7 Major Differences between Trustee and Director

7 Major Differences between Trustee and Director are as follows:

Trustee:

1. A trustee is the legal owner of the trust property.

2. A trustee always manages the affairs of the trust property with his own name.

3. A trustee is not the owner of the beneficiary.

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4. It is purely a fiduciary relationship.

5. The Indian Trust Act, 1882 explains the powers, duties, appointment and removal of trustee.

6. A trustee is a person fully qualified as a trustee.

7. The administration of the property is not commercial and it is maintained by way trust.

Director:

1. A director is not the legal owner of the property.

2. A director always manages the affairs of the company on the name of the company.

3. A director is an agent of the company.

4. Director-company relation is a complex relationship including fiduciary relationship.

5. The Companies Act, 1956 explains the powers, duties, appointment and removal of a director.

6. A director is a person possessing the characters of a manager, a servant, an agent, a trustee, a businessman, an. administrator, etc.

7. The administration of the property is purely commercial.