Question

Key managerial personnel in relation to a company do not include the following:

• A. the Chief Executive Officer or the Managing Director
• B. the Company Secretary
• C. the Whole-time Director
• D. the Chief Financial Officer

Answer 1

The Correct Option is D

Key managerial personnel (KMP) in a company are defined under the Companies Act, 2013, and include individuals who are entrusted with significant managerial responsibilities. The KMP typically includes:
Option a) The Chief Executive Officer (CEO), Managing Director, or Manager are considered KMP as they are in charge of the day-to-day operations and overall management of the company.
Option b) The Company Secretary is also a KMP, responsible for ensuring compliance with legal and regulatory requirements, and advising the board on governance matters.
Option c) The Whole-time Director is a KMP as well, as they are involved in the management of the company’s affairs.
However, option d) The Chief Financial Officer (CFO) is generally not classified as KMP under the Companies Act, although they play an important role in managing the financial aspects of the company.
Thus, the correct answer is d) The Chief Financial Officer.