Question

Section 2(53) of the Companies Act, 2013 defines "manager" as an individual who, subject to the superintendence,_______and direction of the board of directors, has the management of the whole, or______the whole, of the affairs of a company, and includes a director or any other person occupying the position of a_____, by whatever name called, whether under a contract of service or not.

• A. motivation; substantially; manager
• B. control; mostly; manager
• C. motivation; substantially; director
• D. control; substantially; manager

Answer 1

The correct option is D control; substantially; manager

As per section 2(53) of the Companies Act, 2013, "manager" means an individual who, subject to the superintendence, control and direction of the Board of Directors, has the management of the whole, or substantially the whole, of the affairs of a company, and includes a director or any other person occupying the position of a manager, by whatever name called, whether under a contract of service or not.