https://www.taxtmi.com/article/detailed?id=5639 The Companies Act, 2013 treats the Chief Financial Officer as a statutory office and as Key Managerial Personnel requiring formal appointment by board resolution with terms, remuneration and tenure. A CFO must be appointed as such (not engaged as a retainer or consultant), is generally a whole time officer subject to restrictions on holding office in multiple companies, and is responsible for statutory duties including maintenance and filing of accounts, disclosure in offer documents, board reporting inputs, risk management and signing of audited financial statements, with potential liability for non compliance. en-us Wed, 28 May 2014 09:11:10 +0530 Wed, 28 May 2014 09:11:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5639 The Companies Act, 2013 treats the Chief Financial Officer as a statutory office and as Key Managerial Personnel requiring formal appointment by board resolution with terms, remuneration and tenure. A CFO must be appointed as such (not engaged as a retainer or consultant), is generally a whole time officer subject to restrictions on holding office in multiple companies, and is responsible for statutory duties including maintenance and filing of accounts, disclosure in offer documents, board reporting inputs, risk management and signing of audited financial statements, with potential liability for non compliance. Articles Corporate Laws / IBC / SEBI Wed, 28 May 2014 09:11:10 +0530 https://www.taxtmi.com/article/detailed?id=5639