https://www.taxtmi.com/notifications?id=130394 Amendments require enhanced independent director representation where SR equity shares are outstanding: at least half the board, a wholly independent audit committee, two thirds composition for nomination and remuneration, stakeholders relationship and risk management committees. SR shares are economically at par with ordinary shares but face voting limitations, a cap on total SR voting rights post-listing, treatment as ordinary equity for specific matters, conversion to ordinary voting shares on the fifth anniversary with possible extension, and compulsory conversion upon enumerated corporate events. en-us Mon, 29 Jul 2019 00:00:00 +0530 Wed, 31 Jul 2019 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=130394 Amendments require enhanced independent director representation where SR equity shares are outstanding: at least half the board, a wholly independent audit committee, two thirds composition for nomination and remuneration, stakeholders relationship and risk management committees. SR shares are economically at par with ordinary shares but face voting limitations, a cap on total SR voting rights post-listing, treatment as ordinary equity for specific matters, conversion to ordinary voting shares on the fifth anniversary with possible extension, and compulsory conversion upon enumerated corporate events. Notifications SEBI Mon, 29 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=130394