https://www.taxtmi.com/circulars?id=68618 Mandates a governance process for appointment and related actions for specified KMPs (Compliance Officer, Chief Risk Officer, Chief Technology Officer, Chief Information Security Officer): MIIs must engage an independent external agency to recommend candidates, the NRC evaluates recommendations and, after discussion with management, forwards recommendations to the Governing Board which makes the final appointment decision. NRC similarly evaluates re-appointments, terminations and resignations, and Governing Boards must give KMPs a reasonable opportunity to be heard before termination. Governing Boards must prescribe cooling-off periods for KMPs joining competing MIIs and record and inform SEBI when a PID is not re-appointed. en-us Mon, 26 May 2025 00:00:00 +0530 Tue, 27 May 2025 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68618 Mandates a governance process for appointment and related actions for specified KMPs (Compliance Officer, Chief Risk Officer, Chief Technology Officer, Chief Information Security Officer): MIIs must engage an independent external agency to recommend candidates, the NRC evaluates recommendations and, after discussion with management, forwards recommendations to the Governing Board which makes the final appointment decision. NRC similarly evaluates re-appointments, terminations and resignations, and Governing Boards must give KMPs a reasonable opportunity to be heard before termination. Governing Boards must prescribe cooling-off periods for KMPs joining competing MIIs and record and inform SEBI when a PID is not re-appointed. Circulars SEBI Mon, 26 May 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68618