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Answer in brief: State any four powers of Managing Directors. - Secretarial Practice

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प्रश्न

Answer in brief:

State any four powers of Managing Directors.

टिप्पणी लिखिए

उत्तर

The powers of the Managing Director:

(1) Power (Right) to sit on the Board as a presiding officer. He has the right to attend Board meetings and participate in the formation of the policy of the company.

(2) He has the right to vote on all the resolutions passed at the Board Meeting. He has the power to assert his voice in all important policy decisions.

(3) He has the power to borrow money for the purpose of conducting business and also has the power to invest surplus or idle funds of the company. He has the power to make loans in the ordinary course of business.

(4) He has the power to appoint staff in the organization. He has the power to supervise and control the entire stall” and organization. He has the power to issue guidelines to departmental heads and senior executives for the successful implementation of decisions of the Board.

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Key Managerial Personnel (KMP)
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अध्याय 6: Directors and Key Managerial personnel of a company - EXERCISES [पृष्ठ १०१]

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बालभारती Secretarial Practice [English] 11 Standard Maharashtra State Board
अध्याय 6 Directors and Key Managerial personnel of a company
EXERCISES | Q 5. 4) | पृष्ठ १०१

संबंधित प्रश्न

Select the correct answer from the options given below and rewrite the statement.

Managing Director is appointed for a period of ______  Years.


Select the correct answer from the options given below and rewrite the statement.

_________ is required to work under the superintendence, control, the guidance of the Boat.


Select the correct answer from the options given below and rewrite the statement.

_________ Is an employee of the company?


Select the correct answer from the options given below and rewrite the statement.

To provide guidance to Board is _____ duty of company Secretary


Write a word or a term or a phrase which can substitute the following statement:

The officer responsible for company’s finances


Write a word or a term or a phrase which can substitute the following statement:

Qualification required being a Company Secretary.


Write a word or a term or a phrase which can substitute the following statement:

Audit which checks compliances of different legislations.


Write a word or a term or a phrase which can substitute the following statement:

The nature of the relationship of Director with the company.


Write a word or a term or a phrase which can substitute the following statement:

Name the secretarial standard-3


Correct the underlined word and rewrite the following sentence:

Public company must have minimum 15 Directors.


Correct the underlined word and rewrite the following sentence:

Secretarial Standards are given by the Companies Act, 2013.


Explain the following Term/Concept:

Alternate Director.


Explain the following Term/Concept:

Casual vacancy of a Director.


Explain the following Term/Concept:

Secretarial Standard


Distinguish between the following:

Managing director and Manager


Distinguish between the following:

Managing Director and Whole Time Director


Answer in brief:

State the Statutory Duties of a Company Secretary.


Justify the following statement:

Secretarial Standards should be in conformity with the Act.


Write a word or a term or a phrase which can substitute the following statement:

This KMP signs document of the company requiring authentication by the company.


Write a word or a term or a phrase which can substitute the following statement.

This KMP signs document of company requiring authentication by company.


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