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CSEET · Business Laws and Management · Management Knowledge for Company Secretaries

Under the Companies Act, 2013, a company secretary who is appointed as a Key Managerial Personnel (KMP) of a company is primarily regarded as:

A company secretary who is a Key Managerial Personnel is a senior officer of the company and part of its key managerial team. The Companies Act, 2013 includes the company secretary in the KMP category, so the role is continuing and internal, not that of an outside consultant or auditor.

  1. AAn external consultant with no continuing role in the company
  2. BA senior officer of the company who forms part of its key managerial teamCorrect
  3. CA shareholder representative appointed by the members
  4. DA statutory auditor reporting to the Registrar

Explanation

The Companies Act, 2013 lists the company secretary among the Key Managerial Personnel, meaning a senior officer of the company who is part of its management team. An external consultant or auditor does not hold this position, and a CS is not a representative of shareholders.

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