The roles and responsibilities of key managerial personnel (KMP) as per the Companies Act 2013 include:

A. Providing technical support to the board of directors: This is a crucial role of KMPs. They are expected to provide expert advice and technical support to the board of directors to help them make informed decisions. This includes providing insights into the company's operations, financial status, and market trends.

B. Representing the company in legal matters: KMPs often act as the company's representatives in legal matters. They may be required to attend court proceedings, negotiate settlements, and liaise with legal counsel on behalf of the company.

C. Ensuring compliance with statutory requirements: One of the primary responsibilities of KMPs is to ensure that the company complies with all statutory requirements. This includes compliance with the Companies Act 2013, as well as other relevant laws and regulations. They are also responsible for ensuring that all necessary reports and documents are filed with the appropriate authorities in a timely manner.

D. Shareholders with substantial ownership in the company: This is not typically a role or responsibility of KMPs. Shareholders with substantial ownership in the company are often involved in decision-making processes, but they do not usually have the same day-to-day responsibilities as KMPs. However, KMPs may be required to communicate with these shareholders and keep them informed about the company's performance and strategic direction.

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The roles and responsibilities of key managerial personnel (KMP) as per the Companies Act 2013 include:

A. Providing technical support to the board of directors: This is a crucial role of KMPs. They are expected to provide expert advice and technical support to the board of directors to help them make informed decisions. This includes providing insights into the company's operations, financial status, and market trends.

B. Representing the company in legal matters: KMPs often act as the company's representatives in legal matters. They may be required to attend court proceedings, negotiate settlements, and liaise with legal counsel on behalf of the company.

C. Ensuring compliance with statutory requirements: One of the primary responsibilities of KMPs is to ensure that the company complies with all statutory requirements. This includes compliance with the Companies Act 2013, as well as other relevant laws and regulations. They are also responsible for ensuring that all necessary reports and documents are filed with the appropriate authorities in a timely manner.

D. Shareholders with substantial ownership in the company: This is not typically a role or responsibility of KMPs. Shareholders with substantial ownership in the company are often involved in decision-making processes, but they do not usually have the same day-to-day responsibilities as KMPs. However, KMPs may be required to communicate with these shareholders and keep them informed about the company's performance and strategic direction.

Knowee AI · Accepted Answer

The roles and responsibilities of key managerial personnel (KMP) as per the Companies Act 2013 include:

A. Providing technical support to the board of directors: This is a crucial role of KMPs. They are expected to provide expert advice and technical support to the board of directors to help them make informed decisions. This includes providing insights into the company's operations, financial status, and market trends.

B. Representing the company in legal matters: KMPs often act as the company's representatives in legal matters. They may be required to attend court proceedings, negotiate settlements, and liaise with legal counsel on behalf of the company.

C. Ensuring compliance with statutory requirements: One of the primary responsibilities of KMPs is to ensure that the company complies with all statutory requirements. This includes compliance with the Companies Act 2013, as well as other relevant laws and regulations. They are also responsible for ensuring that all necessary reports and documents are filed with the appropriate authorities in a timely manner.

D. Shareholders with substantial ownership in the company: This is not typically a role or responsibility of KMPs. Shareholders with substantial ownership in the company are often involved in decision-making processes, but they do not usually have the same day-to-day responsibilities as KMPs. However, KMPs may be required to communicate with these shareholders and keep them informed about the company's performance and strategic direction.

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