https://www.taxtmi.com/article/detailed?id=233 A managing director entrusted with substantial powers of management ordinarily has authority to institute and prosecute suits on behalf of the company as part of managing its business, except for specified routine administrative acts excluded by the statutory proviso. Order 29 CPC permits verification and signing of pleadings by a company's secretary, director or principal officer, but lack of formal board authorization can be decisive where rival director groups or active disputes over representation exist; absent such discord and where the suit benefits the company, a managing director's initiation of litigation is within his management powers. en-us Fri, 21 Nov 2008 00:00:00 +0530 Thu, 10 Dec 2009 21:39:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=233 A managing director entrusted with substantial powers of management ordinarily has authority to institute and prosecute suits on behalf of the company as part of managing its business, except for specified routine administrative acts excluded by the statutory proviso. Order 29 CPC permits verification and signing of pleadings by a company's secretary, director or principal officer, but lack of formal board authorization can be decisive where rival director groups or active disputes over representation exist; absent such discord and where the suit benefits the company, a managing director's initiation of litigation is within his management powers. Articles Corporate Laws / IBC / SEBI Fri, 21 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=233