Company related

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.