Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Manging Director and Whole time director

197 views

Save Share

Join Us Follow Us Add as Source

saravanan

Trainee auditor

31 Points Posted on 09 July 2020

what is the difference between Managing director and Whole Time Director

Replies (2)

Quick Summary

The Companies Act, 2013 defines both Managing Director (MD) and Whole Time Director (WTD) under different sections. While a company can have multiple Whole Time Directors, there is typically only one Managing Director. Section 203 of the Act provides further clarity on the appointment of Key Managerial Personnel, including these roles.

Vipesh Soni

2 Points Posted on 10 July 2020

Managing Director is defined in Clause 54 of Section 2 of Companies Act, 2013

Whole Time Director is defined in Clause 94 of Section 2 of Co.Act, 2013

Also read Section 203 "Appointment of Key Managerial Personnel" of Co.Act, 2013 for more clarity between MD & WTD

I hope this helps 👍