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Which class of companies is mandatorily required to appoint Key Managerial Personnel (KMP) as per Section 203 of the Companies Act, 2013?
  • a)
    Private companies with a paid-up share capital of Rs. 10 Crores or more.
  • b)
    Every listed company and private companies with a paid-up share capital of Rs. 5 Crores or more.
  • c)
    Every public company with a paid-up share capital of Rs. 10 Crores or more.
  • d)
    Every public company with a paid-up share capital of Rs. 5 Crores or more.
Correct answer is option 'B'. Can you explain this answer?
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Which class of companies is mandatorily required to appoint Key Manage...
As per Section 203 of the Companies Act, 2013, every listed company and every other public company with a paid-up share capital of Rs. 10 Crores or more is mandatorily required to appoint Key Managerial Personnel (KMP). Additionally, as per Rule 8A, a company with a paid-up share capital of Rs. 5 Crores or more shall have a whole-time Company Secretary.
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Which class of companies is mandatorily required to appoint Key Managerial Personnel (KMP) as per Section 203 of the Companies Act, 2013?a)Private companies with a paid-up share capital of Rs. 10 Crores or more.b)Every listed company and private companies with a paid-up share capital of Rs. 5 Crores or more.c)Every public company with a paid-up share capital of Rs. 10 Crores or more.d)Every public company with a paid-up share capital of Rs. 5 Crores or more.Correct answer is option 'B'. Can you explain this answer?
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Which class of companies is mandatorily required to appoint Key Managerial Personnel (KMP) as per Section 203 of the Companies Act, 2013?a)Private companies with a paid-up share capital of Rs. 10 Crores or more.b)Every listed company and private companies with a paid-up share capital of Rs. 5 Crores or more.c)Every public company with a paid-up share capital of Rs. 10 Crores or more.d)Every public company with a paid-up share capital of Rs. 5 Crores or more.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which class of companies is mandatorily required to appoint Key Managerial Personnel (KMP) as per Section 203 of the Companies Act, 2013?a)Private companies with a paid-up share capital of Rs. 10 Crores or more.b)Every listed company and private companies with a paid-up share capital of Rs. 5 Crores or more.c)Every public company with a paid-up share capital of Rs. 10 Crores or more.d)Every public company with a paid-up share capital of Rs. 5 Crores or more.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which class of companies is mandatorily required to appoint Key Managerial Personnel (KMP) as per Section 203 of the Companies Act, 2013?a)Private companies with a paid-up share capital of Rs. 10 Crores or more.b)Every listed company and private companies with a paid-up share capital of Rs. 5 Crores or more.c)Every public company with a paid-up share capital of Rs. 10 Crores or more.d)Every public company with a paid-up share capital of Rs. 5 Crores or more.Correct answer is option 'B'. Can you explain this answer?.
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