BMC Associates says Replied on 16th May,2026 10:30 AM

As per Section 203 of the Companies Act, 2013, a whole-time Key Managerial Personnel (KMP) cannot hold office in more than one company simultaneously, except in its subsidiary company. Therefore, if a company has multiple subsidiaries, a whole-time KMP may hold office in more than one subsidiary company, provided such appointment is permitted under the Act and approved by the Board wherever required. Many chartered accountant firms in Gurgaon guide companies on KMP appointments, corporate governance, and compliance under the Companies Act, 2013. A professional chartered accountant Gurgaon can help businesses understand whether a whole-time KMP can serve across holding and subsidiary companies without violating legal provisions. Companies often consult a trusted CA firm in Gurgaon or an experienced CA in Gurgaon for proper compliance and secretarial advisory services.