08 December 2014
Whether the COO (Chief Operating Officer ) covered in the key managerial personnel definition under the related party under section 188 & sec 2(76)..??
08 December 2014
COO is not covered under the definition of KMP under the Companies Act, 2013. The definition include CEO & CFO as KMP.
However as per AS-18, Key management personnel means those persons who have the authority and responsibility for planning, directing and controlling the activities of the reporting enterprise.
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