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Infosys seeks govt nod for appointment of Narayana Murthy’s son Rohan

Appointment of relatives of board members needs to be approved by MCA ministry as per Companies Act.

Infosys Ltd has sought the approval of the Union Ministry of Corporate Affairs (MCA) on the appointment of Rohan Murty as executive assistant to his father,NR Narayana Murthy,who is the chairman and whole-time director of the IT firm.

The appointment of relatives of board members needs to be approved by the ministry as per the Companies Act.

The Rohan joined the Bangalore-based IT company on June 1,when his father returned to Infosys after almost two years. The appointment of Murthy and his son for five years with a token salary of Re 1 per annum was ratified by the company’s shareholders on August 3.

Rohan,who holds a PhD from Harvard University in the US,took a sabbatical from that university,where he is a junior fellow in the Society of Fellows,to join the company his father co-founded 32 years ago.

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A media report also said that Rohan would be re-designated as vice-president of the software company. However,there has not been any announcement by Infosys on Rohan’s new role.

First published on: 26-08-2013 at 02:43:50 am
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