Advertisements
Advertisements
प्रश्न
Explain the following Term/Concept:
Managing Director.
Advertisements
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.
APPEARS IN
संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
Only a member of ________ Can be a practicing Company Secretary
Write a word or a term or a phrase which can substitute the following statement:
The officer responsible for company’s finances
Write a word or a term or a phrase which can substitute the following statement:
The officer who is a statutory and administrative officer and also acts as co-coordinator of the company.
Write a word or a term or a phrase which can substitute the following statement:
Agents, Trustees and Managing Partners of the company.
Write a word or a term or a phrase which can substitute the following statement:
This KMP signs document of the company requiring authentication by the company.
Write a word or a term or a phrase which can substitute the following statement:
The nature of the relationship of Director with the company.
Correct the underlined word and rewrite the following sentence:
Public company must have minimum 15 Directors.
Correct the underlined word and rewrite the following sentence:
First Directors are appointed by ROC.
Explain the following Term/Concept:
Non-Executive Director.
Explain the following Term/Concept:
Chief Financial Officer
Explain the following Term/Concept:
Company Secretary
Explain the following term/concept:
The Board of Directors
Study the following case/situation and express your opinion.
Mr. M wishes to be the Managing director of QRS Ltd:
(a) The age of Mr. M is 30 years. Can he be appointed as MD of a company?
(b) Is it necessary that Mr. M should be one of the directors on the Board of QRS Ltd.?
(c) For how long a period QRS Ltd. can appoint Mr. M. as Managing Director?
Justify the following statement:
Directors have to work as a team.
Justify the following statement:
Company Secretary plays a triple role.
Justify the following statement:
Managing Director has substantial powers of management.
Write a word or a term or a phrase which can substitute the following statement.
This KMP signs document of company requiring authentication by company.
Write a word or a term or a phrase which can substitute the following statement.
This KMP signs a document of a company requiring authentication by a company.
Write a word or a term or a phrase which can substitute in the following statement.
This KMP signs document of company requiring authentication by company.
