Question
Who are categorized as key managerial personnel under
section 203 of the Companies Act, 2013?Solution
A Managing Director and Whole-time Director have been categorized as Key Managerial Personnel under Section 203 of the Companies Act, 2013. Apart from playing a key role in the overall growth and administration of the company, the Companies Act 2013 contains elaborate provisions relating to their appointment, remuneration, duties and liabilities
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