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प्रश्न
Justify the following statement:
Indian companies prefer to appoint a M. D. than Manager.
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उत्तर
(a) A director Who is appointed from amongst the directors as Chief Executive Officer and entrusted with the substantial powers of management is called the managing director. Manager means any individual appointed to manage whole or substantially whole affairs of the company. He works under the supervision, direction, and control of the Board of Directors. He need not be a director of the company. The managing director must be a director first and then a managing director. A company can have more than one managing director but have only one manager.
(b) The managing director is more related and he remains constantly in contact with the Board of directors. As like Managing Director, the manager does not have close contact with the Board of directors. He works as an employee of the company and the Board. The Act allows a company to have either a managing director or manager. Indian Companies prefer to appoint a managing director than a manager because the managing director works in dual capacities viz. as director and as managing director. He is able to influence the Board better than that manager does.
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संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
Managing Director is appointed for a period of ______ Years.
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:
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.
Write a word or a term or a phrase which can substitute the following statement:
Name the secretarial standard-l
Answer in one sentence.
What is the importance of Secretarial Standards?
Answer in one sentence.
Who provides guidance to the Board of Directors?
Answer in one sentence.
What is the tenure of the ‘Managing Director"?
Correct the underlined word and rewrite the following sentence:
Secretarial Standards are given by the Companies Act, 2013.
Explain the following Term/Concept:
Independent Director.
Explain the following Term/Concept:
Executive Director.
Explain the following Term/Concept:
Secretarial Standard
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:
The company has a distinct feature of separate ownership and management.
Justify the following statement:
Secretarial Standards should be in conformity with the Act.
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 the following statement:
This KMP signs document of the company requiring authentication by the company.
