Question

113. The legal position of a Director is that of:
a) Managing partner
b) Agent
c) Trustee
d) All of them​

Answer 1

Directors of a company have fiduciary relationship with the company as well as the shareholders when he acts as an agent or officers of a company. The director as the Companies Act, 1956 indicates, holds an extremely important position in the administration and management of a Company.

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