Tag: joint stock company 5 - direction and management

Questions Related to joint stock company 5 - direction and management

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

The shares which must be held by the director within two months of his appointment.

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

  1. Ordinary Share

  2. Equity Share

  3. Qualification Share

  4. None of these

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Correct Option: C
Explanation:

Qualification shares is a share of common stock that a candidature of company's board of directors is required to own within two months of his appointment. The term difference does not reflect a difference in the properties of a qualifying share to common shares held by other shareholders. Instead it refers to that a member of the board of directors must hold a vested interest in the operations of the enterprise in form of company stock.

Essential of the directing function ____________________.

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

  1. Delegation of authority to the executive of the departments

  2. Identifying and diagnosing the real problem

  3. Analysis and evaluation of avaolable alternatives

  4. Maintaining descipline and rewarding effective performance

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Correct Option: D

Section 149(3) of Companies Act; 2013 deals with __________________.

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

  1. re-appointment of director

  2. appointment of director as additional director

  3. appointment of director as alternate director

  4. appointment of Resident director

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Correct Option: D

Appointment of a person who is director, as a secretary of a company, required approval of the company by ___________.

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

  1. special resolution

  2. ordinary resolution

  3. resolution by circulation

  4. none of the above.

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Correct Option: A

Which of the following is not a power of a Secretary?

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

  1. The acts directed to him by the Board

  2. The acts required to perform in order to discharge his duties

  3. The acts required to be performed under an Act

  4. Calling up the Board Meeting

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Correct Option: D
Explanation:

Calling up the Board Meeting is not a power of a Secretary though Company Secretary is appointed as a key managerial personnel. Only directors of the company can call for a board meeting.

A special notice is requested for a resolution when ____________________.

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

  1. A director is to be removed before the expiry of his period of office

  2. A statutory report has to be adopted

  3. There is alteration of share capital

  4. A company wants to convene a meeting of creditors

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Correct Option: A
Explanation:

A special notice is requested for a resolution when a director is to be removed before the expiry of his period of office. Special notice is issued by a company when a resolution is to be moved. It is issued when the company wants to remove a director from his/her office.

A director should obtain his qualification shares within ___________________.

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

  1. One month of his appointment

  2. Two months of his appointment

  3. Three months of his appointment

  4. Six months of his appointment

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Correct Option: B
Explanation:

A director should obtain his qualification shares within two months of his appointment. When a new director is appointed in a company, he/she should be given his qualification shares within two months o his appointment in the company. Certain shares of the company is alloted to the director when he/she holds the office.