Question

Role and functions of Managing Agency System in India

Answer 1

Answer:

Explanation:

in essence, managing agency is the vesting of the management of a joint stock company in the hands of a firm of professional managers. In practice, the managing agent is usually responsible for the initial promotion, financing, underwriting, and organization of the joint stock company.

Answer 2

Answer:

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In essence, managing agency is the vesting of the management of a joint stock company in the hands of a firm of professional managers. In practice, the managing agent is usually responsible for the initial promotion, financing, underwriting, and organization of the joint stock company.✔︎