12. Capable Limited appoints Mr. Vikas as the Managing Director of the company. The Board of Directors entrusted him with some powers. Mr. Vikas is not ready to do administrative acts authorised by the Board of Directors keeping in view that he shall been entrusted with substantial powers of the management. Decide the acts which Mr. Vikas can undertake:

(a) To draw and endorse any cheque on the account of the company in any bank

(b) To sign the financial statements of the company

(c) To draw and endorse any negotiable instrument

(d) To sign any certificate of share




















Ans: (b) To sign the financial statements of the company