Companies Bill, 2012, takes giant strides in privileging corporate governance. Directors face severe restrictions, auditors will be rotated, independent directors (IDs) have been strengthened, more powers are vested in shareholders, private companies lose many exemptions and transparency gets a boost. Extensive controls on loans and investments are another limb…read more
Finance Minister P Chidambaram today said listed companies must comply with Sebi’s minimum public shareholding requirement as enough time has been given to them by the market regulator.
“Companies have been given enough time…(they) should make every effort to comply with Sebi’s requirement”, he told reporters after a meeting of…read more