Appointment of Chief Executive Officer

    Posted By : Sumit / Published on : 09-Dec-2017 04:56 PM / View : 685 / Comment : 2
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    Whether the appointment of Chief Executive Officer requires the approval of Shareholder also because his appointment is governed by the provisions of section 203 of Companies Act, 2013 and if the appointment of CEO is made as per section 203, then approval of shareholders is not required as it comes within the ambit of Board. So, my question is whether the appointment of Chief Executive Officer requires the approval of Shareholder or not
    Read more on : officer executive chief appointment

    • Section 203 of the Companies Act, 2013 read with Rule 8 mandates the appointment of Key Managerial Personnel

      Chief Financial Officer:

      Every whole-time key managerial personnel of a company shall be appointed by means of a resolution of the Board containing the terms and conditions of the appointment including the remuneration.

      19-12-2017 / 07:54:56 AM
      Reply
    • Further, in terms of requirements of section 196 of the Act,

      In case of appointment of MD, manager or WTD by a public company other than a government company

      19-12-2017 / 07:58:06 AM
      Reply



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