https://www.taxtmi.com/article/detailed?id=9886 Proposal bars reappointment of persons rejected as Managing Director or Whole time Director unless the Nomination and Remuneration Committee provides a detailed recommendation and the board records reasons for appointment despite shareholder rejection; requires disclosure of the NRC recommendation and board reasons to stock exchanges promptly; mandates that shareholder approval be sought at the immediate next general meeting or within three months with an explanatory statement containing NRC and board justifications; and provides a post rejection disqualification period if shareholders again reject the candidature. en-us Tue, 06 Jul 2021 11:54:05 +0530 Tue, 06 Jul 2021 11:54:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9886 Proposal bars reappointment of persons rejected as Managing Director or Whole time Director unless the Nomination and Remuneration Committee provides a detailed recommendation and the board records reasons for appointment despite shareholder rejection; requires disclosure of the NRC recommendation and board reasons to stock exchanges promptly; mandates that shareholder approval be sought at the immediate next general meeting or within three months with an explanatory statement containing NRC and board justifications; and provides a post rejection disqualification period if shareholders again reject the candidature. Articles Corporate Laws / IBC / SEBI Tue, 06 Jul 2021 11:54:05 +0530 https://www.taxtmi.com/article/detailed?id=9886