Sec. 2. Definitions.- In this Act, unless the context otherwise requires

Sec. 2 (24) - Defn. of the term Manager


(24) "manager" means an individual (not being the managing agent) who, subject to the superintendence, control and direction of the Board of directors, has the management of the whole, or substantially the whole, of the affairs of a company, and includes a director or any other person occupying the position of a manager, by whatever name called and whether under a contract of service or not;