Tag: introduction, meaning and definition of director

Questions Related to introduction, meaning and definition of director

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

Show answer
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

Show answer
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.