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Authorised Share Capital

The persons w...

Question

The persons who are in charge of the management of the affairs of a company are-
(1) Termed as directors
(2) Known as board of trustee
(3) Collectively known as board of directors.
Select correct answer from the options given below -

A

(1) only

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B

(3) only

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C

(1) or (3)

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D

(1),(2)&(3)

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Solution

The correct option is C (1) or (3)
Directors are responsible for managing business affairs of company. A company being a legal entity can only act through natural persons to run its affairs. Director is the person on whose behalf the company operates and under section 149 of the Companies Act, 2013, ) Every company shall have a Board of Directors consisting of individuals as directors.

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