CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Meaning of Debentures

The board of ...

Question

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

A

General Public

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Government Bodies

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Shareholders

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Employees

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

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.

Suggest Corrections

thumbs-up

0

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.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

What is a Debenture?

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Meaning of Debentures

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon