POWER OF MANAGING DIRECTOR Sample Clauses

POWER OF MANAGING DIRECTOR. Subject to the direction and supervision of the Board of Directors of the Company and subject to the relevant provisions of the Companies Act, 2013, and other statutes applicable to the Company, the Managing Director shall look after the general conduct of the business of the Company in all the important areas of operations including matters related to business development. He shall also have and exercise of such powers, authorities and directions as may from time to time be delegated or entrusted to him by the Board of Directors. In exercising any power or doing any act or thing, the Managing Director shall be subject to the provisions of the Companies Act, 2013 and/or any other Act and or the Memorandum and Articles of Association of the Company and/or any Regulations including Regulations made by the Company in General Meeting and/or by the Board of Directors at the Meeting of the Board. The powers and duties of the Managing Director are generally defined herein to facilitate acting upon the same for administrative convenience: 1) To draw short term & long term plans and programmes for the Company. 2) To formulate Annual Budget and to take all necessary steps to achieve budgeted targets relating to production, sales, profits, etc. 3) To organize the operations and activities of the Company so as to meet various targets relating to production, sales, profits, etc. 4) To have overall supervision on the working of the various functional Departments and co-ordinate various functions for satisfactory conduct of the Company’s activities/business. 5) To draw specific programmes for absorbing technological developments for upgradation of Company’s products and infrastructure. 6) To report to the Board of Directors periodically on the performance of the Company. 7) To deal with the Government and various Financial and Banking Agencies in securing financial assistance and other business accommodations required by the Company in meeting the operational requirements as also to pursue plans & programmes of the Company. 8) In accordance with the approval of Board of Directors to open and operate upon the Banking Accounts of the Company to draw, make, accept, sign, execute, endorse, discount, negotiate, issue, sell and assign cheques, drafts, bills of exchange, promissory notes, hundies, bonds, bills of lading, railway receipts, dock warrants and other negotiable or transferable instruments or securities and to purchase, sell, endorse or surrender for renewal any Gove...
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Related to POWER OF MANAGING DIRECTOR

  • Managing Director 1. The Managing Director shall be appointed by the Board of Governors from among candidates having the nationality of an ESM Member, relevant international experience and a high level of competence in economic and financial matters. Whilst holding office, the Managing Director may not be a Governor or Director or an alternate of either. 2. The term of office of the Managing Director shall be five years. He or she may be re-appointed once. The Managing Director shall, however, cease to hold office when the Board of Governors so decides. 3. The Managing Director shall chair the meetings of the Board of Directors and shall participate in the meetings of the Board of Governors. 4. The Managing Director shall be chief of the staff of the ESM. He or she shall be responsible for organising, appointing and dismissing staff in accordance with staff rules to be adopted by the Board of Directors. 5. The Managing Director shall be the legal representative of the ESM and shall conduct, under the direction of the Board of Directors, the current business of the ESM.

  • President Unless the Trustees otherwise provide, the President shall preside at all meetings of the shareholders and of the Trustees. Unless the Trustees otherwise provide, the President shall be the chief executive officer.

  • Board of Managers (a) Prior to the Closing Date, the initial Member or Members may designate such persons who shall agree to be bound by all of the terms of this Agreement to serve as Managers on the Board of Managers. By signing this Agreement or signing an investor application or certification in connection with the purchase of Units, a Member admitted on the Closing Date shall be deemed to have voted for the election of each of the Managers so designated. After the Closing Date, the Board may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 with respect to the number of and vacancies in the position of Manager and the provisions of Section 3.3 hereof with respect to the election of Managers to the Board by Members, designate any person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the Fund. The number of managers shall be fixed from time to time by the Board. (b) Each Manager shall serve on the Board for the duration of the term of the Fund, unless his or her status as a Manager shall be sooner terminated pursuant to Section 4.1 or Section 4.2 hereof. In the event of any vacancy in the position of Manager, the remaining Managers may appoint an individual to serve in such capacity, so long as immediately after such appointment at least two-thirds (2/3) of the Managers then serving would have been elected by the Members. The Board may call a meeting of Members to fill any vacancy in the position of Manager, and shall do so within 60 days after any date on which Managers who were elected by the Members cease to constitute a majority of the Managers then serving on the Board. (c) In the event that no Manager remains to continue the business of the Fund, CSFB Alternative Capital shall promptly call a meeting of the Members, to be held within 60 days after the date on which the last Manager ceased to act in that capacity, for the purpose of determining whether to continue the business of the Fund and, if the business shall be continued, of electing the required number of Managers to the Board. If the Members shall determine at such meeting not to continue the business of the Fund or if the required number of Managers is not elected within 60 days after the date on which the last Manager ceased to act in that capacity, then the Fund shall be dissolved pursuant to Section 6.1 hereof and the assets of the Fund shall be liquidated and distributed pursuant to Section 6.2 hereof.

  • Xxxxxx, President s/ Xxxxx Xxxx ---------------------------------- Xxxxx Xxxx

  • Xxxxxxx, President Xxxxx X.

  • Chairman and Secretary The Local Union shall select the Union representatives and the Chapter shall select the management representatives.

  • Chairman An individual (who need not be a Registered Warrantholder) designated in writing by the Warrant Agent shall be chairman of the meeting and if no individual is so designated, or if the individual so designated is not present within fifteen minutes from the time fixed for the holding of the meeting, the Registered Warrantholders present in person or by proxy shall choose an individual present to be chairman.

  • Executive Director (a) The HMO must employ a qualified individual to serve as the Executive Director for its HHSC HMO Program(s). Such Executive Director must be employed full-time by the HMO, be primarily dedicated to HHSC HMO Program(s), and must hold a Senior Executive or Management position in the HMO’s organization, except that the HMO may propose an alternate structure for the Executive Director position, subject to HHSC’s prior review and written approval. (b) The Executive Director must be authorized and empowered to represent the HMO regarding all matters pertaining to the Contract prior to such representation. The Executive Director must act as liaison between the HMO and the HHSC and must have responsibilities that include, but are not limited to, the following: (1) ensuring the HMO’s compliance with the terms of the Contract, including securing and coordinating resources necessary for such compliance; (2) receiving and responding to all inquiries and requests made by HHSC related to the Contract, in the time frames and formats specified by HHSC. Where practicable, HHSC must consult with the HMO to establish time frames and formats reasonably acceptable to the Parties; (3) attending and participating in regular HHSC HMO Executive Director meetings or conference calls; (4) attending and participating in regular HHSC Regional Advisory Committees (RACs) for managed care (the Executive Director may designate key personnel to attend a RAC if the Executive Director is unable to attend); (5) making best efforts to promptly resolve any issues identified either by the HMO or HHSC that may arise and are related to the Contract; (6) meeting with HHSC representative(s) on a periodic or as needed basis to review the HMO’s performance and resolve issues, and (7) meeting with HHSC at the time and place requested by HHSC, if HHSC determines that the HMO is not in compliance with the requirements of the Contract.

  • The President the Treasurer and the Secretary shall be elected by the Trustees upon the occurrence of any vacancy in any such office. Other officers, if any, may be elected or appointed by the Trustees at any time. Vacancies in any such other office may be filled at any time.

  • Xxxxxxxx, President ACKNOWLEDGED AND ACCEPTED -------------------------

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