What is the procedure for the appointment of key managerial personnel (KMP) under the Companies Act 2013?  A. Appointment through shareholder voting  B. Appointment by the board of directors  C. Appointment through public advertisement  D. Appointment by the regulatory authority

The procedure for the appointment of key managerial personnel (KMP) under the Companies Act 2013 is as follows:

1. Identification of Candidate: The first step is to identify the potential candidates who are suitable for the role of KMP. This can be done through various methods such as internal recruitment, external recruitment, or through a recruitment agency.

2. Approval by Nomination and Remuneration Committee: The identified candidate must be approved by the Nomination and Remuneration Committee of the company. The committee is responsible for ensuring that the candidate is suitable for the role and meets all the necessary qualifications and experience.

3. Approval by Board of Directors: After the approval by the Nomination and Remuneration Committee, the candidate must be approved by the Board of Directors of the company. The Board of Directors is responsible for the overall management of the company and therefore, their approval is necessary for the appointment of KMP.

4. Shareholder Approval: After the approval by the Board of Directors, the appointment of the KMP must be approved by the shareholders of the company. This is usually done through a voting process in the annual general meeting of the company.

5. Appointment Letter: Once all the approvals are obtained, the candidate is formally appointed as a KMP through an appointment letter.

6. Disclosure to Regulatory Authorities: After the appointment, the company must disclose the appointment of the KMP to the regulatory authorities as per the requirements of the Companies Act 2013.

So, the correct answer is a combination of A and B. The appointment is done through