MCA's Role in Management of Company
company ailet advanced mcq_debateI'm stuck in a debate with my friend on this one, and we need some clarification. AILET prep ke liye koi bhai?
Question: In India, who has the right to make contracts on behalf of a company under the Companies Act, 2013?
A) Directors B) Managing Director C) Whole-time Directors D) All the Directors together
My friend argues B) Managing Director, because it's specifically mentioned in Sec 2(34) of the Companies Act, 2013. He says, "MCD ko company ke peechhe contract banane ke liye koi permission nahi chahiye."
But I say, "No way, my friend, it's all directors together who can make contracts under Sec 180 of the Companies Act, 2013." I think it's about decision-making power, and all directors should be in the loop.
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Bhai, MCA (Ministry of Corporate Affairs) ka role ek bahut bada hai. Company ki management mein, unka kaam kaagaz katta, license dene, audit ke liye nirdharit rules banane aur company ki compliance check karna hai. Unhein company ki registration, merger, demerger, liquidation ke liye rules bhi banate hain. Unka role bahut vishesh hai aur company ki suvidhaaon ko sudhaarne mein madhadta karta hai.