Coo covered in kmp definition under related party
This query is : Resolved
08 December 2014
Whether the COO (Chief Operating Officer ) covered in the key managerial personnel definition under the related party under section 188 & sec 2(76)..??
CS Mitesh Mehta
(Expert)
08 December 2014
COO is not covered under the definition of KMP under the Companies Act, 2013. The definition include CEO & CFO as KMP.
However as per AS-18, Key management personnel means those persons who have the authority and responsibility for planning, directing and controlling the activities of the reporting enterprise.
However as per AS-18, Key management personnel means those persons who have the authority and responsibility for planning, directing and controlling the activities of the reporting enterprise.
08 December 2014
Dear Mitesh Sir,
Thank You So Much.. for the help!
May God Bless You!
:)
Thank You So Much.. for the help!
May God Bless You!
:)
CS Mitesh Mehta
(Expert)
24 December 2014
its my pleasure to help you . Thanks for the blessing
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