Vacancies in respect of certain Key Managerial Personnel
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....y vacancy in the office of Chief Executive Officer, Managing Director, Whole Time Director or Manager shall be filled by the listed entity at the earliest and in any case not later than three months from the date of such vacancy: ^3[Provided that where the listed entity is required to obtain approval of regulatory, government or statutory authorities to fill up such vacancies, then the vacancie....
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.... be filled up by the listed entity at the earliest and in any case not later than six months from the date of vacancy;] Provided ^4[further] that the listed entity shall not fill such vacancy by appointing a person in interim capacity, unless such appointment is made in accordance with the laws applicable in case of a fresh appointment to such office and the obligations under such laws are made....
TaxTMI