alleryStart learning →For a foreign company, who counts as a director under section 386?
AOnly the elected members of its Board
BA person whose directions the Board follows
COnly its managing director or manager
DOnly its resident representative in India
Answer & Solution
Correct answer: B. A person whose directions the Board follows
Section 386(b) widens the term to include any person in accordance with whose directions the Board is accustomed to act.
Keep practising Companies Incorporated Outside India
Browse all Companies Incorporated Outside India questions for CA Inter, or explore more Law topics.
Related questions
Old foreign companies still deliver documents under which 1956 Act section?Exemption notifications under 393A are laid before whom?Non-compliance with Chapter XXII does what to its contracts?For a continuing offence, the extra fine on a foreign company may extend to what amount peWhat is the minimum fine on a foreign company for contravening Chapter XXII?Closure of a foreign company's Indian place of business with unpaid securities money folloWhich sections on prospectus misstatement apply under section 391?Which matter do IDR rules cover?