banner_ad

Appointment of ceo

2215 views 1 replies

Hello

I have a query related to appoint of CEO. A new software company has been formed with 2 directors. Now the directors wish to appoint a CEO, who will be responsible for overall execution of company and will have the authority to sign and execute orders and instructions. Apart from recruiting, do directors need to pass a board resolution for appointing CEO of the company? Is there any requirements as per corporate laws apart from selecting and hiring a CEO? How will a company, as an entity will know that XYZ is the appointed CEO of the company

Request your advice on this

Thanks

Regards

Jay

 

 

Replies (1)

Companies Act 1956 does not mandate a private company to appoint CEO.  It seems he will not be a member of the Board.  Being senior position next to Board level, it would be advisable to pass Board resolution or give power of attorney to any one director to make appointments etc. so that there is no dispute in future.  There is no way an outsider can know that he is CEO, other than his appointment letter or visiting card etc.

 

Section 203 of Companies Act 2013 talks about appointment of CEO in certain class of companies.  Howevet, this section has not yet  been notified and Rules are yet to be finalised.

 

 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details