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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.
_________ need not be a director of the company.
Select the correct answer from the options given below and rewrite the statement.
_________ needs a whole time director.
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Audit which checks compliances of different legislations.
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Name the secretarial standard-l
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Name the secretarial standard-2
Answer in one sentence.
What is the tenure of the ‘Managing Director"?
Correct the underlined word and rewrite the following sentence:
Public company must have minimum 15 Directors.
Explain the following Term/Concept:
Non-Executive Director.
Explain the following Term/Concept:
Secretarial Audit
Explain the following term/concept:
The Board of Directors
Distinguish between the following:
Managing Director and Whole Time Director
Justify the following statement:
Directors are Managing Partners.
Justify the following statement:
A Director is an agent of the Company.
Justify the following statement:
Directors have to work as a team.
Justify the following statement:
Managing Director has substantial powers of management.
Justify the following statement:
Secretarial Standards should be in conformity with the Act.
Answer the following question:
Explain the role of the director?
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.
