Start learning →

For s.42, a director in relation to a firm means

AThe managing agent
BA partner in the firm
CThe senior employee
DThe firm's auditor
Answer & Solution
Correct answer: B. A partner in the firm
The Explanation to s.42 defines director for a firm as a partner, and company as any body corporate including a firm.
Practise this question with Quill — CA Final →

Keep practising Foreign Exchange Management Act 1999

Browse all Foreign Exchange Management Act 1999 questions for CA Final, or explore more Law topics.

Start a Foreign Exchange Management Act 1999 lesson →
Related questions