Hamlin Trust And Ors vs Lsf10 Rose Investments S.Ã R.L. And Ors on 7 September, 2022
Insofar as the
judgments cited in the matters of Rohitash Kumar and Ors. vs.
Om Prakash Sharma and Ors. (supra) and Ahmedabad Municipal
Corporation and Ors. Ahmedabad Green Belt Khedut Mandal &
Ors. (supra) are concerned we find that the sections 184 and 189 of
the Act give the opportunity to the newly-appointed CFO to bring
the information relating to his interests in other companies to the
knowledge of the company within 30 days (under section 189) and
relinquish position as a KMP in any other company within six
Company Appeal (AT) No. 77 of 2022
Page 29 of 31
months of taking over as CFO. Thus there does not appear to be a
strict requirement to resign from all positions held in other
companies before being appointed as CFO.