Question

Who is a Managing Director? Explain the powers and responsibilities of M.D?​

Answer 1

Answer:

Ashwani Bhatia was on Friday appointed as the Managing Director (MD) of the State Bank of India (SBI), according to a Personnel Ministry order. Bhatia is at present working as the Deputy Managing Director in SBI.

Managing Director is entrusted with substantial powers of company management subject to the superintendence, control and direction of the Board of Directors. (v) To direct registration of transfer of any share.

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