A public limited company has a paid-up capital of 2.2 billion rupees and a turnover of 11 billion rupees according to its last audited financial statements. The shareholding pattern of the company is highly scattered and there are around 3576 shareholders who hold only one share each of the company. The articles of association of the company prescribe that the Board of Directors of the company would consist of 14 directors. The company has taken a loan of 3 billion rupees from the SBI and as per the loan agreement, the Bank would represent the management of the company. Constitute a suitable composition of the board of directors of the company which includes all the required types of directors. Also, write how many other types of officers (other than directors) are required to be appointed by the company

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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A public limited company has a paid-up capital of 2.2 billion rupees and a turnover of 11 billion rupees according to its last audited financial statements. The shareholding pattern of the company is highly scattered and there are around 3576 shareholders who hold only one share each of the company. The articles of association of the company prescribe that the Board of Directors of the company would consist of 14 directors. The company has taken a loan of 3 billion rupees from the SBI and as per the loan agreement, the Bank would represent the management of the company. Constitute a suitable composition of the board of directors of the company which includes all the required types of directors. Also, write how many other types of officers (other than directors) are required to be appointed by the company 

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