Officials in a Company

Question 1

1. What is the definition of “Officer” as per Section 2(45) of the Companies Act, 2017?

Answer 1

Answer: “Officer” includes any director, chief executive, chief financial officer, company secretary, or other authorized officer of a company.

Question 2

2. What does the term “Board” refer to in relation to a company, according to Section 2(8)?

Answer 2

Answer: “Board” refers to the board of directors of the company.

Question 3

3. What is the purpose of board meetings?

Answer 3

Answer: Board meetings are where directors gather to make decisions on behalf of the company.