Tag: managers of the company

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Questions Related to managers of the company

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

Directors may not declare immediate dividends under which of the following condition(s)?

  1. The Company may be young and growing

  2. The company is likely to become insolvent it it pays dividends

  3. It may be in need of additional capital which cannot be raised except at a very high cost

  4. All the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Directors may withhold dividends if the company is in a growth phase, faces insolvency risks, or requires capital that would be too expensive to borrow externally.

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

All types of secretaries need to have the same qualification. 

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
(i) One basic qualification required for all types of secretaries is sound general education. 
(ii) He must be a graduate in any of the respective fields. 
(iii) The secretary needs special qualifications as per the nature of organisation where he works. 
(iv) It also depends on the nature of job, i.e. what functions, duties and responsibilities are given to him. 
(v) The qualifications are based also on the position or status enjoyed by the secretary in that organisation. 
(vi) Of course, all types of secretaries need knowledge of accountancy, correspondence, office routine, etc. 
(vii) A secretary of a Joint Stock Company must have knowledge of the Companies Act, 1956 and other laws like Income Tax Act and Factories Act.
(viii) Hence, all types of secretaries need not have the same qualifications.
Multiple choice business organisation and correspondence company secretary managers of the company secretary joint stock company 5 - direction and management

Generally, _________ is responsible for complying procedural formalities relating to corporate restructuring in a company.

  1. finance department

  2. marketing manager

  3. Company Secretary

  4. HR manager
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Company Secretary is the officer responsible for ensuring that a company complies with all relevant laws, regulations, and procedural formalities, including those related to corporate restructuring.

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

The _____ has to enter into correspondence with the Registrar of Companies.

  1. company secretary

  2. personal secretary

  3. secretary of trade union

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

The Company Secretary acts as the primary point of contact between the company and the Registrar of Companies for filing documents and statutory returns.

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

Co-ordination and Co-operation are same.

  1. True

  2. False

  3. Partly true

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

Coordination refers to the organisation of all the activities in an orderly manner, to achieve unanimity of individual efforts in the pursuit of group goals. On the flip side, cooperation is a discretionary action of individuals to work together or help one another, for a mutual benefit.