OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS INDIAN DEPOSITORY RECEIPTS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS INDIAN DEPOSITORY RECEIPTS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Regulation 62O - Obligations with respect to employees including senior management, key managerial personnel, directors and promoters
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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Restriction on agreements for compensation or profit sharing requires board and public shareholder approval before securities related deals. Regulation 62O limits director committee memberships and requires directors to notify the HVDLE of committee positions elsewhere; mandates annual ... Summary
Restriction on agreements for compensation or profit sharing requires board and public shareholder approval before securities related deals.
Regulation 62O limits director committee memberships and requires directors to notify the HVDLE of committee positions elsewhere; mandates annual affirmation of the board and senior management code of conduct; requires senior management to disclose material transactions creating potential conflicts, including share dealings and related commercial dealings. It prohibits employees, key managerial personnel, directors or promoters from entering agreements for compensation or profit sharing related to dealings in the entity's securities without prior board approval and public shareholder approval by ordinary resolution, with disclosure and abstention rules for existing and interested party transactions.
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