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CMA Intermediate · Business Laws and Ethics · Key Managerial Personnel

Under Section 170 of the Companies Act, 2013, a company appoints a new Chief Financial Officer on 1 March. Within what period must the return of particulars be filed with the Registrar?

The return must be filed with the Registrar within thirty days from the appointment of the director or key managerial personnel, and also within thirty days of any change in the particulars. Six months relates to filling a vacated KMP office under Section 203, not to this return.

  1. AWithin thirty days from the appointmentCorrect
  2. BWithin sixty days from the appointment
  3. CWithin ninety days from the close of the financial year
  4. DWithin six months from the appointment

Explanation

Section 170(2) requires a return of the particulars of directors and KMP to be filed with the Registrar within thirty days from the appointment of every director and KMP, and within thirty days of any change. Six months is the period in Section 203(4) for filling a vacancy, not for filing this return.

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