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Business Studies

Types of Plans

Affairs of co...

Question

Affairs of company are managed by _____________.

A

Board of trustee

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B

Board of committee

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C

Board of directors

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D

Shareholders

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Solution

The correct option is B Board of directors
A company being a natural authority can act only through natural persons. The Director is a person who acts on behalf of the company. Therefore it can be said that affairs of a company are managed by director

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Similar questions

Q. The persons who are in charge of the management of the affairs of a company are-
(1) Termed as directors
(2) Known as board of trustee
(3) Collectively known as board of directors.
Select correct answer from the options given below -

The directors are agents, trustees and managing partners of a company.

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. A Joint Stock Company is managed by the board of directors.

Q. The persons who are in charge of the management of affairs of a company are termed as directors. They are collectively known as ________.

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