2. Mr. A was a managing director of the company. His appointment condition was that he shall not
during his service or afterwards entice the customers of the company. His employment was
terminated and after sometime @ formed a company to carry his own business that enticed the
customers. He wanted the separate entity protection, that it is the company and not him who is
enticing the customers. Decide, if he and his company are one and the same.
Answers
Answer:
Appointment of a sole selling agent must be made subject to the condition that his appointment shall be approved by the company in the first ...
Explanation:
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The Managing Director is appointed by the Board of Directors as a full-time officer of the company and is in charge of its detailed management. One of the members of the Board of Directors is a managing director. Under the Companies Act, no association of persons or corporation may be appointed as Managing Director.
What is the MD's role in a business?
(1) The MD establishes primary operating policies within the context of the company's goals and policies. (2) The MD organizes and plans the structure of the organization. (3) The MD plans and organizes Personnel Management in consultation with the Personnel Manager.
The appointment of a sole selling agent must be subject to the condition that it be approved by the company in the first instance.
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