Designating cfo as kmp
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 September 2015
Hi
Ours is a Private Limited Company. We have a CFO in our company from last 2 years, who was not appointed in Board Meeting?
Are the provisions of KMP is applicable ?
If we now want to designate him as KMP, what are procedures to be followed?
Whether he is liable to sign the financials irrespective of not being appointed as KMP?
Ours is a Private Limited Company. We have a CFO in our company from last 2 years, who was not appointed in Board Meeting?
Are the provisions of KMP is applicable ?
If we now want to designate him as KMP, what are procedures to be followed?
Whether he is liable to sign the financials irrespective of not being appointed as KMP?
09 September 2015
Appointment of KMP is not mandatory for private companies.
For appointment of KMP, you have to pass Board Resolution, which contain terms and conditions of appointment including remuneration.
As per section 134 of the Companies Act, 2013 the financial statement need to be signed by CFO.It is not relevant whether CFO is designated as KMP or not
For appointment of KMP, you have to pass Board Resolution, which contain terms and conditions of appointment including remuneration.
As per section 134 of the Companies Act, 2013 the financial statement need to be signed by CFO.It is not relevant whether CFO is designated as KMP or not
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
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- TAN for Partnership
- LTCG for Assmt year 26-27
- Free lancer income
- NON- SUBMISSION OF LLP FORM 3
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Long Term Service award taxability in hands of company
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
