Assignment

Management of a company (2) Dated:21-04-2020

Uzzaam Hyder 18U00261
Q1: (a) The CEO will be deemed to be director of the company hence will be entitled to all
rights and subjected to all liabilities as the Directors. No person who is ineligible to become the
director of a company may become a CEO.
(b) CEO is personally accountable for any violation of tax and social security laws.
CEO is liable for every offence regarding the company’s management
CEO is liable in case that the balance sheet has any omissions or false statements.

Q2: Powers of the Board of Directors:

 They have power the invest the funds of that company

 Power to declare Interim Dividends
 Power to issue shares and debenture
 Power to make loans

Q3: A quorum is the minimum amount of Directors needed to be in attendance at a meeting.

Quorum for directors is that the directors attending the meeting should not be less than 1/3 of
their number or 4 whichever is greater. So in this case the company have 24 directors and 1/3
of that will be 8. So the quorum should be 8. This means minimum * directors should be
attending the meeting of directors.