.

True
False

EXERCISES | Q 1. D. 10) | Page 99

State whether the following statement is True or False.

A Director is an employee of the company.

True
False

EXERCISES | Q 1. D. 11) | Page 99

State whether the following statement is True or False.

Managing Director is appointed by a resolution.

True
False

EXERCISES | Q 1. D. 12) | Page 99

State whether the following statement is True or False.

Minimum and Maximum age to be a Managing Director is 21 and 70; respectively.

True
False

EXERCISES | Q 1. D. 13) | Page 99

State whether the following statement is True or False.

A company may appoint more than one M. D.

True
False

EXERCISES | Q 1. D. 14) | Page 99

State whether the following statement is True or False.

Indian companies prefer a Managing Director over a Manager.

True
False

EXERCISES | Q 1. E) 1) | Page 99

Find the odd one.

Woman Director
Promoter
Executive Director

EXERCISES | Q 1. E) 2) | Page 99

Find the odd one.

Absent at Board Meeting
failure to disclose interest
DIN

EXERCISES | Q 1. F) 1) | Page 99

Complete the sentence.

Separate ownership and management is a unique feature of_______

EXERCISES | Q 1. F) 2) | Page 99

Complete the sentence.

Minimum number of Directors for a private company should be_______

EXERCISES | Q 1. F) 3) | Page 99

Complete the sentence.

Minimum number of Directors for a public company should be _______

EXERCISES | Q 1. F) 4) | Page 99

Complete the sentence.

Minimum number of Directors for an OPC should be _______

EXERCISES | Q 1. F) 5) | Page 99

Complete the sentence.

First Directors of a company are appointed by _______

EXERCISES | Q 1. F) 6) | Page 99

Complete the sentence.

At least one Woman Director is required by ______ company.

EXERCISES | Q 1. F) 7) | Page 99

Complete the sentence.

Casual vacancy on Board is filled by _______.

EXERCISES | Q 1. F) 8) | Page 99

Complete the sentence.

Director is the guardian of interest of the company as _______.

EXERCISES | Q 1. F) 9) | Page 99

Complete the sentence.

First Secretary is appointed by _______.

EXERCISES | Q 1. F) 10) | Page 99

Complete the sentence.

The audit which checks the compliance of Companies Act is called as _______.

EXERCISES | Q 1. G) 1) | Page 100

Select the correct option from the bracket:

Group A	Group B
Rotational Director	__________

Every Listed Company
Appointed by Promoters
Appointed in place of a Director who is absent
Retire by rotation

EXERCISES | Q 1. G) 2) | Page 100

Select the correct option from the bracket:

Group A	Group B
____________	Alternate Director

Every Listed Company
Appointed by Promoters
Appointed in place of a Director who is absent
Retire by rotation

EXERCISES | Q 1. G) 3) | Page 100

Select the correct option from the bracket:

Group A	Group B
Women Director	_____________

Every Listed Company
Appointed by Promoters
Appointed in place of a Director who is absent
Retire by rotation

EXERCISES | Q 1. G) 4) | Page 100

Select the correct option from the bracket:

Group A	Group B
______	First Director

Every Listed Company
Appointed by Promoters
Appointed in place of a Director who is absent
Retire by rotation

EXERCISES | Q 1. H) 1) | Page 100

Answer in one sentence.
Who is the officer responsible for the Company’s financial plan?

EXERCISES | Q 1. H) 2) | Page 100

Answer in one sentence.
What is the importance of Secretarial Standards?

EXERCISES | Q 1. H) 3) | Page 100

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

EXERCISES | Q 1. H) 4) | Page 100

Answer in one sentence.
What is the tenure of the ‘Managing Director"?

EXERCISES | Q 1. I) 1) | Page 100

Correct the underlined word and rewrite the following sentence:

Public company must have minimum 15 Directors.

EXERCISES | Q 1. I) 2) | Page 100

Correct the underlined word and rewrite the following sentence:

First Directors are appointed by ROC.

EXERCISES | Q 1. I) 3) | Page 100

Correct the underlined word and rewrite the following sentence:

Secretarial Standards are given by the Companies Act, 2013.

EXERCISES | Q 2. 1) | Page 100

Explain the following Term/Concept:

Director.

EXERCISES | Q 2. 2) | Page 100

Explain the following Term/Concept:

Managing Director.

EXERCISES | Q 2. 3) | Page 100

Explain the following Term/Concept:

Independent Director.

EXERCISES | Q 2. 4) | Page 100

Explain the following Term/Concept:

Executive Director.

EXERCISES | Q 2. 5) | Page 100

Explain the following Term/Concept:

Non-Executive Director.

EXERCISES | Q 2. 6) | Page 100

Explain the following Term/Concept:

Alternate Director.

EXERCISES | Q 2. 7) | Page 100

Explain the following Term/Concept:

Casual vacancy of a Director.

EXERCISES | Q 2. 8) | Page 100

Explain the following Term/Concept:

Chief Financial Officer

EXERCISES | Q 2. 9) | Page 100

Explain the following Term/Concept:

Company Secretary

EXERCISES | Q 2. 10) | Page 100

Explain the following Term/Concept:

Secretarial Standard

EXERCISES | Q 2. 11) | Page 100

Explain the following Term/Concept:

Secretarial Audit

EXERCISES | Q 2. 12) | Page 100

Explain the following Term/Concept:

The Board of Directors

EXERCISES | Q 3. 1) | Page 100

Study the following case/situation and express your opinion.

Mr. A is a commerce graduate. He has vast experience in the field of finance and the financial market. He wishes to become director of PQR co Ltd :

(a) Is he required to obtain DIN?

(b) Can PQR Co. Ltd. object to his directorship on lack of specialized qualification

(c) If he is appointed as director of PQR Co Ltd, is he entitled to remuneration?

EXERCISES | Q 3. 2) | Page 100

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?

EXERCISES | Q 3. 3) | Page 101

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?

EXERCISES | Q 4. 1) | Page 101

Distinguish between the following:

Director and Managing Director

EXERCISES | Q 4. 2) | Page 101

Distinguish between the following:

Managing director and Manager

EXERCISES | Q 4. 3) | Page 101

Distinguish between the following:

Managing Director and Whole Time Director

EXERCISES | Q 5. 1) | Page 101

Answer in brief:

What is DIN?

EXERCISES | Q 5. 2) | Page 101

Answer in brief:

State any four powers of the Board of Directors.

EXERCISES | Q 5. 3) | Page 101

Answer in brief:

Mention any four ways in which the office of a Direction becomes vacant.

EXERCISES | Q 5. 4) | Page 101

Answer in brief:

State any four powers of Managing Directors.

EXERCISES | Q 5. 5) | Page 101

Answer in brief:

State the Statutory Duties of a Company Secretary.

EXERCISES | Q 6. 1) | Page 101

Justify the following statement:

Directors are Managing Partners.

EXERCISES | Q 6. 2) | Page 101

Justify the following statement:

A Director is an agent of the Company.

EXERCISES | Q 6. 3) | Page 101

Justify the following statement:

The company has a distinct feature of separate ownership and management.

EXERCISES | Q 6. 4) | Page 101

Justify the following statement:

DIN helps investors of the company.

EXERCISES | Q 6. 5) | Page 101

Justify the following statement:

Directors have to work as a team.

EXERCISES | Q 6. 6) | Page 101

Justify the following statement:

Directors play a triple role.

EXERCISES | Q 6. 7) | Page 101

Justify the following statement:

Company Secretary plays a triple role.

EXERCISES | Q 6. 8) | Page 101

Justify the following statement:

A Director cannot be called an employee of the company.

EXERCISES | Q 6. 9) | Page 101

Justify the following statement:

Managing Director has substantial powers of management.

EXERCISES | Q 6. 10) | Page 101

Justify the following statement:

Indian companies prefer to appoint a M. D. than Manager.

EXERCISES | Q 6. 11) | Page 101

Justify the following statement:

Pro-tem Secretary is helpful to the company.

EXERCISES | Q 6. 12) | Page 101

Justify the following statement:

Secretarial Standards should be in conformity with the Act.

EXERCISES | Q 7. 1) | Page 101

Answer the following question:

Explain the role of the director?

EXERCISES | Q 7. 2) | Page 101

Answer the following question:

Explain the duties of the Director.

EXERCISES | Q 7. 3) | Page 101

Answer the following question:

Explain the Managing Directors.

EXERCISES | Q 7. 4) | Page 101

Answer the following question:

Explain the Company Secretary.

EXERCISES | Q 7. 5) | Page 101

Answer the following question:

Explain the role of the Company Secretary.

Solutions for 6: Directors and Key Managerial personnel of a company

EXERCISES

Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board chapter 6 - Directors and Key Managerial personnel of a company - Shaalaa.com

Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board chapter 6 - Directors and Key Managerial personnel of a company

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Concepts covered in Secretarial Practice [English] 11 Standard Maharashtra State Board chapter 6 Directors and Key Managerial personnel of a company are Directors, Key Managerial Personnel (KMP), Distinction Between Director and Managing Director.

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