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Can a company appoint managing director and manager simultaneously?
Information provided by Legalpund = Can a Company appoint a Managing Director and a Manager at the same time? = No company can appoint or employ, at the same time, or, continue the appointment or, employment at the same time, of a Managing Director, as well as a Manager. But, there is no legal prohibition against having a Whole Time Director and Manager, simultaneously, or, Managing Director and whole-time Director, simultaneously. Again, there is no prohibition on a company having more than one Managing Director. This section applies to all companies, public and private. As per provisions of this section a company cannot apply both managing director and manager at the same time. The term " managing director" and "manager" has been defined in section 2(26) and 2(24) respectively. "managing director is a director who is entrusted with "substantial" powers of management which would not otherwise be exercisable by him. From the definition of managing director it appears that the company may entrust "substantial" power of management to one or more directors and therefore a company may have more than one managing director.Further the expression MANAGING DIRECTOR shall also include a director occupying the position of managing director, by whatever name called.For instance, President, CEO , chief operating officer, etc. in the case of MNCs shall be considered as the MANAGING DIRECTOR for the purpose of COMPANIES ACT, although they are not designated as such.
What is the word when a person managing project at the same time?
Do you mean doing management and managing the project at the same time? This is usually called a Functional Manager/Project Manager hybrid.
Difference between Managing director and Whole Time Director?
Managing Director means 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 virtue of its memorandum or articles of association is entrusted with substantial powers of management which would not otherwise be exercisable by him. It includes a director occupying the position of managing director by whatever name called. Whole time director includes a director in the whole time employment of the company. A person who does not devote substantially the whole of his time to the company is not a whole time director. A whole time director is virtually a managing director though not so designated. A director in charge is also in the same position as a managing director. It has been held that a Managing director is a part of the company's Board of directors and not a servant of the company.
Under what circumstances a Business owner might also be a business manager?
in the first place a business owner is the legal head of the business organization and an assumed member of the board of directors therefore is an inactive manager since he will not be partaking in the day to day activities of the business but he is seen as the manager by legal terms when he also assume the position of the managing director and perform all duties accordingly. .......when the legal head of the business organization is part of the board of directors. ......when the legal head of the business organization is also the formal managing director of the same organization.
What is a manging director?
He (she) is the senior person in a company, apart from the Chairman - though he can be both. In the UK, you cannot form a company, however small, unless there is a Managing Director and a Company Secretary, and these two must not be the same person.
Can a company appoint managing director and manager simultaneously?
Information provided by Legalpund = Can a Company appoint a Managing Director and a Manager at the same time? = No company can appoint or employ, at the same time, or, continue the appointment or, employment at the same time, of a Managing Director, as well as a Manager. But, there is no legal prohibition against having a Whole Time Director and Manager, simultaneously, or, Managing Director and whole-time Director, simultaneously. Again, there is no prohibition on a company having more than one Managing Director. This section applies to all companies, public and private. As per provisions of this section a company cannot apply both managing director and manager at the same time. The term " managing director" and "manager" has been defined in section 2(26) and 2(24) respectively. "managing director is a director who is entrusted with "substantial" powers of management which would not otherwise be exercisable by him. From the definition of managing director it appears that the company may entrust "substantial" power of management to one or more directors and therefore a company may have more than one managing director.Further the expression MANAGING DIRECTOR shall also include a director occupying the position of managing director, by whatever name called.For instance, President, CEO , chief operating officer, etc. in the case of MNCs shall be considered as the MANAGING DIRECTOR for the purpose of COMPANIES ACT, although they are not designated as such.
What is the word when a person managing project at the same time?
Do you mean doing management and managing the project at the same time? This is usually called a Functional Manager/Project Manager hybrid.
Is access manager and MS access is same?
No. Access Manager is a way of managing passwords and allowing you into files. Microsoft Access is a database application.
Is a managing director an employee?
Yes, almost always. However the term 'employee' generally means someone who has an employment contract with the firm, and this might not always be the case with a managing director - they might have a consulting agreement although that is probably less common. The term 'managing director' (which is used in many countries including the UK) generally means the same as 'chief executive officer' (a term that originated in the USA). As the title suggests, the managing director is a member of the board of directors, but may not be the chair of the board (in UK businesses these roles are usually split). The managing director in most businesses would be the most senior executive post: the person who leads the company on a day to day basis and reports to the board of directors. However note that in some professional services businesses the job title of 'managing director' is sometimes given to less senior people.
What is the role and target of service manager in hundai dealership?
A service manager is typically the same for all businesses, including car dealerships. Service managers are responsible for managing service level agreements.
What is a manging director?
He (she) is the senior person in a company, apart from the Chairman - though he can be both. In the UK, you cannot form a company, however small, unless there is a Managing Director and a Company Secretary, and these two must not be the same person.
Who is manager of river plate?
Guillermo Almada is managing the football team River Plate in Uruguay (not the Argentinean team of the same name).
How do you say director in Spanish?
the same Director
How do you say the word director in spanish?
Director its the same
Can a company be the director of another company?
Yes, in some countries a company can be a director of another company. Hong Kong is one example. However, in other countries a director has to be an individual, and can't be a company. Australia is an example of a country with this rule.
Is a Dean and a Director the same thing?
In the education world, a dean and director are not the same thing. A director is the head of the university while the dean is the head of a specific academic unit.
What are examples of first line manager?
A first-line manager is a manager who is at first or second level management, such as a store manager (first level) or an assistant or co-manager (second level), and is directly responsible for the production of their company's goods and services. Keep in mind that a first-line manager is any first or second level manager at every store, it is not per company. For instance, there is only one president of a company, but there are hundreds of managers for the same company. There are first and second level managers for each department within a store and for every level, such as a branch, district, regional, and corporate manager.
