‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ can be imposed on directors for non compliance of requirements’of companies Act

Related MCQs

• The directors may be held ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ liable on their failure to fulfill the formalities imposed upon them by the Act
• The quorum for a meeting of the board of directors shall be ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of its total strength or 2 directors whichever is higher.
• ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ Company may be companies limited by shares companies limited guarantee, unlimited companies.
• The company agrees that the remuneration of non‐ executive directors shall be decided by ‐‐‐‐‐‐‐‐‐‐
• See ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the companies Act, 1956 states that a company means “ a company formed and registered under this Act, or an existing company”
• ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is compulsory for unlimited companies, private companies limited by guarantee.
• The board of directors delegate the power to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• According to sec.225, the directors should be appointed in he ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• The managing directors hold the ‐‐‐‐‐‐‐‐‐‐‐‐‐ shares of the company.
• Directors are ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of he powers conferred on then and they must exercise those powers bonafide and for the benefit of the company.