Page 235 - DCOM404_CORPORATE_LEGAL_FRAMEWORK

Corporate Legal Framework

Notes 13. Discuss the powers of the Central Government for Investigation and Inspection.

14. Define Managing Director and state the statutory provisions regarding his appointment
and remuneration.
15. Distinguish between a managing director and a wholetime director.

Answers: Self Assessment

1. Nominal, authorised or registered capital 2. on application forms

3. Artifi cial person 4. shareholders

5. registered office proper books 6. compulsory
7. Section 225 8. Central Government
9. ‘managing director’ as a ‘director’ 10. “manager means
11. Section 318 12. Minutes

10.13 Further Readings

Books G. Vijayaragavan Iyengar, Introduction to Banking, Excel Books, New Delhi,
India, 2007
S.S Gulshan, Business Law, Third Edition, Excel Books, New Delhi, 2006
S.S Gulshan, Mercantile Law, Third Edition, Excel Books, New Delhi, 2006

Online links http://www.caclubindia.com/articles/ca-and-cs-final-company-law-cases-
compilation-2009--4099.asp
http://www.commonlii.org/in/legis/num_act/ca1956107/

http://www.mca.gov.in/Ministry/acts_bills.html
http://www.netlawman.co.in/acts/companies-act-1956.php

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