Can a Chairman of the Board be removed from the chair by
the Managing Director And other Directors of the Company
during the Course of the Board Meeting.
Answer Posted / rk
The Chairman of the Board is appointed by the Membes of the
Board and is for presiding over the meeting. Usually the
AoA contains relevant provision for appointment of Chairman
of the Board and he is authorized to chair the General
meetings.
Since the Directors (collectively) are the authority to
appoint the Chairman, they naturally have a right to remove
him, subject to majority approval unless there is a
contrary stipulaiton in the AoA
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
Treatment of Government grant and its utilization in P
what is meant by search report of the company n why is it prepared?
Does provisions need to be subtracted from reserves if net worth is calculated on the basis of share capital based method
Information regarding shop & establishment registration of propiertor ship & require document for this
I am Simrat Kaur. I am persuing graduation from P.U. I have an experience of 14 months as a CSA. But i hav an experience letter of 6 months.But I can show my joinin letter of the other job. I hav knowledge of basics of computer & internet. Actually, m findin job in chandigarh. I am findin the right opportunity. so, Can u plz help me in findin the right job?? Can u plz tel me abt where interviews r goin on?
1) What is the steps of delisting the listed company 2) How to spliting the listed company shares 3) Which way the company should function when it has paidup capital is equal or more than 5,00,00,000/- (I mean which way the company should do it work in the company Act 1956. Is the company have to appoint a CS and and managing director of a any other things which is compulsory for these kind of company which paid up capital is 5,00,000/-
analyses of Cost control
what is the abrevation for JJ in form jj
what is correct accounting treatment for preliminary exps and pre-operative Expsas per AS 26? or any other applicable AS?
i have cleared c.s inter. for the purpose of training i want to know the companies who are providing training of c.s in punjab state.please help me in this.
How often is the stock market ticker updated? 15sec? 30sec?
STATE & EXPLAIN THE IMPACT OF GLOBAL FINANCIAL CRIS ON CEMENT SECTOR IN INDIA:
Occasionally it is said that issuing convertible bonds is better than issuing stock when the firms shares are undervalued. Suppose that the financial manager of Decent Furniture Company does in fact have inside information indicating that the decent stock price is too low. Decent furniture earnings will in fact be higher than investor’s expectations. Suppose further that the inside information cannot be released without giving away a valuable competitive secret. Clearly, selling shares at the present low price would harm Decent’s existing shareholders. Will they also lose if convertible bonds are issued? If they do lose in this case, is the loss more or less than it would be if common stock is issued? Now suppose that investors forecast earnings accurately, but still under value the stock because they overestimate Decent’s actual business risk. Does this change your answer to the questions posed in the preceding paragraph? Explain.
How does a bank or financial institution calculate COGS? What are the 'direct' costs of a loan or deposit revenue operation?
Is it possible to list only a portion of Equity Shares leaving the balance as unlisted?