Applicability of KEY MANAGERIAL PERSONNEL under Companies Act, 2013

As per Provisions of sub section ‘1’ of Section 203 of Companies Act, 2013:

As per Provisions of Section 203 of Companies Act, 2013 read with Rule 8 Chapter XIII, Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014:

The following class of companies shall be required to Appoint Key Managerial Personnel, namely:-

a)  All Listed Companies

b)   Every Public Company having Paid-Up Share Capital of Rs. 10 Crore (Ten crore rupees) or more.

c)   *Every Private Limited Company having Paid-Up Share Capital of Rs. 5 Crore (five crore rupees) or more required to appoint Company Secretary and designate as Key Managerial Personnel.