Who is called the 'Trustee of the company'?a) Shareholderb) Partnerc) Directord) Promoter

The term 'Trustee of the company' typically refers to a director. A director is responsible for managing the company's affairs and making decisions on behalf of the shareholders. They hold fiduciary duties towards the company, which includes acting in the best interest of shareholders and ensuring the company adheres to its legal and regulatory obligations.

Here's a brief overview of each option in relation to what a 'Trustee of the company' entails:

1. Shareholder: A shareholder is an owner of the company but does not manage the company's day-to-day operations or have the same fiduciary responsibilities as a director.

2. Partner: A partner is usually in a partnership and may not necessarily hold any directorial position in a corporation, making them less likely to be referred to as a trustee.

3. Director: A director is tasked with governance and oversight of the company, akin to a trustee since they are entrusted to act in the best interests of the company and its shareholders.

4. Promoter: A promoter is involved in establishing the company but may not have the ongoing responsibility or authority associated with being a trustee.

Final Answer

c) Director