Directors in the company may be appointed in the following ways: 1. By Signatures to the Memorandum 2. By Company in the General Meeting 3. By Board of Directors 4. By Third Parties 5. By Proportional Representation 6. By the Central Government. Way # 1. Appointment of Directors by Signatures to the Memorandum: (Sec. 254 and Clause 64 of Table [...]
After reading this article you will learn about the managing director and manager of a company. Managing Director: Section 2 (26) of the Companies Act defines a managing director as, "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 [...]
This article will help you to learn about the difference between manager and managing director of a company. Difference between Manager and Managing Director Manager 1. Need: A manager may or may not be a director of the company. 2. Power: In case of a manager, Sec. 2 (24) of Act provides that he has the management of the whole [...]