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Question
Distinguish between the following:
Managing director and Manager
Solution
| 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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Managing Director.
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Executive Director.
Study the following case/situation and express your opinion.
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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?
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?
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Distinguish between the following:
Director and Managing Director
Answer in brief:
State any four powers of Managing Directors.
Justify the following statement:
A Director is an agent of the Company.
Justify the following statement:
Indian companies prefer to appoint a M. D. than Manager.
Justify the following statement:
Pro-tem Secretary is helpful to 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 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 the company requiring authentication by the company.
