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Question
Complete the sentence.
The document which contains the rules and regulations governing the internal management of a company is called _________
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Solution
The document which contains the rules and regulations governing the internal management of a company is called Article of association.
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Study the following case/situation and express your opinion:
The Articles of a company stated that while borrowing any money from outsiders. The document must have the signatures of the Managing Director (MD) and any one of the directors. The Articles of Association clearly stated the procedure to be followed while borrowing money. The Managing Director did not follow all the procedures but still borrowed money from Mr. X. Mr. X assumed that the MD has followed the required procedures:
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