Whole Time Director

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TARUN JAIN

TARUN JAIN (Querist)
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23 January 2009 Definition of Whole Time Director.

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Jitender

Jitender (Expert)
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23 January 2009 it is not defined in Companies act but generally the director is on roll of the company is known as whole time director.

CS Arpita Rajpurohit

CS Arpita Rajpurohit (Expert)
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23 January 2009 "Whole-time director" for purposes of section 269 is a director rendering his services whole-time to the company. The explanation to this section merely states that "whole-time director" includes a director in the whole-time employment of the company, and apart therefrom this expression has not been defined.

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Ram Avtar Singh

Ram Avtar Singh (Expert)
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23 January 2009 Managing Or Wholetime Director, Link With Nature Of Duties, Not Designations
Department's Clarification.-Whether a director is to be regarded as a whole-time director or as a managing director of the company would depend on the nature and extent of the duties entrusted to him and that the designation under which the appointment is made would no! make any difference in this regard. Thus, if a director is entrusted with managerial functions, he would be in the position of a Managing Director notwithstanding the fact that he may be designated as a technical
adviser or as a technical director of the company. [Fourth Annual Report Year ended 31 st March, 19601.