Key menegerial personneal
This query is : Resolved
SHRUTI SHUKLA
(Querist)
14 January 2014
hi, please answer me on this query
if a pvt ltd company whose paid-up share capital is more than rs. 5 crore and it has 2 directors and 1 whole time company secretary employed, so is there is necessary to appoint one directors as a "managing director" in the company or "whole - time company secretary"is sufficient to include in the definiation of " Key manegerial personnel" according to companies Bill, 2013?
if a pvt ltd company whose paid-up share capital is more than rs. 5 crore and it has 2 directors and 1 whole time company secretary employed, so is there is necessary to appoint one directors as a "managing director" in the company or "whole - time company secretary"is sufficient to include in the definiation of " Key manegerial personnel" according to companies Bill, 2013?
CS Adnan Shaikh
(Expert)
15 January 2014
Dear Shruti,
The appointment of Key Managerial personnel will apply to such class of companies that will be prescribed.
As of now, the rules are under draft mode. The capital and other requirement are not yet prescribed.
Regards,
Aanan
The appointment of Key Managerial personnel will apply to such class of companies that will be prescribed.
As of now, the rules are under draft mode. The capital and other requirement are not yet prescribed.
Regards,
Aanan
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