"Disclosure of details of cross-holding and material financial transactions within the conglomerate are also some of the matters that Sebi would exami
The new proposal states that the fund will need to independently develop a robust IT infrastructure, cyber security procedures and dedicated employees
It is mandatory for every listed public company to have at least one-third of the total number of directors as independent directors
Reserve Bank's circular was inconsistent with the provisions of the Companies Act and would create hardship for businesses in times Covid, says CII
The proposal is aimed at harmonising with the Companies Act, 2013, and maintaining consistency with the SEBI's LODR rules and Debenture Trustees norms