https://www.taxtmi.com/acts?id=39685 The Act vests the Corporation's general superintendence in a Board of Directors, prescribes its composition and appointment routes (including Chairperson, CEO MD, managing directors, government nominees, member elected directors and independent directors), sets independence and pre appointment checks, lists director disqualifications, requires recurring disclosures by directors and senior management, regulates related party transactions with Board consent, materiality thresholds and reporting to members, makes undisclosed or conflicted contracts voidable, prescribes penalties and recovery for contraventions, and empowers a Central Government adjudicating officer with civil court powers and an appellate mechanism. en-us Tue, 30 Mar 2021 15:50:28 +0530 Wed, 07 Apr 2021 12:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39685 The Act vests the Corporation's general superintendence in a Board of Directors, prescribes its composition and appointment routes (including Chairperson, CEO MD, managing directors, government nominees, member elected directors and independent directors), sets independence and pre appointment checks, lists director disqualifications, requires recurring disclosures by directors and senior management, regulates related party transactions with Board consent, materiality thresholds and reporting to members, makes undisclosed or conflicted contracts voidable, prescribes penalties and recovery for contraventions, and empowers a Central Government adjudicating officer with civil court powers and an appellate mechanism. Act-Rules F. Acts / Amendment Acts Tue, 30 Mar 2021 15:50:28 +0530 https://www.taxtmi.com/acts?id=39685