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    <title>Split of position of Chairperson and Managing Directors in listed companies</title>
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    <description>SEBI amended the Listing Regulations, following Kotak Committee recommendations, to require separation of the roles of chairperson and managing director/CEO for the largest listed companies by market capitalization, with a transition period for implementation; the first proviso to section 203(1) of the Companies Act permits exceptions where company articles allow dual roles or the company does not undertake multiple businesses.</description>
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