Chapter V - RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION (From Regulation 26 to Regulation 58C)
Code of Conduct requires directors and KMP to meet ethics and fit and proper standards; board may remove after hearing. Regulation 9D requires directors to follow the Code of Conduct (Part A) and requires directors and key management personnel to follow the Code of Ethics (Part B), and to continuously satisfy the fit and proper criteria under sub regulation (2) of Regulation 6A. The Board may, on reference or suo motu, take action for non compliance or conflicts of interest, including removal or termination of a director, after affording a reasonable opportunity of being heard.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Code of Conduct requires directors and KMP to meet ethics and fit and proper standards; board may remove after hearing.
Regulation 9D requires directors to follow the Code of Conduct (Part A) and requires directors and key management personnel to follow the Code of Ethics (Part B), and to continuously satisfy the fit and proper criteria under sub regulation (2) of Regulation 6A. The Board may, on reference or suo motu, take action for non compliance or conflicts of interest, including removal or termination of a director, after affording a reasonable opportunity of being heard.
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