The Director of a company can inspect and examine the Books of Subsidiary company if authorized by ........

Companies Act-Phase (I & II) Audit and auditors

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The Director of a company can inspect and examine the Books of Subsidiary company if authorized by:

Board of Directors of the company

Shareholders of the company

Registrar of companies

None of the above

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Explanation:

As per Section 128(3), any director can inspect the books of account and other relevant books and papers at business hours. Section 2(12) defines the term “Books and Papers” as expression which consists of vouchers, accounts, writings, deeds, and documents. However, the proviso to sub-section 3 states that director holds the right to examine the books of accounts of the subsidiary only when the Board of Directors provides the authorization.