Appointment of chief financial officer (cfo)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 April 2012
Dear All,
Is it compulsory to appoint Chief Financial Officer (CFO)in Listed Companies?
Digesh Shah
Is it compulsory to appoint Chief Financial Officer (CFO)in Listed Companies?
Digesh Shah
24 April 2012
Hi
For appointment of CEO as there is no specific provisions in Companies Act, 1956 except Listing Agreement. If you want you can take appointment of CEO.No need to file any form with ROC.
But as per listing agreement, there is no mandatory clause for appointment of CFO.
You can read clause 49 as follow:
The CEO, i.e. the Managing Director or Manager appointed in terms of the Companies Act, 1956 and the CFO i.e. the whole-time Finance Director or any other person heading the finance function discharging that function.
But for Listed company it is required to have CEO/CFO for listing compliance.
Regards
For appointment of CEO as there is no specific provisions in Companies Act, 1956 except Listing Agreement. If you want you can take appointment of CEO.No need to file any form with ROC.
But as per listing agreement, there is no mandatory clause for appointment of CFO.
You can read clause 49 as follow:
The CEO, i.e. the Managing Director or Manager appointed in terms of the Companies Act, 1956 and the CFO i.e. the whole-time Finance Director or any other person heading the finance function discharging that function.
But for Listed company it is required to have CEO/CFO for listing compliance.
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Tax on Deemed Capital Gain
- Booth for sales promotion
- Regarding ITR filing with more value than showing in AIS/TIS
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
