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प्रश्न
Distinguish between the following:
Managing Director and Whole Time Director
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उत्तर
| Sr. No. | Managing director | Whole Time Director |
| 1 | A Director who is appointed from amongst the Directors as a Chief Executive Officer and entrusted with the substantial powers of management is called a Managing Director. | A Director Who is appointed by the company under a special contract of service as a full-time employee is called a Whole-time Director. |
| 2 | He is appointed for a period of a maximum of five years at a time and is not subject to retirement by rotation as long as he holds his office. | He is a full-time employee of the company. The terms and conditions of his appointment are regulated by the contract of service. |
| 3 | He can work as Managing Director in not more than two companies. | He is a full-time employee of the company and, therefore, cannot work in another company. |
| 4 | Managing director entrusted with or enjoys substantial powers of management. | The whole-time director’s powers are defined by the terms of appointment. He does not have discretionary powers to take decisions on policy matters. |
| 5 | A company may appoint either a Managing Director or a Manager. A Manager cannot be appointed along With the Managing Director. A Manager is generally appointed by small companies, in the place of the Managing Director. | A company can appoint a Whole-time Director simultaneously with the Manager or Managing Director. A whole-time Director is generally appointed by big companies to assist the Manager or the Managing Director. |
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संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
_________ Is an employee of the company?
Select the correct answer from the options given below and rewrite the statement.
_________ need not be a director of the company.
Select the correct answer from the options given below and rewrite the statement.
_________ needs a whole time director.
Select the correct answer from the options given below and rewrite the statement.
Only a member of ________ Can be a practicing Company Secretary
Write a word or a term or a phrase which can substitute the following statement:
The organization with a distinct features of separate ownership and management.
Write a word or a term or a phrase which can substitute the following statement:
The body of elected representatives of company.
Write a word or a term or a phrase which can substitute the following statement:
The officer who is a statutory and administrative officer and also acts as co-coordinator of the company.
Explain the following Term/Concept:
Managing Director.
Explain the following Term/Concept:
Secretarial Standard
Explain the following term/concept:
The Board of Directors
Study the following case/situation and express your opinion.
Mr. M wishes to be the Managing director of QRS Ltd:
(a) The age of Mr. M is 30 years. Can he be appointed as MD of a company?
(b) Is it necessary that Mr. M should be one of the directors on the Board of QRS Ltd.?
(c) For how long a period QRS Ltd. can appoint Mr. M. as Managing Director?
Answer in brief:
State the Statutory Duties of a Company Secretary.
Justify the following statement:
The company has a distinct feature of separate ownership and management.
Write a word or a term or a phrase which can substitute the following statement.
This KMP signs a document of a company requiring authentication by a company.
Write a word or a term or a phrase which can substitute of the following statement.
This KMP signs document of company requiring authentication by company.
Write a word or a term or a phrase which can substitute the following statement.
This KMP signs document of company requiring authentication by company.
Write a word or a term or a phrase which can substitute the following statement:
This KMP signs document of company requiring authentication by company.
