alleryStart learning →What happens to the board's powers once the IRP is appointed (section 17(1)(b))?
AThey are doubled
BThey stand suspended
CThey pass to members
DThey pass to ROC
Answer & Solution
Correct answer: B. They stand suspended
Section 17(1)(b) suspends the powers of the board of directors or partners, to be exercised by the IRP.
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