Can a person be CEO and Director both as per new companies act?
whether the overall managerial remuneration limit will be applicable on above case or not?
Thanks in advance.
3 Replies
P C Agrawal
(Registered independent director Past Ch)
(8229 Points)
Replied 02 May 2014
Yes, Sec.197 is applicable to MD, WTD and Manager. If CEO is also appointed as a director, he will be WTD & CEO. Hence Sch.V will apply in case of a public company.
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 02 May 2014
| Originally posted by : P C Agrawal | ||
 |
Yes, Sec.197 is applicable to MD, WTD and Manager. If CEO is also appointed as a director, he will be WTD & CEO. Hence Sch.V will apply in case of a public company. |
 |
Agree with Sir....
ipshita gopinath
(student)
(27 Points)
Replied 03 May 2014
I have doubt. Please kindly specify if the companies act 2013 Is applicable for nov 14 IPCC exam. If yes to what extent. ??
Thanks in advance
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