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What is the process for the appointment of Key Managerial Personnel (KMP) and their remuneration?
lex-o-pedia
Brijesh Kumar

What is the process for the appointment of Key Managerial Personnel (KMP) and their remuneration?

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.
What is the process for the appointment of Key Managerial Personnel (KMP) and their remuneration?
lex-o-pedia
Brijesh Kumar
What is the process for the appointment of Key Managerial Personnel (KMP) and their remuneration?
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.
What is an overview of non-profit companies under the Companies Act, 2013?
lex-o-pedia
Brijesh Kumar
What is an overview of non-profit companies under the Companies Act, 2013?
Non-Profit Companies under Section 8 of the Companies Act, 2013, promote charitable objectives like education, social welfare, and environmental protection. They use profits solely for their aims, not dividends, and enjoy tax exemptions. Non-compliance can lead to penalties or dissolution.