RBI recently mandated that the NBFCs must constitute nomination and remuneration committee (NRC) and this NRC will ensure the implementation of ICAAP- a process to assess bank’s associated risks. What does the “C” stand for in ICAAP?
RBI issued guidelines for compensation of key managerial personnel and senior management of non-banking finance companies, RBI said that the finance companies have to constitute a nomination and remuneration committee (NRC), which will have the mandate to oversee the framing, review and implementation of compensation policy of the company with the approval of the board. NRC may ensure that compensation levels are supported by the need to retain earnings of the company and the need to maintain adequate capital based on Internal Capital Adequacy Assessment Process (ICAAP). ICAAP (Internal Capital Adequacy Assessment Process) notifies the Board of the current assessment of the bank's risks, how the bank plans to alleviate those risks, and the quantity of current and future capital is needed.
Which Act delas with the provisions relating to prevention of undesirable transactions in securities by regulating the business of dealing therein?
A super-imposed photograph of the deceased over the skeleton of a human body to prove that the skeleton was of the deceased is relevant under.
When consent to an agreement is caused by undue influence, the agreement is a contract_________________
IPC extend to ……….
Who is a financial creditor under the IBC?
What is the penalty levied for failure to furnish information to SEBI?
With reference to the Transfer of Property Act, 1882 in the Supreme Court judgment in Seth Maneklal Mansukhbahi vs. Hormusji Jamshedji Ginwala -AIR 195...
On which ground plaint cannot be rejected?
Section 39 defines the word “voluntarily” with reference to:
Appeal shall lie :