Parliament Standing Committee on Finance - COMPANIES BILL, 2009 recommendations regarding Key Managerial Personnel
Club Exe at 12h11
03
Sep
2010
Parliament Standing Committee on Finance - COMPANIES BILL, 2009 recommendations regarding Key Managerial Personnel
Clause 178 – Appointment of Key Managerial Personnel
13.23 This clause seeks to provide that every company belonging to such class or description of companies, as prescribed by the Central Government, shall have whole-time key managerial personnel.
13.24 Clause 178 (1) read as follows:
―Every company belongi
Clause 178 – Appointment of Key Managerial Personnel
13.23 This clause seeks to provide that every company belonging to such class or description of companies, as prescribed by the Central Government, shall have whole-time key managerial personnel.
13.24 Clause 178 (1) read as follows:
―Every company belongi
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MD / CEO and Company Secretary to be Key Managerial Personnel (KMP), as per Cos Bill 2011, as introduced in Lok Sabha. CFOs has not been brought in the KMP bracket. Clause 203 of the Bill states that Every company belonging to such class or classes of
The Parliamentary Standing Committee on Finance's Report on:
Companies Bill, 2009;
CS (Amendment) Bill, 2010;
CA (Amendment) Bill, 2010;
CWA (Amendment) Bill, 2010
to be presented in the Parliament Today (31.08.2010)
DELHI: The new Companies Bill with stricter corporate governance norms is expected to be enacted by the end of this year, Corporate Affairs Minister Salman Khurshid said today.
Companies Bill 2009, which lapsed with the dissolution of the 14th Lok
Relevant Extract from Standing Committee Report:
7.8 Further, the suggestion for placing an obligation on the Company to provide every assistance to the Company Secretary in whole time practice to enable him to verify any record or information etc. in
Download the New Companies Bill, 2009
http://www.icsi.edu/portals/0/Companies%20Bill%202009.doc
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