Chair Person and Chief Executive Officer (CEO) of Kappa Corporation. Kondan lambasted
them by saying that he was kept in the dark about the Company's financial activities. He
chided them for not updating him regularly and asked them to work out a system for updating
him Madhav, after leaving the Office commented that everything he wants to know is that
stack ofronts on the table in the buck of his desk
1. Who was right - Kondan or Madhav? Was Kondan getting information? (8)
2. What would you do to make sure that the Chairperson did get the information he
needed for
control purposes
1l
Answers
Key Managerial Personnel – Analysis of Company law Provisions
Company Secretary has also been brought within the ambit of Key Managerial Personnel giving them the long deserved recognition of a Key Managerial Personnel of the Company. Another noteworthy feature of this concept is that it combines the important management roles as a team or a cluster rather than as independent individuals performing their duties in isolation to others.
CS Divesh Goyal

Key Managerial Personnel -Section 203 read with rule 8 of Companies (appointment and remuneration) Rules, 2014
Companies Act, 2013 (Act) has introduced many NEW CONCEPTS AND KEY MANAGERIAL PERSONNEL is one of them. While the Companies Act, 1956 recognised only Managing Director, Whole Time Director and Manager as the Managerial Personnel, the Companies Act, 2013 has brought in the concept of Key Managerial Personnel which not only covers the traditional roles of managing director and whole time director but also includes some functional figure heads like Chief Financial Officer and Chief Executive Officer etc. These inclusions are in line with the global trends.
“Company Secretary” has also been brought within the ambit of Key Managerial Personnel giving them the long deserved recognition of a Key Managerial Personnel of the Company. Another noteworthy feature of this concept is that it combines the important management roles as a team or a cluster rather than as independent individuals performing their duties in isolation to others.
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Answer:
Company Secretary has also been brought within the ambit of Key Managerial Personnel giving them the long deserved recognition of a Key Managerial Personnel of the Company. Another noteworthy feature of this concept is that it combines the important management roles as a team or a cluster rather than as independent individuals performing their duties in isolation to others.
Explanation: