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प्रश्न
Distinguish between the following:
Managing director and Manager
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उत्तर
| Sr. No. | Managing director | Manager |
| 1 | The Managing Director is the representative or Chief Executive Officer of the Board as far as administration and management of the company are concerned. | A director or a person from the public appointed by the company as a Chief Executive Officer or an in-charge of the whole or substantially whole management of the company is called the manager. |
| 2 | Managing Director is entrusted With or enjoys substantial powers of management. | A manager is given routine power of management by the Board. |
| 3 | The Managing Director must be a Director of the company. | Manager need not be a director of the company |
| 4 | A company can have more than one Managing Director. | A company can have only one manager. |
| 5 | A Managing Director is first a Director and then an employee. | A manager is a regular employee of the company. |
| 6 | If more than one Managing Director is appointed, the maximum remuneration cannot be more than 10% of the net profit of the company. | Maximum remuneration to a manager cannot be more than 5 % of the net profit of the company. |
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संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
_________ need not be a director of the company.
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:
Qualification required being a Company Secretary.
Answer in one sentence.
What is the importance of Secretarial Standards?
Answer in one sentence.
What is the tenure of the ‘Managing Director"?
Explain the following Term/Concept:
Managing Director.
Study the following case/situation and express your opinion.
Mr. A is a commerce graduate. He has vast experience in the field of finance and the financial market. He wishes to become director of PQR co Ltd :
(a) Is he required to obtain DIN?
(b) Can PQR Co. Ltd. object to his directorship on lack of specialized qualification
(c) If he is appointed as director of PQR Co Ltd, is he entitled to remuneration?
Study the following case/situation and express your opinion.
Mr. Z is a member of Institute of Company Secretaries of India:
(a) Can Mr. Z be appointed as pro-tem Secretary of LMN Ltd. which is under formation?
(b) Can Mr. Z work as a secretarial Auditor?
(c) Mr. Z wishes to be employed as whole time Secretary in companies ABC Ltd. and OPC Ltd. Is he allowed?
Answer in brief:
State any four powers of the Board of Directors.
Justify the following statement:
Directors are Managing Partners.
Justify the following statement:
Directors play a triple role.
Justify the following statement:
Indian companies prefer to appoint a M. D. than Manager.
Justify the following statement:
Secretarial Standards should be in conformity with the Act.
Answer the following question:
Explain the role of the Company Secretary.
Write a word or a term or a phrase which can substitute the following statement:
This KMP signs document of the company requiring authentication by the 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 documents of the company requiring authentication by the 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.
