Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
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SEBI issued a circular establishing a comprehensive governance framework for Key Management Personnel (KMPs) in Market Infrastructure Institutions (MIIs). The circular mandates an independent external agency-driven appointment process for critical roles like Compliance Officer, Chief Risk Officer, Chief Technology Officer, and Chief Information Security Officer. The Nomination and Remuneration Committee will evaluate recommendations, with the Governing Board making final appointment decisions. Additionally, the circular introduces provisions for a cooling-off period for KMPs joining competing MIIs and requires rationale documentation if a Public Interest Director is not re-appointed. The regulatory changes aim to enhance institutional governance, prioritize public interest, and ensure strategic personnel management across market infrastructure entities.
SEBI issued a circular establishing a comprehensive governance framework for Key Management Personnel (KMPs) in Market Infrastructure Institutions (MIIs). The circular mandates an independent external agency-driven appointment process for critical roles like Compliance Officer, Chief Risk Officer, Chief Technology Officer, and Chief Information Security Officer. The Nomination and Remuneration Committee will evaluate recommendations, with the Governing Board making final appointment decisions. Additionally, the circular introduces provisions for a cooling-off period for KMPs joining competing MIIs and requires rationale documentation if a Public Interest Director is not re-appointed. The regulatory changes aim to enhance institutional governance, prioritize public interest, and ensure strategic personnel management across market infrastructure entities.
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