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प्रश्न
Justify the following statement:
Managing Director has substantial powers of management.
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उत्तर
(a) 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 at its Board Meeting. Substantial powers are powers of executive nature like deciding the purchase policy, sales policy, credit policy, investment policy, selection and recruitment procedure, etc.
(b) 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. He works in two capacities, via, that of a Director and that of a Manager of the company.
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संबंधित प्रश्न
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The organization with a distinct features of separate ownership and management.
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The nature of the relationship of Director with the company.
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Public company must have minimum 15 Directors.
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Secretarial Standards are given by the Companies Act, 2013.
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Managing director and Manager
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A Director cannot be called an employee of the company.
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This KMP signs document of the company requiring authentication by the company.
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This KMP signs documents of the company requiring authentication by the company.
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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.
