This article will help you to learn about the difference between managing director and whole-time directors of a company. Difference between Managing Director and Whole-Time Director Managing Director Difference - 1. Power: A managing director is director who is entrusted with substantial powers of the management. Difference - 2. Prohibition: Section 197 A of the Act prohibits a company from [...]
Directors in the company may be appointed in the following ways: 1. By Signatures to the Memorandum 2. By Company in the General Meeting 3. By Board of Directors 4. By Third Parties 5. By Proportional Representation 6. By the Central Government. Way # 1. Appointment of Directors by Signatures to the Memorandum: (Sec. 254 and Clause 64 of Table [...]
After reading this article you will learn about the managing director and manager of a company. Managing Director: Section 2 (26) of the Companies Act defines a managing director as, "a director who, by virtue of an agreement with the company, or of a resolution passed by the company in general meeting, or by its board of directors, or by [...]