Kmp

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Siddhi (Querist)
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22 March 2015 In our Company we have Managing Director , Chief Financial Officer , Company Secretary as well as Whole-Time Directors . As per Sec 203 (i) managing director, or Chief Executive Officer or manager and in their absence, a whole-time director; (ii) company secretary; and (iii) Chief Financial Officer can be appoined as KMPMy query is whether my Company (Government Company) can appoint (i) managing director as well as whole-time directors along with company secretary and Chief Financial Officer as KMPs?

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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23 March 2015 The definition of the term Key Managerial Personnel is contained in Section 2(51) of the Companies Act, 2013. The said Section states as under:
“key managerial personnel”, in relation to a company, means— (i) the Chief Executive Officer or the managing director or the manager; (ii) the company secretary; (iii) the whole-time director; (iv) the Chief Financial Officer; and (v) such other officer as may be prescribed;

According to my view you, your company can appoint WTD & MD as KMP

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