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    Question

    Who are categorized as key managerial personnel under

    section 203 of the Companies Act, 2013?
    A Promoters Correct Answer Incorrect Answer
    B Managing directors and Whole time directors Correct Answer Incorrect Answer
    C Shareholders Correct Answer Incorrect Answer
    D Both (a) and (b) Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Section 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 (iii) Chief Financial Officer.

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