OBLIGATIONS OF A LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND NON-CONVERTIBLE DEBT SECURITIES - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
OBLIGATIONS OF A LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND NON-CONVERTIBLE DEBT SECURITIES - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Chapter VA CORPORATE GOVERNANCE NORMS FOR A LISTED ENTITY WHICH HAS LISTED ITS NONCONVERTIBLE DEBT SECURITIES
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Board governance for entities with listed nonconvertible debt mandates majority non-executive directors and specified shareholder approvals. Regulation 62D requires that the board of an entity with listed non-convertible debt securities have an optimum mix of executive and non-executive ... Summary
Board governance for entities with listed nonconvertible debt mandates majority non-executive directors and specified shareholder approvals.
Regulation 62D requires that the board of an entity with listed non-convertible debt securities have an optimum mix of executive and non-executive directors with at least one woman and at least fifty per cent non-executive directors; where applicable, one-third or one-half of the board must be independent. Shareholder approval is required for appointment or continuation of directors in specified cases (including non-executive directors aged 75+ and periodic continuations every five years), vacancies are to be filled promptly, boards must meet at least four times a financial year with prescribed quorum, and the board must oversee compliance, succession, risk management and remuneration approvals.
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