Question

Select the correct option given below :

A person cannot act a Managing Director of more than________companies.

• A. two
• B. four
• C. six
• D. eight

Answer 1

The correct option is A two

A Managing Director means a director who, by virtue of an agreement with the company or by the resolution passed by the company in general meeting or Articles of Association is entrusted with substantial powers of management which would not otherwise be exercisable by him and includes a director occupying the position of a managing director. A person cannot act as a managing director of more than two companies.