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CS Executive · Company Law and Practice · Key Managerial Personnel and their Remuneration

Kaveri Textiles Ltd appointed Mr. Arun Rao as a director on 5 March. Under Section 170(2), within what time must the return containing the prescribed particulars of this director be filed with the Registrar?

The return must be filed with the Registrar within thirty days from the appointment of the director, as Section 170(2) provides. The same thirty-day limit applies to any later change in the particulars, not to year-end or a longer period.

  1. AWithin thirty days from the appointmentCorrect
  2. BWithin sixty days from the appointment
  3. CWithin thirty days of the end of the financial year
  4. DWithin fifteen days from the appointment

Explanation

Section 170(2) requires a return of directors and KMP to be filed with the Registrar within thirty days from the appointment and within thirty days of any change. Sixty days or year-end timing is not provided in the section.

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