Multiple Choice Questions on In addition to Board of Directors a company can have ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

In addition to Board of Directors a company can have ........

Companies Act-Phase (I & II) Directors - powers and appointment
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    In addition to Board of Directors, a company can have:

    Only a Managing Director

    Incorrect Answer

    Only a Manager

    Incorrect Answer

    Both  Managing Director and a Manager

    Incorrect Answer

    Either Managing Director or a Manager

    Correct Answer
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    Explanation:

    As per section 196 of Companies Act, 2013, no company shall appoint or employ at the same time a Managing director and a manager. However nothing prohibits a company to have both a CEO and a MD or a CEO and a manager.

    By: Vikas Goyal
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    lokesh doifode

    explanation contradicts with the answer given

    0 0 reply
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