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    Question

    Who are categorized as key managerial personnel under

    section 203 of the Companies Act, 2013?
    A Promoters Correct Answer Incorrect Answer
    B Shareholders Correct Answer Incorrect Answer
    C Managing directors and Whole- time directors Correct Answer Incorrect Answer
    D Both (a) and (b) Correct Answer Incorrect Answer

    Solution

    A Managing Director and Whole-time Director have been categorized as Key Managerial Personnel under Section 203 of the Companies Act, 2013. Apart from playing a key role in the overall growth and administration of the company, the Companies Act 2013 contains elaborate provisions relating to their appointment, remuneration, duties and liabilities

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