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Under what circumstances can a person hold the positions of both Chairman and Managing Director in a company?
  • a)
    If the company has multiple businesses.
  • b)
    If the company's articles contain provisions for such appointments.
  • c)
    If the person is an independent director.
  • d)
    If the company is a subsidiary of a government company.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Under what circumstances can a person hold the positions of both Chair...
As per the provisions of the Companies Act, 2013, the same person cannot hold the positions of Chairman and Managing Director unless the company's articles specifically contain provisions allowing such appointments. This is mentioned in point (a) under "Restrictions Regarding Appointment of Key Managerial Personnel."
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Under what circumstances can a person hold the positions of both Chairman and Managing Director in a company?a)If the company has multiple businesses.b)If the company's articles contain provisions for such appointments.c)If the person is an independent director.d)If the company is a subsidiary of a government company.Correct answer is option 'B'. Can you explain this answer?
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Under what circumstances can a person hold the positions of both Chairman and Managing Director in a company?a)If the company has multiple businesses.b)If the company's articles contain provisions for such appointments.c)If the person is an independent director.d)If the company is a subsidiary of a government company.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Under what circumstances can a person hold the positions of both Chairman and Managing Director in a company?a)If the company has multiple businesses.b)If the company's articles contain provisions for such appointments.c)If the person is an independent director.d)If the company is a subsidiary of a government company.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Under what circumstances can a person hold the positions of both Chairman and Managing Director in a company?a)If the company has multiple businesses.b)If the company's articles contain provisions for such appointments.c)If the person is an independent director.d)If the company is a subsidiary of a government company.Correct answer is option 'B'. Can you explain this answer?.
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