A Managing Director of a company is entrusted with substantial powers of management but he shall exercise his powers subject to the superintendence, control and direction of its Board of directors.

CS Professional · Advanced Company Law and Practice · PYQS · December 2014
A Managing Director of a company is entrusted with substantial powers of management but he shall exercise his powers subject to the superintendence, control and direction of its Board of directors.

Topics: Directors and Key Managerial Personnel

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