Saved Bookmarks
| 1. |
Study the following case and express your opinion:Mr. A is a commerce graduate. He has vast experience in the field of finance and the financial market. He wishes to become a director of PQR Co. Ltd.i. Is he required to obtain DIN?ii. Can PQR Co. Ltd. object to his directorship on lack of specialized qualification?iii. If he is appointed as director of PQR Co. Ltd, is he entitled to remuneration? |
|
Answer» i. He was required to obtain DIN. It is compulsory to acquire DIN for every Director. ii. The company act has not prescribed any academic or professional qualification for directors, so he can obtain directorship. iii. The managerial position entitles him to get managerial remuneration so if Mr. A is appointed as director of PQR Co. Ltd then he is entitled to remuneration. |
|