Section 203: appt of kmp

Co Act 2013 439 views 3 replies

Section 203 states that every listed co. shall have the following whole-time key managerial personnel

(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 :
 
 
Does the Co have to appoint all 3 KMP at the same time.?
Replies (3)
Yes ....all three types of kmp required always

The joining word used after clause (ii) is "and".  Hence it is clear beyond any doubt that all 3 have to be appointed.

 

Thank you all for your valuable feedback


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