Solve
Guides
0
You visited us 0 times! Enjoying our articles? Unlock Full Access!
Standard XI
Business Studies
Question

State the following statement is True or False:
The authority which directs and manages the affairs of a company is the Board of directors.

  1. True
  2. False

A
False
B
True
Open in App
Solution
Verified by Toppr

Was this answer helpful?
0
Similar Questions
Q1
State whether the following statement are True or False:
A group of elected/appointed representatives of shareholders who manage a company are called the board of directors.
View Solution
Q2
Section 2(54) of the Companies Act, 2013, defines 'managing director'. It stipulates that a "managing director" means a director who, by virtue of the_______of a company or an._______with the company or a______passed in its general meeting, or by its Board of Directors, is entrusted with substantial powers of management of the affairs of the company and includes a director occupying the position of managing director, by whatever name called.
View Solution
Q3
State the following statement is True of False.
The Managing Director is whole time Director of a company.
View Solution
Q4

The Pitt’s India of 1784 contained which of the following provisions:-

1. It distinguished between the commercial and the political function of the company.

2. All civil and military officers of the East India Company were ordered to provide the Court of Directors, a full inventory of their property in India.

3. Court of Directors were asked to manage political affairs while Board of control to manage commercial affairs.

Choose correct statements:-


View Solution
Q5
State the following statements is True or False:
The Registrar is a statutory authority under the Companies Act, 1956.
View Solution