KMP Appointment appoint your Managing Director, CEO, CFO or Company Secretary in compliance with Section 203.
Section 203 of the Companies Act, 2013 requires every listed company and every public company with a paid-up share capital of Rs. 10 crore or more to have a whole-time Key Managerial Personnel (KMP) — comprising the Managing Director or Chief Executive Officer, Company Secretary, and Chief Financial Officer. The appointment must be made by the board, recorded in a board resolution, and filed with the ROC in Form MR-1 within 60 days.
Contact UsSection 203 of the Companies Act, 2013 requires every listed company and every public company with a paid-up share capital of Rs. 10 crore or more to have a whole-time Key Managerial Personnel (KMP) — comprising the Managing Director or Chief Executive Officer, Company Secretary, and Chief Financial Officer. The appointment must be made by the board, recorded in a board resolution, and filed with the ROC in Form MR-1 within 60 days.
At Beyonte Compliances, we manage the end-to-end KMP appointment process — from advising on applicability and eligibility, to drafting the board resolution and appointment letter, filing Form MR-1 and MGT-14 on MCA21, and updating the company's statutory registers.
What Our KMP Appointment Service Covers
Applicability Assessment
Confirming whether the company is required to have whole-time KMPs and identifying which KMP positions are mandatorily required.
Eligibility Review
Reviewing the proposed KMP's eligibility — qualifications, disqualifications, and any SEBI or regulatory restrictions.
Board Resolution
Drafting the board resolution approving the KMP appointment, terms of remuneration, and other conditions.
Appointment Letter
Drafting the letter of appointment specifying the terms, remuneration, and conditions of the KMP's appointment.
Form MR-1 Filing
Filing Form MR-1 with the ROC within 60 days of the KMP's appointment — with supporting documents.
MGT-14 Filing
Filing Form MGT-14 where a board resolution for KMP appointment is required to be filed under Section 179(3).
Remuneration Committee Compliance
Advising on Nomination and Remuneration Committee approval requirements for listed companies.
Statutory Register Update
Updating the register of directors and KMP (Form MBP-1 declarations) and the company's statutory records.
Our Process
Applicability & Eligibility Check
Confirming the obligation to appoint KMP and reviewing the proposed appointee's eligibility and disclosures.
Board Resolution & Appointment Letter
Passing the board resolution and issuing the letter of appointment with agreed terms.
NRC Approval (if applicable)
Obtaining Nomination and Remuneration Committee approval for listed companies.
Form MR-1 Filing
Filing Form MR-1 with the ROC within 60 days of appointment with supporting documents.
MGT-14 & Record Update
Filing MGT-14 where required and updating statutory registers and MCA records.
Why It Matters
Frequently Asked Questions
Appointing a KMP? Let's ensure the compliance is complete.
Contact our team — board resolution to Form MR-1, all handled.