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    <title>MANAGEMENT AND CONTROL OF COMPANIES – III – MANAGING DIRECTOR, WHOLE-TIME DIRECTOR AND MANAGER</title>
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    <description>Managing director is a director entrusted with management powers by agreement, resolution or constitutional documents; appointment may require initial designation as an additional director, regulatory approval and is subject to a limited tenure, with liability for breaches of duties. Whole-time directors act like managing directors with approval and aggregate remuneration caps and prescribed sitting fees. A manager must be an individual managing substantially the whole of company affairs under board superintendence, cannot serve concurrently with a managing director, and is subject to tenure and appointment restrictions. The chairman ensures quorum, orderly proceedings and impartial participation.</description>
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    <pubDate>Thu, 17 May 2012 16:10:00 +0530</pubDate>
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      <description>Managing director is a director entrusted with management powers by agreement, resolution or constitutional documents; appointment may require initial designation as an additional director, regulatory approval and is subject to a limited tenure, with liability for breaches of duties. Whole-time directors act like managing directors with approval and aggregate remuneration caps and prescribed sitting fees. A manager must be an individual managing substantially the whole of company affairs under board superintendence, cannot serve concurrently with a managing director, and is subject to tenure and appointment restrictions. The chairman ensures quorum, orderly proceedings and impartial participation.</description>
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