Key menegerial personneal

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SHRUTI SHUKLA (Querist)
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14 January 2014 hi, please answer me on this query
if a pvt ltd company whose paid-up share capital is more than rs. 5 crore and it has 2 directors and 1 whole time company secretary employed, so is there is necessary to appoint one directors as a "managing director" in the company or "whole - time company secretary"is sufficient to include in the definiation of " Key manegerial personnel" according to companies Bill, 2013?

CS Adnan Shaikh

CS Adnan Shaikh (Expert)
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15 January 2014 Dear Shruti,

The appointment of Key Managerial personnel will apply to such class of companies that will be prescribed.

As of now, the rules are under draft mode. The capital and other requirement are not yet prescribed.

Regards,
Aanan