Corporate governance compliance required: stock exchanges must monitor quarterly reports and ensure listing committees are constituted before listing. SEBI directs stock exchanges to set up monitoring cells to collect quarterly Clause 49 compliance reports from companies, consolidate and submit them to SEBI within thirty days of quarter end, using a prescribed format covering board composition, audit committee, shareholders/investors grievance committee, director remuneration, board procedures, management disclosures and the corporate governance report; initial public listings must demonstrate board and committee constitution before listing or face escrow of application money until compliance.
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.
Corporate governance compliance required: stock exchanges must monitor quarterly reports and ensure listing committees are constituted before listing.
SEBI directs stock exchanges to set up monitoring cells to collect quarterly Clause 49 compliance reports from companies, consolidate and submit them to SEBI within thirty days of quarter end, using a prescribed format covering board composition, audit committee, shareholders/investors grievance committee, director remuneration, board procedures, management disclosures and the corporate governance report; initial public listings must demonstrate board and committee constitution before listing or face escrow of application money until compliance.
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