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प्रश्न
Explain the following Term/Concept:
Managing Director.
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उत्तर
(1) According to Section 2 (54) of the Companies Act 2013, Managing Director is a Director who has been entrusted with substantial powers of management under an agreement or by a resolution passed by the company at its general meeting or by the Board of Directors. Appointment 0' Managing Director is made for a term of 5 years. He is appointed by the Board of Directors.
(2) The managing director works under the superintendence, control, and direction of the Board of Directors. He is responsible for the implementation of the policies framed by the Board. He acts as a link between the Board and the staff of the company. He is responsible for the day-to-day administration of the affairs of the company.
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संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
_________ Is an employee of the company?
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The organization with a distinct features of separate ownership and management.
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The officer responsible for company’s finances
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The body of elected representatives of company.
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Agents, Trustees and Managing Partners of the company.
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Audit which checks compliances of different legislations.
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Name the secretarial standard-2
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Managing director and Manager
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State any four powers of the Board of Directors.
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Mention any four ways in which the office of a Direction becomes vacant.
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State any four powers of Managing Directors.
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Directors are Managing Partners.
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DIN helps investors of the company.
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Directors have to work as a team.
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Managing Director has substantial powers of management.
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Secretarial Standards should be in conformity with the Act.
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This KMP signs document of company requiring authentication by company.
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This KMP signs document of company requiring authentication by company.
