https://www.taxtmi.com/news?id=4645 Granting Maharatna status delegates enhanced authority to CPSE Boards, including uncapped capital expenditure, technology joint ventures, restructuring, HR and below-board appointments, foreign and domestic debt raising (with approvals), and equity investments and M&A within net worth-based ceilings; exercise of these powers requires induction of requisite non-official directors, professional appraisal of major proposals, written board presentations with risk analysis, presence of government/financial/functional directors for major decisions, internal monitoring and audit committees, and annual performance reviews that may lead to continuation or divestment of status. en-us Wed, 06 Feb 2013 10:25:55 +0530 Wed, 06 Feb 2013 10:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4645 Granting Maharatna status delegates enhanced authority to CPSE Boards, including uncapped capital expenditure, technology joint ventures, restructuring, HR and below-board appointments, foreign and domestic debt raising (with approvals), and equity investments and M&A within net worth-based ceilings; exercise of these powers requires induction of requisite non-official directors, professional appraisal of major proposals, written board presentations with risk analysis, presence of government/financial/functional directors for major decisions, internal monitoring and audit committees, and annual performance reviews that may lead to continuation or divestment of status. News - Wed, 06 Feb 2013 10:25:55 +0530 https://www.taxtmi.com/news?id=4645