1.

Distinguish between the following:Managing Director and Whole Time Director

Answer»
BasisManaging DirectorWhole Time Director
1. MeaningThe managing director represents the board in the day-today management of the company.The whole time director devotes whole time to the working of the company.
2. PowersThe Managing Director is given substantial powers of management.A whole-time director does not have the power to take decisions on policy matters.
3. Number of postsA person can be an M.D. of a maximum of 2 companies at a time.More than one wholetime directorship is not possible at a time.
4. PerformanceHe manages the affairs and business of the company.He performs important administrative functions of the company.


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