Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Board Structure for Clearing Corporation Updated: Include Nominee, Independent, Managing Directors per RBI Guidelines</h1> The governing board of a recognized limited purpose clearing corporation must include nominee directors, independent directors, a managing director, and additional directors as specified by the Reserve Bank of India or the Board. Representatives of debt securities issuers can be appointed on a rotational basis as nominee directors. These representatives are selected from the top three public sector issuers based on the previous financial year's issue size. This regulation was updated by a notification in 2022, which substituted the previous provision that described these representatives as shareholder directors.
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