Question

An individual shall not be appointed or reappointed as the_______of the company, as well as the______or________of the company at the same time unless the articles of such a company provide otherwise; or the company does not carry multiple businesses.

• A. Chief financial officer; Manager; chief business officer
• B. Chairperson; managing director; chief business officer
• C. Manager; chairperson; chief business officer
• D. Chairperson; managing director; chief executive officer

Answer 1

The correct option is D Chairperson; managing director; chief executive officer

As per proviso of section 203 of the Companies Act, 2013 an individual shall not be appointed or reappointed as the chairperson of the company, in pursuance of the articles of the company, as well as the managing director or Chief Executive Officer of the company unless,—

(a) the articles of such a company provide otherwise; or

(b) the company does not carry multiple businesses