The Reserve Bank of India (RBI) has issued guidelines on the Compensation of Key Managerial Personnel (KMP) and Senior Management in NBFCs. Key Managerial Personnel (KMP) is defined under which section and which act?
1
Section 178, Companies Act, 2013
2
Section 7, RBI Act, 1934
3
Section 2(51), Companies Act, 1956
4
Section 22, Banking Regulations Act, 1949
5
Section 2(51), Companies Act, 2013