Corporate governance reports must now include half yearly disclosures of loans, guarantees and securities to promoters and insiders. SEBI prescribes a standardized Corporate Governance compliance report format with Annex I (quarterly), Annex II (annual), Annex III (six months after year end) and Annex IV (half yearly, effective FY2021 22) which mandates tabular disclosure of loans, guarantees, comfort letters and securities provided directly or indirectly to promoters, promoter group, directors (and relatives), KMPs and entities they control, including amounts issued during the six month period, balances outstanding and an affirmation that such exposures are in the economic interest of the company, subject to specified statutory exclusions.
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 reports must now include half yearly disclosures of loans, guarantees and securities to promoters and insiders.
SEBI prescribes a standardized Corporate Governance compliance report format with Annex I (quarterly), Annex II (annual), Annex III (six months after year end) and Annex IV (half yearly, effective FY2021 22) which mandates tabular disclosure of loans, guarantees, comfort letters and securities provided directly or indirectly to promoters, promoter group, directors (and relatives), KMPs and entities they control, including amounts issued during the six month period, balances outstanding and an affirmation that such exposures are in the economic interest of the company, subject to specified statutory exclusions.
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