alleryStart learning →Under Regulation 2(1)(e), is a director in control of the company merely by holding that office?
AYes, in every case
BYes, if a managing director
COnly if he is chairman
DNo, not merely by office
Answer & Solution
Correct answer: D. No, not merely by office
The proviso to the control definition says a director or officer is not treated as controlling the company merely by virtue of holding that position.
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