{"id":7680,"date":"2022-06-13T07:27:16","date_gmt":"2022-06-13T01:57:16","guid":{"rendered":"https:\/\/ncert-solutions.guru\/?p=7680"},"modified":"2022-06-14T12:48:53","modified_gmt":"2022-06-14T07:18:53","slug":"company-administration-very-short-answer-type-questions","status":"publish","type":"post","link":"https:\/\/ncert-solutions.guru\/company-administration-very-short-answer-type-questions\/","title":{"rendered":"Company Administration Very Short Answer Type Questions"},"content":{"rendered":"
Question 1.
\nGive the meaning of routine secretary.
\nAnswer:
\nWhen a secretary acts as an agent and registrar of the company he is called a routine Secretary.<\/p>\n
Question 2.
\nWho is a director of a company?
\nAnswer:
\nAny person occupy the position of a director to perform the functions of a company is called as director of a company.<\/p>\n
Question 3.
\nWho is pro-term Secretary?
\nAnswer:
\nPro-term secretary is the Provisional secretary appointed during pre-incorporation stage of the company.<\/p>\n
Question 4.
\nWho is a Managing Director of a company?
\nAnswer:
\nManaging director is director of a Company acts as a chief executive officer and attend the day to day administration of the company.<\/p>\n
Question 5.
\nWho is a Company Secretary?
\nAnswer:
\nAny individual possessing the prescribed qualifications appointed to perform the duties which may be performed by a secretary under the companies act and any other ministerial or k administrative duties.<\/p>\n
Question 6.
\nWho is an executive Secretary?
\nAnswer:
\nDirectors of the company may delegate power of management to secretary to executive it in the company. Such secretaries are called as executive secretary.<\/p>\n
Question 7.
\nWhat is the duty of company secretary under Indian stamp act?
\nAnswer:
\nSecretary is responsible for verifying the documents and their correctness needing stamps.<\/p>\n
Question 8.
\nWhat is the legal position of the company secretary?
\nAnswer:
\nAs per the company act secretary is recognised as the Principal officer of the company. He is responsible for administrative work of the company.<\/p>\n
Question 9.
\nGive the meaning of whole time director.
\nAnswer:
\nWhole director is a director who is in the whole time employment of the company.<\/p>\n
Question 10.
\nWho is executive director?
\nAnswer:
\nExecutive director is either managing director or whole time director of the company<\/p>\n
Question 11.
\nWho is called as shadow Director?
\nAnswer:
\nShadow director is a person not appointed to the board but on his direction the board is accustomed to act and is liable as a director of the company shadow director is also called as officer in default.<\/p>\n
Question 12.
\nWho is defacto director?
\nAnswer:
\nDefacto director is a person who is not actually appointed as a director but acts as a director and is held out by the company defacto director is liable as a director under the companies act.<\/p>\n
Question 13.
\nWho are having right to remove the director of the company?
\nAnswer:
\nShare holders, central government and court order.<\/p>\n
Question 14.
\nWhat is the legal position of the director on a company?
\nAnswer:
\nDirector can act as agent, trustee, or managing partner on behalf of the company.<\/p>\n
Question 15.
\nGive the meaning of board of directors?
\nAnswer:
\nBoard of directors means the directors of a company collectively constitute the board of directors of the company.<\/p>\n
Question 16.
\nWho is manager of a company?
\nAnswer:
\nManager means an individual who subject to the super intendance control and direction of the board of directors has the management of the whole of the affairs of the company.<\/p>\n
Question 17.
\nGive the meaning of doctrine of indoor management.
\nAnswer:
\nDoctrine of indoor management means doctrine declaring the outsiders that the outsiders dealing with company are bound to read the registered document and see that the proposed dealings and apparently regular and consistent with the memorandum of association and articles of association.<\/p>\n
Question 18.
\nWrite any two difference between whole time director and managing director of a company.
\nAnswer:
\nThe following are the difference between whole time director and managing director of a company.
\n(a) Whole time director is an employee of the company but managing director is management leader and enjoys powers of the company.<\/p>\n
(b) Appointment of whole time director required the sanction of share holders by means of special resolution but appointment of managing director does not require the sanction of the shareholders.<\/p>\n
Question 19.
\nWho is the auditor of the company?
\nAnswer:
\nAuditor is an agent of the shareholders he is qualified chartered accountant appointed for the purpose of examining the books of accounts of joint stock company.<\/p>\n
Question 20.
\nGive the meaning of CSR.
\nAnswer:
\nCSR means corporate social responsibility according to Company Act 2013 CSR means Indian companies requiring to formulate a corporate social responsibility by incurring minimum expenditure on social activities.<\/p>\n
Question 21.
\nWhat are the disqualification of auditor?
\nAnswer:<\/p>\n
Are disqualifies from being appointed as a auditor of a company.<\/p>\n
Question 22.
\nWho is solicitor of a company?
\nAnswer:
\nSolicitor is a legal\u2018expert acts as a legal adviser of the company, he is a servant of the company he is appointed by the director or any other officer of the company.<\/p>\n
Question 23.
\nWhat is CSR committee.
\nAnswer:
\nUnder section 135 of companies act 2013 CSR means corporate social responsibility committee which means every company having net worth of rupees 500 crore or more or turnover of 1000 crore or more or more or a net profit of 5 crore or more during any financial year shall constitute CSR committee.<\/p>\n
Question 24.
\nWhat are the functions of CSR committee.
\nAnswer:
\nCSR committee shall:<\/p>\n
Question 25.
\nWho is an independent director?
\nAnswer:
\nAccording to Section 149(6) an independent director is an alternate director other than a Managing Director which is known as Whole Time Director Or Nominee Director. According to Rule 4 of Companies (Appointment and Qualification of Directors) Rules, 2013 these are the following type of companies which have to appoint minimum 2 independent directors:<\/p>\n
Question 26.
\nWho is a residential director?
\nAnswer:
\nAccording to Section 149(3) of Companies Act,2013, Every company should appoint a director who has stayed in India for a total Period of not less than 182 days in the previous calendar yea<\/p>\n
Question 27.
\nWho is a shadow director?
\nAnswer:
\nA person who is not the member of Board but has some power to run it can be appointed as the director but according to his\/her wish.<\/p>\n
Question 28.
\nWho is a women director?
\nAnswer:
\nAs per Section 149 (1) (a), there are certain categories according to which there should be at least one woman as a director on the Board. Such companies are any listed company or any public company having. There are types of directors in women director also.<\/p>\n
Question 29.
\nState the minimum directors required in a company.
\nAnswer:<\/p>\n
Question 30.
\nState any two responsibilities of board of directors.
\nAnswer:
\nDetermining the company\u2019s strategic objectives and policies.
\nMonitoring progress towards achieving the objectives and policies.
\nAppointing senior management.
\nAccounting for the company\u2019s activities to relevant parties, e.g. shareholders<\/p>\n","protected":false},"excerpt":{"rendered":"
Company Administration Very Short Answer Type Questions Question 1. Give the meaning of routine secretary. Answer: When a secretary acts as an agent and registrar of the company he is called a routine Secretary. Question 2. Who is a director of a company? Answer: Any person occupy the position of a director to perform the …<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[847],"tags":[872,873,874,875,877,876],"_links":{"self":[{"href":"https:\/\/ncert-solutions.guru\/wp-json\/wp\/v2\/posts\/7680"}],"collection":[{"href":"https:\/\/ncert-solutions.guru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncert-solutions.guru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncert-solutions.guru\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncert-solutions.guru\/wp-json\/wp\/v2\/comments?post=7680"}],"version-history":[{"count":1,"href":"https:\/\/ncert-solutions.guru\/wp-json\/wp\/v2\/posts\/7680\/revisions"}],"predecessor-version":[{"id":7681,"href":"https:\/\/ncert-solutions.guru\/wp-json\/wp\/v2\/posts\/7680\/revisions\/7681"}],"wp:attachment":[{"href":"https:\/\/ncert-solutions.guru\/wp-json\/wp\/v2\/media?parent=7680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncert-solutions.guru\/wp-json\/wp\/v2\/categories?post=7680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncert-solutions.guru\/wp-json\/wp\/v2\/tags?post=7680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}