Indian Company Master Data Made Simple

Whole-time Director

3 min read

Quick Summary

Whole-time Director is employed full-time by the company in a managerial capacity.

Whole-time Director is similar to MD but may have more limited powers. A company can have both an MD and Whole-time Directors. Their appointment and remuneration require board and shareholder approval.

Key Points

  • Full-time employment
  • Devotes whole time
  • Similar to MD
  • Requires approval
  • Remuneration as per Schedule V