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5 days ago · 203. Appointment of key managerial personnel. Effective from 1-04-2014. ( 1) Every company belonging to such class or classes of companies as may be prescribed 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 ;
THE COMPANIES ACT, 2013 _____ ARRANGEMENT OF SECTIONS Last update-29-7-2022 _____ CHAPTER I PRELIMINARY SECTIONS 1. Short title, extent, commencement and application. 2. Definitions. CHAPTER II INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO 3. Formation of company. 3A. Members severally liable in certain cases. 4. Memorandum. 5.
Jun 19, 2020 · Section 203 of The Companies Act, 2013 deals with provisions relating to appointment of key managerial personnel (KMP). Applicability: Section 203 (1) of Companies Act, 2013 read with Rule 8 of Companies (Appointment and remuneration of Managerial Personnel) Amendments Rules, 2014:
203. Appointment of key managerial personnel.— (1) Every company belonging to such class or classes of companies as may be prescribed 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.
Section 203. Appointment of Key Managerial Personnel. [ Effective from 1st April, 2014] (1) Every company belonging to such class or classes of companies as may be prescribed 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;
APPOINTMENT OF KEY MANAGERIAL PERSONNEL (SECTION 203) As per section 203(1) of the Companies Act, 2013 read with the Rule 8 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the following class of Companies are required to appoint KMP- Every listed company, and.
Jun 7, 2021 · As per provisions of section 203 (2) every whole-time key managerial personnel of the company shall be appointed by means of a board resolution containing the terms and conditions of the appointment including the remuneration.
Discover the impact of Section 203 of the Companies Act 2013 on corporate governance in India. Learn about compliance requirements, key provisions, and future prospects. Blog
May 5, 2023 · Section 203 of the Companies Act of 2013, in accordance with Rule 8A of the Companies (Appointment and Remuneration of Managerial Personnel) Rules of 2014, mandates hiring a full-time company secretary for every private company with a paid-up share capital of ten crore rupees or more.
Sep 23, 2022 · Understand the appointment of Key Managerial Personnel (KMP) under Section 203 of the Companies Act 2013. Learn who qualifies and the conditions for their appointment.
