CAN A PRACTICING PROFESSIONAL ACT AS AN KMP IN ANOTHER COMPANY

[aashish golcha]

Dear All,

I would like to know if we can appoint a Practicing Professional (either CA/CS/CWA) as a KMP in a Company, if he not related to any directors on board of the company and provides only the service that a KMP has to provide??

Regards

Aashish A Golcha

[CS A Rengarajan]

KMP  is   full  time  appointment  and  how  it  is  possible  to  appoint   practicing  professional?

others  views  solcited

best   regards

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CS A Rengarajan

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[Arvind Kumar]

A Practising Professional is Independent.

If that is Appointed as Internal Auditor for Sec. Audit Purpose then he is no more Independent.

So from my Point of View, it like the Provisions of Internal Auditor = internal Sec. Auditor. So it's No from My Point of View

others  views  solcited

[Deepesh Nayak]

KMP, as prescribed, means a person who will be in whole time employment of the company and a practicing can not hold same time two positions.

So accordingly he can not be appointed kmp if holding cop.

Deepesh

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[BINDU MADHAVA]

As per explanation to rule 13 of Companies ( accounting) rules, internal audit can be conducted by a ca in practice or not, may be an employee or not.

However, rules is silent about as author of financials, a CFO can do the internal audit of the same or not??

regards
Bindu Madhava K G

[Deepesh Nayak]

Sir, as per relevant provisions of internal audit, an employee can be appointed as internal auditor.

Regards
Deepesh