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Distinguish between the following: Managing director and Manager - Secretarial Practice

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प्रश्न

Distinguish between the following:

Managing director and Manager

अंतर स्पष्ट करें

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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Key Managerial Personnel (KMP)
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अध्याय 6: Directors and Key Managerial personnel of a company - EXERCISES [पृष्ठ १०१]

APPEARS IN

बालभारती Secretarial Practice [English] 11 Standard Maharashtra State Board
अध्याय 6 Directors and Key Managerial personnel of a company
EXERCISES | Q 4. 2) | पृष्ठ १०१

संबंधित प्रश्न

Select the correct answer from the options given below and rewrite the statement.

_________ Is an employee 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:

The officer who is a statutory and administrative officer and also acts as co-coordinator of the company.


Write a word or a term or a phrase which can substitute the following statement:

Agents, Trustees and Managing Partners of the company.


Write a word or a term or a phrase which can substitute the following statement:

Audit which checks compliances of different legislations.


Answer in one sentence.
What is the tenure of the ‘Managing Director"?


Correct the underlined word and rewrite the following sentence:

Public company must have minimum 15 Directors.


Explain the following Term/Concept:

Managing Director.


Explain the following Term/Concept:

Executive Director.


Explain the following Term/Concept:

Non-Executive Director.


Distinguish between the following:

Director and Managing Director


Justify the following statement:

A Director is an agent of the Company.


Justify the following statement:

Directors play a triple role.


Justify the following statement:

Managing Director has substantial powers of management.


Answer the following question:

Explain 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 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.


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