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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New Regulations for Appointing Directors at Stock Exchanges Emphasize Transparency, Training, and Timely Compliance Reporting</h1> The Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, outline the procedures for appointing directors at stock exchanges and clearing corporations. Directors must submit personal and professional details, declarations of compliance, and any potential disqualifications. The Nomination and Remuneration Committee selects the Managing Director through open advertisement, while public interest directors are chosen from diverse fields without shareholder approval. Non-independent directors require both board and shareholder approval. Appointments must be finalized within 30 days, with compliance reports submitted promptly. Directors receive annual training to ensure awareness of their roles and responsibilities.
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