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प्रश्न
Distinguish between the following:
Managing director and Manager
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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