Tuesday, May 24, 2022
No menu items!
Home Business SEBI tightens norms for MD at listed firms

SEBI tightens norms for MD at listed firms


Putting in place stringent norms, SEBI has said that a person rejected by shareholders at a general meeting can be appointed or re-appointed as a managing director or whole time director or manager, only after providing detailed justifications and ensuring compliance with various conditions.

“The appointment or a reappointment of a person, including as a managing director or a whole time director (WTD) or a manager, who was earlier rejected by the shareholders at a general meeting, shall be done only with the prior approval of the shareholders,” SEBI said in a notification on Monday.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments