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Meaning of Debentures

The board of ...

Question

The board of directors of a joint stock company is elected by the _______________.

A

General Public

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B

Government Bodies

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C

Shareholders

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D

Employees

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Solution

The correct option is C Shareholders
The board of directors of a joint stock company are elected by the Shareholders. Every shareholder is entitled to vote without considering the number of shares held by him/her. It leads to the democratic election of directors.

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Similar questions

The board of directors of a joint stock company is elected by

(a) General public

(b) Government bodies

(c) Shareholders

(d) Employees

Q. A Joint Stock Company is managed by the board of directors.

Q. Section 2(54) of the Companies Act, 2013, defines 'managing director'. It stipulates that a "managing director" means a director who, by virtue of the_______of a company or an._______with the company or a______passed in its general meeting, or by its Board of Directors, is entrusted with substantial powers of management of the affairs of the company and includes a director occupying the position of managing director, by whatever name called.

Q. The person appointed by the Board of Directors of the company in accordance with provisions of the Companies Act is secretary of a Joint Stock Company.

Q. State whether the following statement are True or False:
A group of elected/appointed representatives of shareholders who manage a company are called the board of directors.

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