Managing Director

A director who is entrusted with substantial powers of management under Section 2(54) of Companies Act 2013. Appointed for a maximum term of 5 years at a time. Remuneration governed by Schedule V in case of inadequate profits.

Managing Director is governed by the Ministry of Corporate Affairs under the Companies Act, 2013. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.

Managing Director is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with MCA regulatory matters in India.