CA Inter P2 · Chapter 1 · Question 8 of 9
As per section 2(51), which of the following is NOT automatically a Key Managerial Personnel?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) A general manager two levels below the directors
Explanation
Key managerial personnel under section 2(51) are the CEO, managing director or manager, the company secretary, the whole-time director and the CFO. The board may also designate an officer in whole-time employment who is not more than one level below the directors. An officer two levels below the directors cannot be designated, so the general manager is not a KMP.
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