22 March 2015
In our Company we have Managing Director , Chief Financial Officer , Company Secretary as well as Whole-Time Directors . As per Sec 203 (i) managing director, or Chief Executive Officer or manager and in their absence, a whole-time director; (ii) company secretary; and (iii) Chief Financial Officer can be appoined as KMPMy query is whether my Company (Government Company) can appoint (i) managing director as well as whole-time directors along with company secretary and Chief Financial Officer as KMPs?
23 March 2015
The definition of the term Key Managerial Personnel is contained in Section 2(51) of the Companies Act, 2013. The said Section states as under: “key managerial personnel”, in relation to a company, means— (i) the Chief Executive Officer or the managing director or the manager; (ii) the company secretary; (iii) the whole-time director; (iv) the Chief Financial Officer; and (v) such other officer as may be prescribed;
According to my view you, your company can appoint WTD & MD as KMP
CAclubindia
