12 October 2010
Being a director both are employees of the company.
Comparison of managing director with whole-time director
The basic difference between a managing director and a whole-time director is that, a managing director cannot be appointed for more than five years at a time, but this is not applicable to a whole-time director. Further, an individual can be a managing director of two companies, but an individual cannot be a whole-time director of more than one company.
Check out this you will get more information on this topic. http://www.scribd.com/doc/36676576/LEGAL-PROVISIONS-RELATING-TO-MANAGING-DIRECTOR-WHOLE-TIME-DIRECTOR
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