Question

If the office of any whole-time key managerial personnel is vacated, the resulting vacancy shall be filled-up by the Board at a meeting of the Board within a period of________from the date of such vacancy.

• A. one month
• B. 180 days
• C. 90 days
• D. six months

Answer 1

The correct option is D six months

As per section 203(4) of the Companies Act, 2013, if there is a vacancy in the office of any key managerial personnel, the resulting vacancy shall be filled-up by the Board at a meeting of the Board within a period of six months from the date of such vacancy.