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A managing director is a high-level executive responsible for leading and overseeing the overall operations and business strategy of an organization. Managing directors wield significant decision-making authority, serving as the bridge between the company’s board of directors, shareholders, and the executive team. A person, who is proposed to be appointed as a managing director or whole-time director , can’t be appointed unless he is already a director in the company. So, holding of office of director is a prerequisite for holding of office of managing or whole-time director . 1. Who is Managing Director ? As per the Companies Act, 2013 Managing Director means a director who, 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, is entrusted with substantial powers of management ... Introduction In the modern corporate landscape, the Managing Director (MD) occupies a central role in steering the company towards growth and sustainability. Acting as both the leader of the executive team and a representative of the board of directors, the MD ensures that the company’s vision translates into effective business strategies. This article offers an in-depth exploration of the Managing Director (MD) under Indian company law, including their meaning, appointment process, powers ...
