https://www.taxtmi.com/acts?id=17500 Section 203 requires prescribed companies to appoint whole time key managerial personnel-managing director/CEO/manager (or whole time director), company secretary and Chief Financial Officer-by Board resolution stating terms and remuneration; restricts holding of whole time KMP offices to one company except subsidiaries with transitional regularisation rules; mandates Board filling of vacancies within six months; and prescribes penalties for noncompliance including daily continuing default charges up to a capped amount. en-us Sat, 02 Mar 2013 13:21:45 +0530 Wed, 10 Dec 2025 18:01:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17500 Section 203 requires prescribed companies to appoint whole time key managerial personnel-managing director/CEO/manager (or whole time director), company secretary and Chief Financial Officer-by Board resolution stating terms and remuneration; restricts holding of whole time KMP offices to one company except subsidiaries with transitional regularisation rules; mandates Board filling of vacancies within six months; and prescribes penalties for noncompliance including daily continuing default charges up to a capped amount. Act-Rules Companies Law Sat, 02 Mar 2013 13:21:45 +0530 https://www.taxtmi.com/acts?id=17500