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of <h1>SEBI Amends Clauses 35B & 49: E-Voting Mandatory, New Corporate Governance Norms for Top 100 Companies Effective October 2014.</h1> The circular issued by SEBI on April 17, 2014, outlines amendments to Clauses 35B and 49 of the Equity Listing Agreement, aligning them with the Companies Act, 2013. These amendments focus on enhancing corporate governance in listed entities. Key changes include mandatory e-voting for shareholder resolutions, revised corporate governance norms applicable from October 1, 2014, and specific provisions for top 100 companies by market capitalization. The circular also emphasizes the role of audit committees, independent directors, and the importance of transparency and shareholder rights. Stock exchanges are required to ensure compliance and report to SEBI quarterly.
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