Advertisements
Advertisements
Question
Justify the following statement:
Managing Director has substantial powers of management.
Advertisements
Solution
(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.
APPEARS IN
RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
To provide guidance to Board is _____ duty of company Secretary
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 organization with a distinct features of separate ownership and management.
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.
Who is the officer responsible for the Company’s financial plan?
Correct the underlined word and rewrite the following sentence:
Public company must have minimum 15 Directors.
Explain the following Term/Concept:
Chief Financial Officer
Explain the following Term/Concept:
Company Secretary
Explain the following Term/Concept:
Secretarial Standard
Justify the following statement:
Directors are Managing Partners.
Justify the following statement:
DIN helps investors of the company.
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:
Secretarial Standards should be in conformity with the Act.
Answer the following question:
Explain the role of the 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:
This KMP signs document of company requiring authentication by company.
