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Chief executive officer

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(Querist)
19 February 2016 As per definition of CEO in clause 18 of Section 2 of Companies Act 2013, means an officer of the company, who has been designated as such by it.

Does this means that CEO need not be director of the company and would not be governed by limits on managerial remuneration.

And can any person be designated as CEO who is entrusted with affair's of the company.
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Pratik Shah

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Pratik Shah (Expert)
20 February 2016 You are correct. CEO need not be a director of the Company. Accordingly, Section 197 is not applicable to CEO (Managerial remuneration.
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