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Ceo and companies act 2013

parveen (trainee) (89 Points)

02 May 2014

Can a person be CEO and Director both as per new companies act?

whether the overall managerial remuneration limit will be applicable on above case or not?

Thanks in advance.

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3 Replies

P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 02 May 2014

Yes, Sec.197 is applicable to MD, WTD and Manager. If CEO is also appointed as a director, he will be WTD & CEO. Hence Sch.V will apply in case of a public company.

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Vandana J Doshi (Practising Company Secretary) (12562 Points)
Replied 02 May 2014

Originally posted by : P C Agrawal
	Yes, Sec.197 is applicable to MD, WTD and Manager. If CEO is also appointed as a director, he will be WTD & CEO. Hence Sch.V will apply in case of a public company.