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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Proposal to Amend Companies Act: Chairmen Must Disclose Shareholder Queries at Annual Meetings to Boost Transparency and Engagement.</h1> The circular discusses a proposal to amend the Companies Act to require that when shareholders send comments on published accounts to a company, the chairman should disclose each shareholder's name and their queries at the annual general meeting. This practice aims to enhance transparency and shareholder engagement. The current law mandates that shareholders receive essential financial documents before meetings, allowing them to hold directors accountable. The circular emphasizes the importance of addressing shareholder queries, regardless of their relevance, to maintain interest and confidence in corporate management, which is crucial for economic development.
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