Question

Any Corporate Body/Association of Firm can be appointed as director of the company. This statement is _________.

• A. True
• B. False
• C. Partly True
• D. Partly False

Answer 1

Answer: (B)

False

Any Corporate Body/Association of Firm can be appointed as director of the company. This statement is false. A corporate body/Association of firm cannot take the position as a director in another company. Only individuals ca be appointed as a director of the company. Two-third of the directors of a company is appointed by the shareholder or owners of the company.