managing director

As per the provision of Company Act 2013

It has been provided under the Act that the role or designation of Chairman and Managing Director or Chairman and Chief Executive Officer should not be assigned to the same person. In other words, the same person should not act as both Chairman and Managing Director or Chief Executive Officer of the Company.

However, in the following circumstances, the above restriction will not apply:

(a) the articles of the company contain provision for appointment of same person, or

(b) the company carries only a single business, or

(c) the company is engaged in multiple businesses and has appointed one or more Chief Executive Officers for each such business as may be notified by the Central Government

Note: there is no restriction given in the act with reference to the appointment of same person as President and MD of the same company.

President is not defined under the Companies Act

In The Constitution of India.

The Word President of the Company  is not defined in the Companies Act