The correct answer is: C. management
The management of a private limited company is in the hands of its directors. The directors are responsible for the overall management of the company, including setting the company’s strategy, overseeing its operations, and ensuring that it complies with all applicable laws and regulations.
The directors are appointed by the shareholders of the company. They are usually elected at the company’s annual general meeting. The directors are responsible to the shareholders, and they must act in the best interests of the company.
The directors are usually paid a fee for their services. The amount of the fee is determined by the shareholders.
The directors are required to keep proper records of the company’s affairs. They must also prepare an annual report for the shareholders. The annual report must include information about the company’s financial performance, its operations, and its compliance with laws and regulations.
The directors are also required to hold regular meetings. At these meetings, they discuss the company’s affairs and make decisions about its future.
The directors are responsible for the overall management of a private limited company. They are appointed by the shareholders and are responsible to them. The directors must act in the best interests of the company and keep proper records of its affairs. They must also prepare an annual report for the shareholders and hold regular meetings.
The other options are incorrect because they do not refer to the people who are responsible for the overall management of a private limited company.
- Option A, “managers”, refers to people who are responsible for the day-to-day running of a company.
- Option B, “administrators”, refers to people who are responsible for the administrative tasks of a company.
- Option D, “department”, refers to a unit within a company that is responsible for a particular function.
- Option E, “society”, refers to a group of people who share a common interest.