Priya Garg
Quick Summary
In this article, we will discuss about the appointment of additional director and key managerial personnel under companies act and rules. Additional director (As per Section 161 and Chapter XI The Companies (Appointment and Qualifications of Directors) Rules, 2014 ] Additional director is on
Daily Limit Reached
You have reached your daily limit of 2 Free Articles
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited Articles Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
An additional director can be appointed by the Board of Directors.
An additional director holds office until the date of the next annual general meeting or the last date the AGM should have been held, whichever is earlier.
Key Managerial Personnel include the Chief Executive Officer, managing director, manager, company secretary, whole-time director, and Chief Financial Officer.
Every listed company and every other public company with a paid-up share capital of ten crore rupees or more must have whole-time key managerial personnel. Private companies with a paid-up share capital of ten crore rupees or more also need a whole-time company secretary.
Any vacancy in the office of a whole-time key managerial personnel must be filled by the Board within six months from the date of the vacancy.
No company can appoint or employ a managing director and a manager at the same time.
CAclubindia
