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1. Who is Managing Director ? As per the Companies Act, 2013 Managing Director means a director who, by virtue of the articles of a company or an agreement with the company or a resolution passed in its general meeting, or by its Board of Directors, is entrusted with substantial powers of management ... A company’s managing director is responsible for the growth, innovation and development of the company’s strategies and business. Learn what a CEO and managing director are, explore their responsibilities, see the differences between them and see job titles for roles at the same level. Learn about the definition, appointment, tenure, roles and liabilities of a Managing Director in India under the Companies Act, 2013. Find out the legal implications and cases related to the position of a Managing Director in a company.