Norms for compensation policy

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....mandates that the compensation policy for key management personnel of depository shall be in accordance with the norms specified by the Board. The compensation norms, in this regard, shall be as follows:- a) The variable pay component shall ^1[be within a range of 25% to 50% of total pay]. b) Fifty percent of the variable pay shall be paid on a deferred basis after ^2[a minimum p....

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....personnel, g) periodic review (3) Further, at the time of seeking approval of the Board for the appointment of the managing director, the depository shall seek approval for the compensation of the managing director from the Board.     ************ NOTES:- 1. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/125 dated 28-02-2023 (shall come into force on....