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CMA Intermediate · Business Laws and Ethics · Key Managerial Personnel

Mr. Rao is appointed as Chief Financial Officer of Kaveri Foods Ltd on 5 March. Within what time must a return of his particulars be filed with the Registrar under Section 170(2)?

The return must be filed with the Registrar within thirty days from the appointment of the Chief Financial Officer. Section 170(2) fixes this period for every director and key managerial personnel, and the same thirty days apply from any later change in the particulars.

  1. AWithin thirty days from his appointmentCorrect
  2. BWithin sixty days from his appointment
  3. CWithin ninety days from his appointment
  4. DAt the end of the financial year of appointment

Explanation

Section 170(2) requires the return of particulars of a director or KMP to be filed with the Registrar within thirty days from the appointment, and within thirty days of any change. Sixty or ninety days are not stated.

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