CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Purpose of Financial Statements

According to ...

Question

According to Section 2(34) of Companies Act, 2013, "director" means a director appointed to the Board of a company.

A

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Partly true

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Partly false

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B True
The term director has been defined under Section 2(34) of the Companies Act, 2013 as a director appointed to the Board of a company.

Suggest Corrections

thumbs-up

0

Similar questions

Q. According to the Companies Act, 2013 which of the following can appoint the 'Directors of Companies'?

Q. Section 2(47) of the Companies Act, 2013 prescribed that "Independent director" means an independent director referred to in sub-section (5) of ________ of the Act.

Q. 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.

Q. The person appointed by the Board of Directors of the company in accordance with provisions of the Companies Act is secretary of a Joint Stock Company.

Q. As per Section 139(6) of the Companies Act, 2013 provides that the first auditor or auditors are to be appointed by the Board of directors within ____________ of the date of the registration of the company.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Introduction

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Purpose of Financial Statements

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon