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    Question

    In case vacancy in the office of the Key managerial Personnel then it shall be filled up by the ________________ within a period of _________________

    A Board and six days Correct Answer Incorrect Answer
    B Board and sixty days Correct Answer Incorrect Answer
    C Board and six months Correct Answer Incorrect Answer
    D Shareholders and six months Correct Answer Incorrect Answer
    E Shareholders and as agreed upon by majority Correct Answer Incorrect Answer

    Solution

    Section 203 Appointment of key managerial personnel - (4) 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 six months from the date of such vacancy

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