alleryStart learning →Under s.196(3), which person cannot be appointed as a managing director?
AA CA aged 45 years
BA first-time director
CA director aged 50
DAn insolvent person
Answer & Solution
Correct answer: D. An insolvent person
Section 196(3)(b) disqualifies anyone who is an undischarged insolvent or was once adjudged insolvent.
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