Director example sentences

When minimum subscription has been received and certain legal formalities on the allotment of shares have been duly complied with, the directors of the company proceed to make the allotment of shares.An organisation consisting of individuals called 'shareholders' by virtue of their holding the shares of a company, who can act as one legal person as regards its business through an elected board of directors.For obtaining the IEC number, a firm has to apply to the Director General for Foreign Trade (DGFT) with documents such as exporter/importer profile, bank receipt for requisite fee, certificate from the banker on the prescribed form, two copies of photographs attested by the banker, details of the non-resident interest and declaration about the applicant's non association with caution listed firms.The exporter then proceeds with the formalities related to obtaining an export licence from the Director General of Foreign Trade and getting a registration-cum-membership certificate from the export promotion council looking after the export of the concerned product.He was appointed as the Director of the Bureau of Weights and Measures.Also as the dividend is payable only at the discretion of the directors and only out of profit after tax, to that extent, these resemble equity shares.In our daily life, we come across many situations like a hotel owner directing his employees to complete certain activities for organising a function, a teacher directing his student to complete an assignment, a film director directing the artists about how they should act in the film etc.The Articles of Association of a company usually empower the directors to change interest at a stipulated rate on calls in arrears.What does this imply? Rajat Lal is the director of a firm that develops software solutions for the travel industry on a global level.There is a managing director assisted by a general manager and several department managers; A departmental store combines both the functions of retailing as well as warehousing.In India, it is obligatory for every importer (and also for exporter) to get registered with the Directorate General Foreign Trade (DGFT) or Regional Import Export Licensing Authority, and obtain an Import Export Code (IEC) number.Therefore, they elect a Board of Directors as their representative to manage the affairs of the company.In such a condition, three alternatives are available to the directors to deal with the situation: (1) they can accept some applications in full and totally reject the others; (2) they can make a pro-rata allotment to all; and (3) they can adopt a combination of the above two alternatives which happens to be the most common course adopted in practice.The importer can gather such information from the trade directories and/or trade associations and organisations.In 1825, he succeeded Davy as Director of the Royal Institution laboratories, and in 1833 he also became the first Fullerian Professor of Chemistry.