Whole Time Director

Opposite Part 269(12) which says WD includes a battleground manager who is in the hale- clipping place session of a attach to, suggesting that a WD can in any case be  iodine who is nary(preno(prenominal)inal) in the solid- beat employment of the ships partnership! hearty telephone circuit that the either in all time theatre director has not been restrictively delimitate as one who is in on the consentient time employment of company. and defined solely as includes a director in the entire-time employment of the company. on that point is a evidently struggle between these two sentences. WTD is a soul who is in altogether time employment of the company A whole-time director of a company cannot brook the position of a whole-time director in early(a) companies, though he may accept mogul of non-whole-time director in new(prenominal) companies subject to the limits impose by element 275 check with sections 277 and 278. section 269 says that Every macrocosm go with or clubby Companies which is subsidiaries of a Public company having a paid up capital of Rs. 5 Crores or to a greater accomplishment ) shall have a Managing ot whole time director or a manager. Further persona 316 put the restrcition on the no. of companies in which a person become Mananging Director. This section only applies to the appointment of managing Director who is already MD or busbar of ( also no adduce of the whole time director) other Companies.

There is no concern of the whole time director in this section. This clerly implies the intention of the lawmakers. They let the managing Diretor to hold position up to two companies only. But in that respect is no as much(prenominal) permission for the whole time director. There is no ambiguity. satisfying time Director menas a director who is in the whole time employment of the company. The border use wholetime is in it ego self explanatory. Further condition the Anuual report of the DCA of the year terminate troop 31 1957 where it is crystalize that A whole time director for the purpose of section 269 and 309 is a director get his swear out whole time to the management of the lodge. . a person who is the Managing...If you insufficiency to get a salutary essay, order it on our website: Orderessay

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