Resignation as kmp (cfo)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 May 2016 Someone is working as CFO in a listed Company which is an Associate of a major Group. He has recently put his resignation there to his Seniors belonging to the Group.However, these people are not officially connected to the Company where he is working. Does he need to to give any separate resignation as CFO in that Company under the Companies Act, 2013 or that resignation will suffice ? In case he needs to submit a separate resignation, should he address Board of Directors in it ?

Mandar

Mandar (Expert)
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05 May 2016 In my view , pursuant to provisions of Section 203(2) , since appointment of whole time KMP shall be by the means of resolution of the Board , the resignation of the same shall be on the same lines