top button
Flag Notify
    Connect to us
      Facebook Login
      Site Registration Why to Join

Facebook Login
Site Registration
Print Preview

Whether an individual can be appointed as CFO as well as company secretary of a company?

+1 vote
10 views

In terms of provision of section 203 of Companies Act, 2013, whether an individual can be appointed as CFO as well as company secretary of a company.

posted Aug 8 by Sumeet Vyas

Share this question
Facebook Share Button Twitter Share Button Google+ Share Button LinkedIn Share Button Multiple Social Share Button

1 Answer

0 votes

Although there is no explicit restriction under the Companies Act, 2013 for appointment of the same person as CS and CFO, however, if we peruse Section 203 carefully, it mentions appointment of "Whole-time Key Managerial Persons". If a person is appointed in the capacity of CFO and CS, then will it be fair to assume that he is carrying out both functions whole-time? With this interpretation, i think the same person cannot be appointed as CFO and CS of a Company.

answer Aug 12 by Swati Tyagi
Similar Questions
+1 vote

Can CSR be done in kind ? i.e. If a company is in the business of publications of books whether it can donate books for the purpose of CSR ?

0 votes

A private company is not required to appoint an independent director, whereas Section 135(1) states that the CSR Committee should have at least one independent director. Do private companies need to appoint an independent director to comply with this section?

Contact Us
+91 9880187415
sales@queryhome.net
support@queryhome.net
#470/147, 3rd Floor, 5th Main,
HSR Layout Sector 7,
Bangalore - 560102,
Karnataka INDIA.
QUERY HOME
...