Split of position of Chairperson and Managing Directors in listed companies

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....plit of position of Chairperson and Managing Directors in listed companies <br>News and Press Release<br>Dated:- 24-7-2018<br><BR>Ministry of Corporate Affairs Posted On: 24 JUL 2018 6:00PM by PIB De....

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....lhi The Securities and Exchange Board of India (SEBI), based on the recommendations of Kotak Committee on Corporate Governance, has amended the SEBI (Listing Obligations and Disclosure Requirements) ....

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....Regulations, 2015 splitting the positions of the Chairperson and Managing Director, to start with, for top 500 listed companies on the basis of market capitalization effective from 01.04.2020. The fi....

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....rst proviso to section 203(1) of Companies Act, 2013 provides that an individual shall not be appointed/reappointed as the chairperson of a company as well as its MD/CEO at the same time unless the ar....

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....ticles of such company provide otherwise or the company does not undertake multiple businesses. The time-frame for implementation is to allow adequate transition time to companies to comply with the ....

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....new requirement. This was stated by Shri P.P. Chaudhary, Union Minister of State for Corporate Affairs in written reply to a question in Rajya Sabha today. **** DSM/RM/KMN<BR> News - Press release ....

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....- PIB....