Can CEO be appointed by a Private Limited company

A Startup Private Limited  Company where there is an angel round of funding and who does not fall under mandatory class of appointment of Key Managerial Personnel can appoint CEO in its Company.

Well, definitely its a welcome step for a Company to appoint a CEO defining the roles and a Private Company can do so by passing a resolution in the Board Meeting.  However, assuming the responsibility given, being a Company which has been invested by the Investors, it is always suggestible to have their consent whether the Shareholders agreement dictate or not.

 

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Buzz around Artificial Intelligence and evolving legal landscape in India

The question ‘whether AI can replace the human mind created by the divine or not’ is misplaced for obvious reasons. However, it cannot be denied that AI is giving a tough challenge to each and every one of us to gear up with these technological advancements and constantly work on our core skills. AI is certainly marred by various inherent challenges, but what is certain is that AI is going to stay while the buzz around it will settle down, paving the way for AI and humans to work together. 

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