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      Question

      In case vacancy in the office of the Key managerial

      Personnel then it shall be filled up by the ________________ within a period of _________________
      A Board and six days Correct Answer Incorrect Answer
      B Board and sixty days Correct Answer Incorrect Answer
      C Board and six months Correct Answer Incorrect Answer
      D Shareholders and six months Correct Answer Incorrect Answer
      E Shareholders and as agreed upon by majority Correct Answer Incorrect Answer

      Solution

      Section 203 Appointment of key managerial personnel - (4) If the office of any whole-time key managerial personnel is vacated, the resulting vacancy shall be filled-up by the Board at a meeting of the Board within a period of six months from the date of such vacancy

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