Can a individual appointed as director in a public limited company also be appointed as manager/general manager in the company and be paid renumeration for both the positions?
6 Replies
i am Kashif
(372 Points)
Replied 11 July 2021
Yes individual appointed as director then it can become as MD
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(4830 Points)
Replied 15 July 2021
No. One person cannot do both.
In many organization, the directors themselves plays the role of a manager, but it does not mean that the role of the two important ranks of the company is same. A director can be an employee, member or any other person, who is unanimously chosen by the company’s shareholder at the general meeting. In contrast, a manager is a paid employee of the company who possesses a substantial amount of knowledge, expertise, and abilities to manage the organization.
Recent Topics
- Gratuity under CTC
- GST refund paid as estimated tax liability
- Salary Income and Professional services income
- Sec 54 and TDS on sale of property
- Airbnb Manager - I manage properties for owners
- Wrong head ed for late fee
- Inter Company trnafer
- Job work-Reg
- Who is liable to pay GST if bank charges excl GST
- Cost of Acquisition IPO cases
Related Threads
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
