OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS SECURITY RECEIPTS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS SECURITY RECEIPTS - 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 IV OBLIGATIONS OF A LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND NON-CONVERTIBLE DEBT SECURITIES
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Independent director standards restrict prior employment, related-party pecuniary ties, and define board independence requirements. Regulation 16 prescribes definitions central to board governance: it defines control by reference to takeover rules, sets a detailed statutory definition ... Summary
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Independent director standards restrict prior employment, related-party pecuniary ties, and define board independence requirements.
Regulation 16 prescribes definitions central to board governance: it defines control by reference to takeover rules, sets a detailed statutory definition and disqualifications for an independent director including integrity, non-promoter status, restrictions on relatives' shareholdings and pecuniary relationships, cooling-off periods for prior employment and professional ties, and limits on cross-board non-independent/independent relationships. It also defines material subsidiary by relative turnover or net worth and requires a listed entity policy, and defines senior management as core management one level below chief executive equivalents.
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