Appointment of key managerial personnel.

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....        (i) managing director, or Chief Executive Officer or manager and in their absence, a whole-time director; and           (ii) company secretary:                Provided that unless the articles of such a company provide otherwise, an individual shall not be....

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....nbsp;   Provided further that whole-time key managerial personnel holding office in more than one company at the same time on the date of commencement of this Act, shall, within a period of six months from such commencement, choose one company, in which he wishes to continue to hold the office of key managerial personnel:             &....