Listing of government companies promotes corporate governance and enables tapping capital markets instead of government financing. The Office Memorandum instructs Financial Advisers on CPSE boards to promote and secure the listing of Government companies under the disinvestment policy, advising that listing will enable CPSEs to raise capital from the market for capital expenditure, reduce dependence on Government financing, and create fiscal space, while delivering enhanced corporate governance through higher disclosure, independent directors, market discipline, and deeper capital markets.
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.
Listing of government companies promotes corporate governance and enables tapping capital markets instead of government financing.
The Office Memorandum instructs Financial Advisers on CPSE boards to promote and secure the listing of Government companies under the disinvestment policy, advising that listing will enable CPSEs to raise capital from the market for capital expenditure, reduce dependence on Government financing, and create fiscal space, while delivering enhanced corporate governance through higher disclosure, independent directors, market discipline, and deeper capital markets.
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