Chapter 4 CEO

Question 1

CEO

Answer 1

1. Appointed by directors
2. To manage co.
3. According to control & direction of directors

Question 2

Terms & Conditions of CEO

Answer 2

. by director or co. in GM as per AOA
. deemed director
.not engaged in competing business directly or indirectly ( Public)

Question 3

eligibilty pf COE

Answer 3

any person
need not to be shareholder , director or employee

Question 4

in eligililiby of CEO

Answer 4

SAME OF DIRECTOR

Question 5

First CEO

Answer 5

. by subscriber
upto 1st AGM ( or shorter period )

Question 6

subsequent CEO

Answer 6

.by director ( within 14 days of election )
.for 3 yr ( or shorter period )

Question 7

Casual vacancy of CEO

Answer 7

.filled by director ( within 14days of occurrence )
. till next elected director appoint new CEO

Question 8

rights or retiring CEO

Answer 8

1.Eligible for re-appointment
2. Continues till successor is appointed unless:
.terminated
. cause of non appointment of new CEO

Question 9

removal of casual vacancy of cEO

Answer 9

by director ( 3/4rth ) Majority
By members ( special resolution)

Question 10

Power of federal govt

Answer 10

1. to appoint - majority directors
2. to remove - 75% voting power
3. To determine Terms & Conditions