Question

As per section 2(51) of the Companies Act, 2013, "Key Managerial Personnel", in relation to a company, means -
(i) Chief Executive Officer or the managing director or the manager
(ii) Company Secretary
(iii) General Manager
(iv) Whole Time Director
(v) Chief Legal Officer
(vi) Chief Financial Officer
Select the correct the answer from the options given below:-

• A. (i), (ii), (iv) and (vi)
• B. (i), (iii), (iv), (v) and (vi)
• C. (i), (ii), (v) and (vi)
• D. (i), (iv), (v) and (vi)

Answer 1

The correct option is A (i), (ii), (iv) and (vi)

• Key managerial personnel are the employees of a company who hold key positions in the company and greater responsibility of overall functioning of the company including the duty to protect the interest of all stakeholders.
• Under Section 2 (51) of the Companies Act, 2013 inclusively defines key managerial personnel as:

(i) the Chief Executive Officer or the managing director or the manager;

(ii) the company secretary;

(iii) the whole-time director;

(iv) the Chief Financial Officer; and

(v) such other officer as may be prescribed.