State whether the following statements are True or False:i. The promo

1.	State whether the following statements are True or False:i. The promoter of a company cannot be the Independent Director.ii. Only individuals can be directors.iii. The casual vacancy of the Board is filled by the members.iv. To function as per Articles of Association of the company is the statutory duty of the Board.v. A Director is an employee of the company.
Answer» i. True ii. True iii. False iv. True v. False

State whether the following statements are True or False:i. The promoter of a company cannot be the Independent Director.ii. Only individuals can be directors.iii. The casual vacancy of the Board is filled by the members.iv. To function as per Articles of Association of the company is the statutory duty of the Board.v. A Director is an employee of the company.

Answer»

i. True

ii. True

iii. False

iv. True

v. False