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How many companies a person can be a director in?
A person can hold directorship in 15 companies earlier it was 20 companies.
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.
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.
What is difference between Director and proprietor?
Whilst it is common for the terms 'Proprietor' and 'Director' to be used interchangeably, technically they are statutory terms and their use is strictly governed by the Companies Act and other similar legislation. A Proprietor is a person who owns a Proprietorship. This is the simplest and easiest form of business registration. In this case, there can only be one owner. Usually, they will have a trading name on the basis of which they will acquire the business PAN card, service or sales tax registration etc... A Director is a person who controls a company - whether private or public limited. They have signed a Memorandum of Directorship, have stringent statutory obligations placed upon them. And, remember, a company MUST have at least 2 Directors. So, the easiest test re: whether to call your boss a Director or Proprietor is this: If his business is a Private Limited company, then he/she is a Director. If it is a single-person owned entity with a trading name attached, then he/she is a Proprietor. And, to bring further clarity, if your boss is in a registered partnership, and is performing most of the business' management work, then he/she is a Managing Partner. Urvashi Dixit (urvashi.vansh10@gmail.com)
Who is the budget owner responsible for managing the financial resources of the project?
The budget owner is the person responsible for managing the financial resources of the project.
How many companies a person can be a director in?
A person can hold directorship in 15 companies earlier it was 20 companies.
A person who is in charge of a factory?
He or she could be the managing director or the chief technician, the plant director, or the owner.
What can be the maximum numbers of managing directors in a company?
The is no maximum number. It is normal for there to be only one person as managing director.
In how many companies one person can be a director?
A person can be a board of director for more thane one company earlier it was 20 now it is reduced to 15 companies
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.
How many number of companies can a person be director of at any one time in the United Kingdom?
One person may incorporate a United Kingdom private limited company and become its only shareholder and director. A director and shareholder must be named in the company registration papers. The director and shareholder may be the same person.Hope this helped...
Can a Salaried person become the director in a One Person Company?
Yes, a salaried person become the director in a One Person Company , there are no legal bondages in this but you have to go through with your employment agreement if it contains any restrictions on doing so.
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.
What is a person in charge?
Team-leader, supervisor, foreman or forewoman, manager, managing director, are just a few titles for people in charge.
What is person in Charge?
Team-leader, supervisor, foreman or forewoman, manager, managing director, are just a few titles for people in charge.
Does Managing Director outrank CEO?
No, but they are the most senior employee/operational position in the firm. A Chief Executive Officer is a specific corporate title that is applied to a principal of a corporation, specifically the chair/head of a board, so the use of that title implies that a corporate board exists as well as stockholders, etc. A managing director is less specific. The term 'director' can be used as a title for a company principal or owner, and can be applied to someone on the board, etc. However, that title can also be applied to someone who is strictly an employee. In larger companies, you'll see titles like 'Director of Online Marketing' and those people are frequently NOT actual principals, stockholders, or directors of the corporation - they are employees. The term 'managing director' typically refers to a top-level employee who liaises between the board OR is part of the board but also has day-to-day duties. This term is also widely used for small/individual companies where a single person is holding all titles from the principals to the employees, and they need a title. For that purpose, it's quite accurate because that person is technically a 'director' (principal) of the company and is an employee who is managing day-to-day affairs.
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.
