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    Clarification on Point No. (I) of definition Clause 2(51) of Key Managerial Personnel

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    Dipika

    Posts : 4
    Join date : 2014-03-31

    Clarification on Point No. (I) of definition Clause 2(51) of Key Managerial Personnel

    Post by Dipika on Wed Apr 09, 2014 6:44 pm

    Dear All,

    You are kindly requested to clarify that why in Point No. (i) of Section 2(51) i.e. in Definition of "Key Managerial Personnel" the Chief Executive Officer or the Managing Director or the Manager are in option and rest are numbered consecutively?

    Is it implies that if a Company is having any of the two positions among the Chief Executive Officer or the Managing Director or the Manager then only one of the two or three can be termed as Key Managerial Personnel?

    Kindly clarify.....

    News Reporter 01
    Admin

    Posts : 37
    Join date : 2014-03-28

    Re: Clarification on Point No. (I) of definition Clause 2(51) of Key Managerial Personnel

    Post by News Reporter 01 on Thu Apr 10, 2014 4:54 pm

    Category one of KMP: is MD / CEO / Manager
    Category two: CS
    Category three: CFO

    Thus, for category one, any one shall be enough.

    Dipika

    Posts : 4
    Join date : 2014-03-31

    Clarification on Point No. (I) of definition Clause 2(51) of Key Managerial Personnel

    Post by Dipika on Thu Apr 10, 2014 5:44 pm

    But if a Company is having one MD and one CEO both then who among these two can be termed as Key Managerial Personnel (KMP) ??

    News Reporter 01
    Admin

    Posts : 37
    Join date : 2014-03-28

    Re: Clarification on Point No. (I) of definition Clause 2(51) of Key Managerial Personnel

    Post by News Reporter 01 on Fri Apr 11, 2014 11:51 am

    Usually a co. may not designate MD / CEO at a time. But if it happens then both will be under the bracket of KMP.

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    Re: Clarification on Point No. (I) of definition Clause 2(51) of Key Managerial Personnel

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