The appointment of Key Managerial Personnel (KMP) in companies is governed by the Companies Act, 2013, which mandates their appointment for certain public companies. The KMPs are responsible for managing operations and ensuring compliance, with specified roles and remuneration limits.

Audit requirements under the Companies Act, 2013 ensure transparency, accountability, and fair financial reporting. Key audits include internal, secretarial, and cost audits, depending on company type. Appointment and removal of auditors follow specific legal procedures.