Which is not included in the definition of Key Managerial Personnel under Section 2(51) of the Companies Act, 2013?
Question and options
Which is not included in the definition of Key Managerial Personnel under Section 2(51) of the Companies Act, 2013?
Chief Executive Officer
Chief Financial Officer
Independent Director
Company Secretary
Answer and explanation
Section 2(51) of the Companies Act, 2013 lists as key managerial personnel the chief executive officer, managing director or manager, the company secretary, the whole-time director, the chief financial officer, an officer up to one level below the directors designated by the board, and any other prescribed officer. An independent director is a non-executive director and is not among them.
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