Tag: introduction, meaning and definition of director

Questions Related to introduction, meaning and definition of director

Minimum no. of Directors in case of a public company is _______.

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

  1. 1

  2. 2

  3. 3

  4. 4

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Correct Option: C
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’s appointment is made as per Articles and failing which, shareholders shall appoint the remaining one-third. A Minimum Number of Directors Required in a public Company are three directors. The Companies Act does not prescribe any qualifications for Directors of any company. 

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

  1. owners

  2. representative of shareholders

  3. creditors of the company

  4. none of these

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Correct Option: B
Explanation:

Director is an appointed elected member of the board of directors of a company who with other directors has the responsibility for determining and implementing the company's policies. Hence, directors are the representatives of shareholders.

A director retiring by rotation  _________.

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

  1. cannot be appointed again.

  2. can be re-appointed

  3. should be re-appointed

  4. nothing relevant

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Correct Option: B

Which of the following is essential of the directing function of management?

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

  1. Identifying the activities and grouping them into convenient classes

  2. Motivating the subordinates to direct their behaviour in a desired pattern.

  3. Revise the structure of the basis of assessment of personnel and other resources

  4. None of above

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Correct Option: B

Write a word or a term or phrase which can substitute the following statement:
A body of elected representatives of shareholders:
business organisation and correspondence company management directors of the company introduction, meaning and definition of director joint stock company 5 - direction and management

  1. Managing Directors

  2. Board of Directors

  3. Auditors

  4. All of above

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Correct Option: B
Explanation:

A board of directors is a group of individuals elected to represent shareholders. A boards mandate is to establish policies for corporate management and oversight, making on company's decision. Every public company must have a board of directors .

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.