Who are key managerial personnels (KMPs) ? State the manner in which they can be appointed in a company.

As per section 2(51) "key managerial personnel", in relation to a company, means- (i) the Chief Executive Officer or the managing director or the manager; (ii) the company secretary; (iii) the whole-time director; (iv) the Chief Financial Officer; and (v) such other officer as may be prescribed. The Key managerial Personnel shall be appointed only by means of Board resolution containing the terms and conditions of the appointment including the remuneration which shall be passed at the meeting of Board of Directors.