Question

State whether the following statement is True or False.
The appointment of bankers to the company is made by the shareholders.

• A. True
• B. False

Answer 1

The correct option is B False

The appointment of bankers to the company is made by the shareholders- this is false statement. Shareholders are termed as owners of the company but they do not have the authority to choose the bankers of the company. The appointment of bankers to the company is generally made by the directors of the company.