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What is the definition of a 'Managing Director' as per Section 2(54) of the Companies Act, 2013?
  • a)
    A director who holds the majority of shares in the company.
  • b)
    A director who is entrusted with substantial powers of management.
  • c)
    A director who specializes in financial management.
  • d)
    A director who is elected by the shareholders.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the definition of a 'Managing Director' as per Section 2(54) o...
As per Section 2(54) of the Companies Act, 2013, a 'Managing Director' is defined as a director who is entrusted with substantial powers of management of the affairs of the company. This can be due to the company's articles, an agreement with the company, a resolution passed in its general meeting, or by its Board of Directors.
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What is the definition of a 'Managing Director' as per Section 2(54) of the Companies Act, 2013?a)A director who holds the majority of shares in the company.b)A director who is entrusted with substantial powers of management.c)A director who specializes in financial management.d)A director who is elected by the shareholders.Correct answer is option 'B'. Can you explain this answer?
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What is the definition of a 'Managing Director' as per Section 2(54) of the Companies Act, 2013?a)A director who holds the majority of shares in the company.b)A director who is entrusted with substantial powers of management.c)A director who specializes in financial management.d)A director who is elected by the shareholders.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the definition of a 'Managing Director' as per Section 2(54) of the Companies Act, 2013?a)A director who holds the majority of shares in the company.b)A director who is entrusted with substantial powers of management.c)A director who specializes in financial management.d)A director who is elected by the shareholders.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the definition of a 'Managing Director' as per Section 2(54) of the Companies Act, 2013?a)A director who holds the majority of shares in the company.b)A director who is entrusted with substantial powers of management.c)A director who specializes in financial management.d)A director who is elected by the shareholders.Correct answer is option 'B'. Can you explain this answer?.
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