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Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The amendment to SEBI's Listing Obligations and Disclosure Requirements Regulations introduces comprehensive corporate governance requirements for High Value Debt Listed Entities (HVDLEs) effective April 1, 2025. Material related party transactions will require prior No-Objection Certificates from Debenture Trustees, who must obtain approval from unrelated debenture holders holding at least 50% of debenture value. The regulations mandate independent director requirements, including special resolution appointments, prohibition of alternate directors, and mandatory D&O insurance. HVDLEs must establish audit committees, stakeholder relationship committees, and risk management committees. Additional provisions address secretarial audits, management vacancies, and enhanced disclosure requirements. Exemptions apply to transactions between government companies and wholly-owned subsidiaries whose accounts are consolidated with holding companies.
The amendment to SEBI's Listing Obligations and Disclosure Requirements Regulations introduces comprehensive corporate governance requirements for High Value Debt Listed Entities (HVDLEs) effective April 1, 2025. Material related party transactions will require prior No-Objection Certificates from Debenture Trustees, who must obtain approval from unrelated debenture holders holding at least 50% of debenture value. The regulations mandate independent director requirements, including special resolution appointments, prohibition of alternate directors, and mandatory D&O insurance. HVDLEs must establish audit committees, stakeholder relationship committees, and risk management committees. Additional provisions address secretarial audits, management vacancies, and enhanced disclosure requirements. Exemptions apply to transactions between government companies and wholly-owned subsidiaries whose accounts are consolidated with holding companies.
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