Powers and duties of managing directors
This query is : Resolved
Guest
Guest
(Querist)
09 March 2012
IF A PRIVATE LIMITED HAVE A MANAGING DIRECTOR AND DEPUTY MANAGING DIRECTOR THAN WHETHER THE POWERS AND DUTIES OF BOTH THE DIRECTORS ARE SAME.
Ajay Mishra
(Expert)
10 March 2012
Hi
In case of private limited company, the provisions of Companies Act, 1956 read with Schedule XIII will not apply.
The Company is free to decide their terms of appointment of Managing Director.
It will depend on the terms of appointment. You can appoint more than on MD, and give substantial power to each of them but not necessarily give the management of affairs of the company as a whole to any one.
Regards
In case of private limited company, the provisions of Companies Act, 1956 read with Schedule XIII will not apply.
The Company is free to decide their terms of appointment of Managing Director.
It will depend on the terms of appointment. You can appoint more than on MD, and give substantial power to each of them but not necessarily give the management of affairs of the company as a whole to any one.
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Advances to related party
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Capital Gains Tax on Inherited Mutual Fund
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
