Question

Give the definition of Managing Director. Describe
provisions of Company Act about them.​

Answer 1

Answer:

Managing Director—as defined by the Companies Act—means a director who—by virtue of an agreement with the company or of a resolution passed by the company in general meeting or by its Board of Directors or by virtue of its Memorandum or Articles of Association—is entrusted with substantial powers of management which ...

Answer 2

Explanation:

As per the Companies Act, 2013 Managing Director means a director who, by virtue of the articles of a company or an agreement with the company or a resolution passed in its general meeting, or by its Board of Directors, is entrusted with substantial powers of management of the affairs of the company and includes a director occupying the position of managing director, by whatever name called.Every big organization are operated by number of important persons like Director, Managing Director, Chief Financial Officer, Chief Executive Officer, etc. In this article I will discuss about the appointment of Managing Director.

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