Who from the following regularly attends the office of a company?

The correct answer is Option (3) → Managing Director

Shareholders own the company but take no part in its day-to-day work, and the Board of Directors meets only from time to time to take policy decisions. The Managing Director is a whole-time director entrusted with substantial powers of management, so he or she attends the office of the company regularly and runs it from day to day.

Note: This topic is not covered in any edition of the NCERT Accountancy textbook.