Q.Directors are ______ of the company's money.

The Board of Directors is the body elected by shareholders through which a company acts, since the company itself is only an artificial legal person. The Companies Act, 2013 fixes minimum Board strength at 3 directors for a public company, 2 for a private company, and 1 for a One Person Company, with a maximum of 15 directors unless raised by a special resolution. Every company must have at least one resident director (present in India for at least 182 days in the previous calendar year), and prescribed classes of companies must additionally have at least one woman director. The first directors are usually named in the Articles, or, failing that, the subscribers to the Memorandum act as first directors until proper appointments are made at a general meeting. A special category, the Independent Director, has no material or pecuniary relationship with the company beyond ordinary director …