Q160
The management of the company is entrusted to __________.
A.
Promoters
B.
Employees
C.
Share holders
D.
Board of Directors
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
The management of the company is entrusted to Board of Directors. A “Managing Director” means a Director who, by virtue of Articles of Association of a Company or an agreement with the company or a resolution passed in its general meeting, or by its Board of Directors, is entrusted with substantial powers of management of affairs of the company.