Question
Which of the following is incorrect about role of
Independent Directors? A. They are expected to be independent from the management and act as the trustees of shareholders B. They need to exercise adequate oversight on the management of the risk of fraud and non-compliance with existing regulations C. They need to ensure that payments are made to all the creditors and employees of the company in a timely manner D. They need to ensure that the company pays dividend every year to all its shareholders including majority and minority shareholders, in a timely mannerSolution
Independent Directors (IDs) are the Directors in the Board of a company who are independent and free from any material business, day to-day operations or financial connection with the company. As per the new corporate governance norms to be implemented by companies, the Board of a company should have at least 50% as independent directors. A need has been felt to update the Act and make it globally compliant and more meaningful in the context of investor protection and customer interest. IDs are concerned with the overall oversight so that the company operates within the regulations, both in letter and spirit, in a transparent and fair manner. Payment to creditors and dividend payout are operational matters. Moreover, dividend payout every year is not compulsory.
During the period when moratorium is declared by the Adjudicating Authority which of the following is prohibited?
First Information Report is not a substantive evidence, it can be used during trial for the following
Which section of the Insurance Act deals with the provisions relating to the restrictions on the opening of a new place of business?
If Judgment Debtor obstructs delivery of possession of property______?
The Supreme Court may grant special leave to appeal from any judgment, decree, determination, sentence or order in any cause or matter passed or made by:
A, for the purpose of inducing B to resist from prosecuting a civil suit, threatens to burn B's house. A is guilty of
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In tort law, what is the term for a wrongful act that leads to confinement or restraint of another person against their will?
Section 111 of the Bharatiya Nyaya Sanhita, 2023 introduces the offence of ___________________
A listed company or an aggrieved investor may file an appeal before the Securities Appellate Tribunal against the decision of the recognised stock excha...
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