Tag: joint stock company 5 - direction and management

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Questions Related to joint stock company 5 - direction and management

Multiple choice business organisation and correspondence company secretary managers of the company secretary joint stock company 5 - direction and management

'The position of a company secretary is like that of a hub in a bicycle wheel' - this statements shows the __________.

  1. importance of company secretary

  2. rights of company secretary.

  3. duties of company secretary

  4. liabilities of company secretary
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The company Secretary is the senior position in any public or private company. He/she is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented. As hub is the centre part of the bicycle wheel and is very important, it is no denying the fact that, a company secretary performs a complex, multifaceted and essential role in any organization. The company secretary ensures that an organisation complies with relevant legislation and regulation, and keeps board members informed of their legal responsibilities. 

Multiple choice business organisation and correspondence company secretary managers of the company secretary joint stock company 5 - direction and management

Write a word or a term or a phrase for which can be suitable for the following statement:
The officer who plays an important role as an statutory officer, co-ordinator and administrative officer of a company.

  1. Secretary

  2. Director

  3. Auditor

  4. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Secretary is the officer who plays an important role as an statutory officer, co-coordinator and administrative officer of a company.

Multiple choice business organisation and correspondence company secretary managers of the company secretary joint stock company 5 - direction and management

Select the correct option given below:

The secretary has to prepare ______ before the meeting.

  1. Resolution

  2. Notice

  3. Minutes

  4. All of above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The secretary has to prepare notice before the meeting to inform all the members about the schedule, date and time of the meeting. The notice is compulsory to be prepare before the general meeting.

Multiple choice business organisation and correspondence company secretary managers of the company secretary joint stock company 5 - direction and management

Key Managerial person in relation to company means ___________.

  1. Chief Financial Officer

  2. Company Secretary

  3. Chief Chartered Accountant

  4. both a and b
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Under the Companies Act, Key Managerial Personnel (KMP) include the CEO, MD, Manager, Company Secretary, and CFO. Therefore, both CFO and Company Secretary are correct.

Multiple choice business organisation and correspondence company management directors of the company introduction, meaning and definition of director joint stock company 5 - direction and management

Direction is a _____________.

  1. Descrete process

  2. Continuous process

  3. Circular process

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Directing is a continuous process in management because it involves constant supervision, motivation, and leadership of subordinates to achieve organizational goals.

Multiple choice business organisation and correspondence company management directors of the company introduction, meaning and definition of director joint stock company 5 - direction and management

According to the provisions of new Company Act, 2013, the 'SFIO' (Serious Fraud Investigation Office) shall be headed by _______________.

  1. A manager

  2. An auditor

  3. A director

  4. Any of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Central Government shall appoint a Director in the Serious Fraud Investigation Office, who shall be an officer not below the rank of a Joint Secretary to the Government of India having knowledge and experience in dealing with matters relating to corporate affairs.The SFIO is headed by a director not below the rank of a Joint Secretary to the Government of India having knowledge and experience in dealing with the matters relating to corporate affairs.

Multiple choice business organisation and correspondence company management directors of the company introduction, meaning and definition of director joint stock company 5 - direction and management

State the following statement is True or False:

The share qualification of the directors of a joint stock company is prescribed in Articles of Association.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Generally, in a public company or a private company subsidiary of a public company, two-thirds of the total numbers of Directors are appointed by the shareholders and the remaining one-third is appointed in accordance with the manner prescribed in Articles failing which, the remaining one-third of the Directors must be appointed by the shareholders. The Articles of a public company or a private company subsidiary of a public company may provide for the retirement of all the Directors at every annual general meeting.

Multiple choice business organisation and correspondence company management directors of the company introduction, meaning and definition of director joint stock company 5 - direction and management

The Managing Directors can be appointed for the period of __________ years.

  1. one

  2. two

  3. tree

  4. five
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

As per the provisions of Companies Act 2013, no company shall appoint or re-appoint any person as its managing director, whole-time director or manager for a term exceeding five years at a time.

Multiple choice business organisation and correspondence company management directors of the company introduction, meaning and definition of director joint stock company 5 - direction and management
Representative of shareholders are ____________.

  1. directors

  2. servants

  3. employees

  4. none of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The representatives of the shareholders are directors of the firm. Shareholders are the owners of the firm who owns certain part of shares in a firm while the directors are the top most level or authority responsible for the determination of company policies.