Indian Company Master Data Made Simple

Managing Director

3 min read

Quick Summary

Managing Director (MD) is responsible for day-to-day operations and strategic management.

MD is appointed by the board and is the chief executive of the company. The appointment requires shareholders' approval and has a maximum tenure of 5 years (can be reappointed). MD cannot be appointed in more than 2 companies simultaneously.

Key Points

  • Chief executive role
  • Appointed by board
  • Maximum tenure 5 years
  • Shareholder approval required
  • Cannot hold more than 2 MD positions