Justify the following statement:Board of Directors can exercise their

1.	Justify the following statement:Board of Directors can exercise their powers collectively through the Board Meeting.
Answer» 1. Directors collectively are called as Board of Directors. 2. The Board of Directors has to meet frequently with reference to the day-to-day working of the company. 3. All important decisions can be taken by the Board of Directors in the Board Meeting collectively. 4. Powers which can be exercised at Board Meeting are: The power to fill casual vacancies in the Board. To recommend the rate of dividend. The power to appoint managing Director, Manager, etc. To sanction a contract. To give loans or invest in shares of other companies.

Justify the following statement:Board of Directors can exercise their powers collectively through the Board Meeting.

Answer»

1. Directors collectively are called as Board of Directors.

2. The Board of Directors has to meet frequently with reference to the day-to-day working of the company.

3. All important decisions can be taken by the Board of Directors in the Board Meeting collectively.

4. Powers which can be exercised at Board Meeting are:

The power to fill casual vacancies in the Board.
To recommend the rate of dividend.
The power to appoint managing Director, Manager, etc.
To sanction a contract.
To give loans or invest in shares of other companies.

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Justify the following statement:Board of Directors can exercise their powers collectively through the Board Meeting.

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