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CS
150 Points Posted on 24 February 2021

Can a Listed company procced without Executive Director (temporary suspension by board for personal resaon)on Board if yes, than for how much days if no, than what is provision please state in regard to companies act 2013 and LODR 2015.

Please also state case laws if any at earlist as possible.

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On 24 February 2021 at 14:51 Report
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This discussion addresses whether a listed company can operate without an Executive Director if they are temporarily suspended by the board for personal reasons. It clarifies that under the Companies Act 2013, a company can appoint a manager or an additional executive director if a Whole-Time Key Managerial Personnel (KMP) vacancy arises, which must be filled within six months. The LODR 2015 is silent on this specific issue, but SEBI's informal guidance may offer further insights.

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delhi
720 Points Posted on 02 March 2021
Yes as per companies act. you can appoint manager instead of md and wtd. and board should comprise of non executive director
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On 02 March 2021 at 02:17
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Professional
1979 Points Posted on 07 March 2021
As Per Section 203 ,Company have to fill vacancy within 6 months ( For Whole Time KMP) , anyways LODR is silent on this aspect....Else Board Can Appoint Executive Additional Director... Check Informal Guidenance by SEBI if any .
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On 07 March 2021 at 07:25

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