Norms for compensation policy

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..... 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 period of ] three .....

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..... 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 the one hundred and eightieth day from the date of their publication i .....

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