Applicability of Managing Director/ Whole Time Director 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 MD/ WTD/ CEO/ and CFO, namely:-

a)    All Listed Companies

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

c)   Companies which do not fall in above limits can also appoint MD and WTD by follow the procedure given under Section 196 of Companies Act, 2013.