Appointment & Remuneration of Managerial Personnel

Key Managerial Personnel in relation to a company, include which of the following:

Key Managerial Personnel in relation to a company, do not include which of the following:

The term Manage as defined by Companies Act, 2013, means _______.

The term Manager Director as defined by Companies Act, 2013, means ________.

It is not the designation, but the powers entrusted that defines a managing director. By exercising which of the following powers a director can be considered as managing director.

Maximum period for which a person may be appointed or reappointed at a time as Managing director, Whole time director or Manager in a company shall be ________.

Reappointment of Managing director, Whole time director or Manager shall not be made earlier than _________.

A company wants to appoint Mr. X aged 20 years as its Managing director. Which of the following approval will be required as per the provisions of Companies Act, 2013?

A company wants to appoint Mr. X aged 71 years as its Managing director. Which of the following approval will be required as per the provisions of Companies Act, 2013?

A person shall not be eligible for appointment as a managing  or whole-time director or a manager of a company if he had been detained for any period under the__________

A managing director, whole-time director or manager shall be appointed and the terms and conditions of such appointment and remuneration payable be approved by the Central Government in case such appointment is at variance to the conditions specified in _________.

Company shall fine a return of appointment of a Managing Director, Whole Time Director or Manager within _______ of the appointment with the Registrar, in Form No. __________.

Where an appointment of a managing director, whole-time director or manager is not approved by the company at a general meeting, any act done by him before such approval shall be considered ____________.

To make payment in excess of 11%of net profits as managerial remuneration, which of the of the following authorizations are is required?

To pay remuneration to any one managing director; or whole-time director or manager in excess of 5% of the net profits of the company, which of the following approval are required?

ABC Ltd., a listed company having two managing directors, is considering to pay remuneration to both managing directors equivalent to 10.5% of net profits of the company. Company seeks your advise the necessary approval required.

Mr. Financer, is a CEO in a public company. Company is considering a proposal to increase the remuneration payable to Mr. Financer. Which of the following is true in this regard?

As per Sec. 197(3) of Companies Act, 2013, if in any financial year, a company has no profits or its profits are inadequate, the company shall not pay to its directors, including any managing or whole-time director or manager, by way of remuneration __________.

Which of the following is correct in relation to sitting fees of directors as per Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014?

A director or manager in a company may be paid remuneration by way of __________.

As per Sec. 197 of Companies Act, 2013, if any director draws or receives, directly or indirectly, by way of remuneration any sum in excess of the limit prescribed by this section or without approval required under this section, he ____________.

As per Sec. 197(10) of Companies Act, 2013, the company shall not waive the recovery of any sum refundable to it u/s 197(9) unless _________.

As per Sec. 200 of Companies Act, 2013, ________ may, while according its approval u/s 196, to any appointment or to any remuneration u/s 197 in respect of cases where the company has inadequate or no profits, fix the remuneration within the limits specified in this Act, at such amount or percentage of profits of the company, as it may deem fit.

As per Sec. 202 of Companies Act, 2013, a company may make payment to ________ by way of compensation for loss of office, or as consideration for retirement from office or in connection with such loss or retirement.

Compensation payable u/s 202(1) of companies Act, 2013 to a managing director shall not be paid in which of the following situations?

Any payment made to a manager in pursuance of Sec. 202(1) shall not ______ the remuneration which he would have earned if he had been in office for the remainder of his term or for _______. whichever is _________.

Every whole-time key managerial personnel of a company shall be appointed by means of a __________ containing the terms and conditions of the appointment including the remuneration.

A whole-time key managerial personnel shall not hold office in more than __________ at the same time.

If the office of any whole-time key managerial personnel is vacated, the resulting vacancy shall be filled-up by the Board at a meeting of the Board within a period of _________.

Primus group of companies has three companies, viz., Primus Rolling Mills Ltd., Primus Steel Pipe Manufacturers Ltd. and Primus Marketing Company Ltd. All the three companies want to appoint Mr. Prem as their managing director. State with reference to the provisions of the Companies Act, 2013 whether such appointments are permissible.