Question

The Board of directors are the chief managing body of this form of business
organisation. Describe any four limitations of this form of business organisation​

Answer 1

Answer:

The board of directors are can be called the brain of the company. They are responsible for taking all the big decisions and making policy changes. These decisions are taken in special meetings members of the board hold together, called ‘Board Meetings’.

Section 149 of the Companies Act states that every company’s board of directors must necessarily have a minimum of three directors if it is a public company. two directors if it is a private company and one director in a one person company.