https://www.taxtmi.com/acts?id=39399 The Bill restructures LIC governance by vesting direction in a Board of Directors, prescribes Board composition and director qualifications, and adds provisions on disclosures, related party transactions and penalties to align corporate governance with listing requirements; it authorises issuance and transferability of equity shares to the Central Government and others, sets voting and register rules, recognises shares as securities, and reforms financial reporting, auditing, fund allocation and dividend procedures to enable listing and compliance with securities law. en-us Mon, 01 Feb 2021 19:42:27 +0530 Mon, 01 Feb 2021 19:42:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39399 The Bill restructures LIC governance by vesting direction in a Board of Directors, prescribes Board composition and director qualifications, and adds provisions on disclosures, related party transactions and penalties to align corporate governance with listing requirements; it authorises issuance and transferability of equity shares to the Central Government and others, sets voting and register rules, recognises shares as securities, and reforms financial reporting, auditing, fund allocation and dividend procedures to enable listing and compliance with securities law. Act-Rules Bills Mon, 01 Feb 2021 19:42:27 +0530 https://www.taxtmi.com/acts?id=39399