https://www.taxtmi.com/acts?id=39195 Section 378W requires a Producer Company to appoint a full time Chief Executive from non members who serves as an ex officio director not subject to retirement by rotation. The Board determines the Chief Executive's qualifications and terms, entrusts substantial management powers, and retains general superintendence. Specified functions include routine administration, bank account operation with Board approval, custody of assets, signing Board authorised documents, maintaining books and audited accounts, informing members, making delegated appointments, advising on strategy and legal matters, and exercising delegated powers while remaining accountable to the Board for company performance. en-us Sat, 03 Oct 2020 18:05:12 +0530 Tue, 16 Dec 2025 15:19:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39195 Section 378W requires a Producer Company to appoint a full time Chief Executive from non members who serves as an ex officio director not subject to retirement by rotation. The Board determines the Chief Executive's qualifications and terms, entrusts substantial management powers, and retains general superintendence. Specified functions include routine administration, bank account operation with Board approval, custody of assets, signing Board authorised documents, maintaining books and audited accounts, informing members, making delegated appointments, advising on strategy and legal matters, and exercising delegated powers while remaining accountable to the Board for company performance. Act-Rules Companies Law Sat, 03 Oct 2020 18:05:12 +0530 https://www.taxtmi.com/acts?id=39195