State the powers of a Managing Director.

Monjur Alahi

State the powers of a Managing Director.


0 like 0 dislike
1 views
Share with your friends

1 Answers

Salim Ahmed Kawsar

Call

As it is stated in the definition itself the Managing Director is entrusted with the substantial powers of management, which clearly indicates that he has been given certain important powers of routine business matters of a company.

The powers exercised by him are fellows:

  • To act as a link between the Board of Directors and the managerial staff.
  • To look after the management and administration of a company.
  • To appoint the company employees.
  • To participate in policymaking as well as policy execution.
  • To sign contracts on behalf of a company.
  • To decide about the investment of funds of a company.
  • To receive remuneration from a company.
0 like 0 dislike
1 views
Talk Doctor Online in Bissoy App
i. The Managing Director is appointed by a resolution. ii. The minimum and maximum age to be a Managing Director is 21 and 70 respectively.

i. True ii. True iii. True iv. True

2 Answers 1 views
What is the tenure of ‘Managing Director?

The tenure of the Managing director is Five Years.

2 Answers 1 views
Explain the following concept: Managing Director

Managing Director is a director appointed by virtue of an agreement with the company; or by passing a resolution in the general meeting or by its Board of Directors or...

2 Answers 1 views
Distinguish between the following: Director and Managing Director 2 Answers 1 views
Distinguish between the following: Managing Director and Manager 2 Answers 1 views
Distinguish between the following: Managing Director and Whole Time Director 2 Answers 1 views
Justify the following statement: The managing Director has substantial powers of management.

As it is stated in the definition itself the Managing Director is entrusted with the substantial powers of management, which clearly indicates that he has been given certain important powers...

2 Answers 3 views
Justify the following statement: Indian companies prefer to appoint a Managing Director than a Manager.

Indian company prefers to appoint managing director rather than manager because Managing Directors holds dual authorities and he is able to influence the board of director in a better way. Manager...

2 Answers 1 views
Explain the Managing Director.

Definition: The Companies Act, has defined a Managing Director as “A Director who by virtue of an agreement with the company or of a resolution passed by a company in...

2 Answers 1 views
Select the correct option from the bracket. Group ‘A’ (1) Managing Director

Group ‘A’ Group ‘B’ (1) Managing Director Substantial powers (2) Secretary ICSI passed (3) Manager Full-time employee (4) Secretarial Audit Checks the Legislations

2 Answers 1 views
X