can a wholetime employee of a company will be appointed as KMP in other company on deputation as per Companies Act, 2013...?
1 Replies
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 26 April 2014
Sec.203 requires appointment of KMPs by a company on whole-time basis. KMP cannot be sent on deputation to other company to meet requirement of Sec.203.
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