Under Section 203 Companies Act 2013, every LISTED PUBLIC COMPANY and every other public company having paid-up capital of Rs 10 crore or more shall have whole-time KEY MANAGERIAL PERSONNEL (KMP) which include:

1. Section 203(1) Companies Act 2013: every company belonging to such class or classes of companies as may be prescribed shall have the following whole-time KEY MANAGERIAL PERSONNEL: (i) Managing Director, or Chief Executive Officer or Manager, AND in their absence, a Whole-Time Director; (ii) Company Secretary; (iii) Chief Financial Officer. 2. Rule 8 Companies (Appointment & Remuneration) Rules 2014: every listed company, and every other public company with paid-up share capital of Rs 10 crore or more, shall have whole-time KMP. 3. Rule 8A: every private company having paid-up capital of Rs 10 crore or more shall have a whole-time Company Secretary. 4. KMPs are defined under Section 2(51). 5. Hence option B is correct. _Source: Companies Act 2013 (Act 18 of 2013), Govt. of India MCA — Companies Act 2013, Section 203; Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014 Rule 8_