B Com Exam > B Com Notes > Company Law > Managing Director - Management, Company Law
Managing Director - Management, Company Law | Company Law - B Com PDF Download
Managing Director [Section 2 (54)]
Section 2(54) of the Companies Act, 2013 defines a 'Managing Director' as a director who is entrusted with substantial powers of management of the affairs of the company by:
- Virtue of the articles of a company, or
- An agreement with the company, or
- A resolution passed in its general meeting, or by its Board of Directors, and includes a director occupying the position of the managing director, by whatever name called.
Explanation to Section 2 (54) clarifies that substantial powers of the management shall not be deemed to include the power to do such administrative acts of a routine nature when so authorised by the Board such as:
- The power to affix the common seal of the company to any document or
- To draw and endorse any cheque on the account of the company in any bank or
- To draw and endorse any negotiable instrument or
- To sign any certificate of share or
- To direct registration of transfer of any share.
Whole Time Director [Section 2(94)]
Whole-time director' includes a director in the whole time employment of the company.
Manager [Section 2(53)]
'Manager' means an individual who, subject to the superintendence, control and direction of the Board of Directors, has the management of the whole, or substantially the whole, of the affairs of a company, and includes a director or any other person occupying the position of a manager, by whatever name called, whether under a contract of service or not.
The document Managing Director - Management, Company Law | Company Law - B Com is a part of the B Com Course Company Law.
All you need of B Com at this link: B Com
|
81 docs|44 tests
|
FAQs on Managing Director - Management, Company Law - Company Law - B Com
| 1. What are the responsibilities of a Managing Director in terms of management and company law? |  |
Ans. A Managing Director has various responsibilities in terms of management and company law. They are responsible for overseeing the day-to-day operations of the company, setting strategic goals, managing the company's resources, and ensuring compliance with relevant laws and regulations. Additionally, they are responsible for making important business decisions, representing the company to stakeholders, and driving the company's growth and success.
| 2. What qualifications or educational background is required to become a Managing Director in the field of management and company law? | |
Ans. To become a Managing Director in the field of management and company law, a person usually needs a Bachelor's degree in Business Administration or a related field such as Commerce or Management. Additionally, having a sound understanding of company law and legal regulations is crucial. Some individuals may also pursue higher education, such as a Master's degree or a professional qualification like an MBA or a degree in Law, to enhance their knowledge and skills in this domain.
| 3. How does a Managing Director ensure compliance with company law? | |
Ans. A Managing Director ensures compliance with company law by staying updated with the latest legal requirements and regulations. They establish and implement internal policies and procedures that align with legal requirements, ensuring that the company operates within the boundaries set by the law. They also monitor and review the company's activities regularly to identify any potential legal risks or non-compliance issues and take appropriate measures to address them. In some cases, they may seek legal advice or consult with professionals to ensure compliance.
| 4. What are some common challenges faced by Managing Directors in managing companies from a legal perspective? | |
Ans. Managing Directors often face several challenges in managing companies from a legal perspective. Some common challenges include staying updated with ever-changing legal regulations, interpreting complex legal jargon and applying it to practical business situations, managing legal risks and liabilities, and resolving legal disputes or conflicts. Additionally, they may face challenges in ensuring compliance with multiple jurisdictions if the company operates globally. It is crucial for Managing Directors to have a strong understanding of company law and seek professional advice when needed to overcome these challenges.
| 5. How does a Managing Director contribute to the growth and success of a company in terms of management and company law? | |
Ans. A Managing Director plays a crucial role in the growth and success of a company in terms of management and company law. They provide strategic direction to the company, setting goals and objectives that align with the company's vision. They make important business decisions that drive growth and profitability while ensuring compliance with company law. They also establish effective management systems and processes, hire and develop talented teams, and foster a culture of innovation and excellence. By effectively managing resources, mitigating legal risks, and ensuring compliance, a Managing Director contributes to the overall growth and success of the company.
Related Exams
About this Document
|
4.62/5 Rating |
|
Oct 25, 2024 Last updated |
Document Description: Managing Director - Management, Company Law for B Com 2024 is part of Company Law preparation.
The notes and questions for Managing Director - Management, Company Law have been prepared according to the B Com exam syllabus. Information about Managing Director - Management, Company Law covers topics
like and Managing Director - Management, Company Law Example, for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Managing Director - Management, Company Law.
Introduction of Managing Director - Management, Company Law in English is available as part of our Company Law
for B Com & Managing Director - Management, Company Law in Hindi for Company Law course.
Download more important topics related with notes, lectures and mock test series for B Com
Exam by signing up for free. B Com: Managing Director - Management, Company Law | Company Law - B Com
Description
Full syllabus notes, lecture & questions for Managing Director - Management, Company Law | Company Law - B Com - B Com | Plus excerises question with solution to help you revise complete syllabus for Company Law | Best notes, free PDF download
Information about Managing Director - Management, Company Law
In this doc you can find the meaning of Managing Director - Management, Company Law defined & explained in the simplest way possible. Besides explaining types of
Managing Director - Management, Company Law theory, EduRev gives you an ample number of questions to practice Managing Director - Management, Company Law tests, examples and also practice B Com
tests
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Objective type Questions
,video lectures
,Summary
,Sample Paper
,study material
,Semester Notes
,Company Law | Company Law - B Com
,past year papers
,Managing Director - Management
,Viva Questions
,Company Law | Company Law - B Com
,Extra Questions
,Previous Year Questions with Solutions
,Managing Director - Management
,Company Law | Company Law - B Com
,practice quizzes
,Managing Director - Management
,ppt
,mock tests for examination
,Free
,MCQs
,shortcuts and tricks
,Important questions
,Exam
;
Additional Information about Managing Director - Management, Company Law for B Com Preparation
Managing Director - Management, Company Law Free PDF Download
The Managing Director - Management, Company Law is an invaluable resource that delves deep into the core of the B Com exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Managing Director - Management, Company Law now and kickstart your journey towards success in the B Com exam.
Importance of Managing Director - Management, Company Law
The importance of Managing Director - Management, Company Law cannot be overstated, especially for B Com aspirants.
This document holds the key to success in the B Com exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Managing Director - Management, Company Law Notes
Managing Director - Management, Company Law Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Managing Director - Management, Company Law.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Managing Director - Management, Company Law Notes on EduRev are your ultimate resource for success.
Managing Director - Management, Company Law B Com Questions
The "Managing Director - Management, Company Law B Com Questions" guide is a valuable resource for all aspiring students preparing for the
B Com exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Managing Director - Management, Company Law on the App
Students of B Com can study Managing Director - Management, Company Law alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Managing Director - Management, Company Law,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Managing Director - Management, Company Law is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup