Appointment of cfo
This query is : Resolved
Bhagya M G
(Querist)
26 November 2014
Whether a private company which is a wholly owner subsidiary of a foreign company having a paid up capital of more than Rs.10 Crore need to appoint a qualified chartered accountant as CFO?
CS Mitesh Mehta
(Expert)
27 November 2014
According to my view, CFO need to be appointed
Section 2(18)/(19) of the Companies Act, 2013 defined “Chief Executive Officer”/ “Chief Financial Officer” as an officer of a company,who has been designated as such by it;
It doesn't mention that CFO must be CA
Section 2(18)/(19) of the Companies Act, 2013 defined “Chief Executive Officer”/ “Chief Financial Officer” as an officer of a company,who has been designated as such by it;
It doesn't mention that CFO must be CA
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