https://www.taxtmi.com/acts?id=33848 At least one independent director of a listed entity must be on the board of any unlisted material subsidiary; the listed entity's audit committee shall review the unlisted subsidiary's financial statements and investments; minutes of the unlisted subsidiary's board meetings must be placed before the listed entity's board; management must report significant transactions; reductions of shareholding to fifty percent or less or cessation of control, and disposals of more than twenty percent of assets, require prior shareholder approval by special resolution, with specified exceptions. en-us Mon, 24 Dec 2018 15:30:09 +0530 Sat, 14 Dec 2024 13:46:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33848 At least one independent director of a listed entity must be on the board of any unlisted material subsidiary; the listed entity's audit committee shall review the unlisted subsidiary's financial statements and investments; minutes of the unlisted subsidiary's board meetings must be placed before the listed entity's board; management must report significant transactions; reductions of shareholding to fifty percent or less or cessation of control, and disposals of more than twenty percent of assets, require prior shareholder approval by special resolution, with specified exceptions. Act-Rules SEBI Mon, 24 Dec 2018 15:30:09 +0530 https://www.taxtmi.com/acts?id=33848