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    Question

    The guidelines for setting a Nomination and Remuneration

    Committee (NRC) by NBFCs is applicable to which category of NBFCs?
    A NBFC – Base Layer only Correct Answer Incorrect Answer
    B NBFC-Middle Layer and NBFC-Base Layer Correct Answer Incorrect Answer
    C NBFC-Middle Layer and NBFC –Upper Layer Correct Answer Incorrect Answer
    D Applicable to all layers Correct Answer Incorrect Answer
    E Applicable to all layers except Base Layer Correct Answer Incorrect Answer

    Solution

    The guidelines will be applicable for fixing the compensation policy of Key Managerial Personnel and members of senior management of all Non-Banking Financial Companies under SBR framework (Scale based Regulations), except those categorized under ‘Base Layer’ and Government-owned NBFCs.

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