Question

The appointment of bankers of a company is made by the _________.

• A. Board of directors
  
• B. Promoters
• C. Shareholders
• D. All of above
  

Answer 1

Answer: (A)

Board of directors

The appointment of bankers of a company is neither made by the promoters nor the shareholders of the company. Promoters are the first person who carries out the necessary investigation for the promotion of the company. Moreover, the shareholders are the owners of the company. Hence both of them have no authority to appoint the bankers. They are appointed by the board of directors.

Thus the correct answer is A.