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	<title>TaxGuru &#187; CLAUSE 49</title>
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		<title>Provision to Appoint Independent Directors governed by clause 49 of the Listing Agreement not by Companies Act</title>
		<link>http://taxguru.in/company-law/provision-to-appoint-independent-directors-governed-by-clause-49-of-the-listing-agreement-not-by-companies-act.html</link>
		<comments>http://taxguru.in/company-law/provision-to-appoint-independent-directors-governed-by-clause-49-of-the-listing-agreement-not-by-companies-act.html#comments</comments>
		<pubDate>Fri, 07 May 2010 01:30:49 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Company Law]]></category>
		<category><![CDATA[CLAUSE 49]]></category>
		<category><![CDATA[independent directors]]></category>
		<category><![CDATA[Listing Agreement]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=27011</guid>
		<description><![CDATA[The Government has said that the Companies Act, 1956 does not provide for appointment of Independent Directors. But, as per clause 49 of the Listing Agreement, all the listed companies are required to appoint Independent Directors. Giving this information in written reply to a question in the Lok Sabha today, the Minsiter for Corporate Affairs,]]></description>
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		<slash:comments>1</slash:comments>
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		<title>Soon unlisted companies may have to follow corporate governance rule</title>
		<link>http://taxguru.in/company-law/soon-unlisted-companies-may-have-to-follow-corporate-governance-rule.html</link>
		<comments>http://taxguru.in/company-law/soon-unlisted-companies-may-have-to-follow-corporate-governance-rule.html#comments</comments>
		<pubDate>Fri, 23 Apr 2010 12:13:59 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Company Law]]></category>
		<category><![CDATA[CLAUSE 49]]></category>
		<category><![CDATA[corporate governance norms]]></category>
		<category><![CDATA[The Companies Bill 2009]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=26083</guid>
		<description><![CDATA[The government on Wednesday said that the Securities and Exchange Board of India (Sebi) guidelines which require listed companies to meet corporate governance norms for best practices in management may now be extended to unlisted companies as well.]]></description>
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		<slash:comments>5</slash:comments>
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		<title>Government s likely to introduce a fixed time-frame for nomination of independent directors in state-run companies</title>
		<link>http://taxguru.in/company-law/government-s-likely-to-introduce-a-fixed-time-frame-for-nomination-of-independent-directors-in-state-run-companies.html</link>
		<comments>http://taxguru.in/company-law/government-s-likely-to-introduce-a-fixed-time-frame-for-nomination-of-independent-directors-in-state-run-companies.html#comments</comments>
		<pubDate>Wed, 03 Feb 2010 09:07:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Company Law]]></category>
		<category><![CDATA[CLAUSE 49]]></category>
		<category><![CDATA[independent directors]]></category>
		<category><![CDATA[Listing Agreement]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=20426</guid>
		<description><![CDATA[With the aggressive disinvestment of PSUs being planned for the coming months, the government is likely to introduce a fixed time-frame during which the nomination of independent directors should be completed by state-run companies.]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Do Independent directors really independent?</title>
		<link>http://taxguru.in/company-law/do-independent-directors-really-independent.html</link>
		<comments>http://taxguru.in/company-law/do-independent-directors-really-independent.html#comments</comments>
		<pubDate>Thu, 21 May 2009 14:37:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Company Law]]></category>
		<category><![CDATA[bombay stock exchange]]></category>
		<category><![CDATA[CLAUSE 49]]></category>
		<category><![CDATA[corporate governance]]></category>
		<category><![CDATA[corporates]]></category>
		<category><![CDATA[friends and neighbours]]></category>
		<category><![CDATA[initial public offerings]]></category>
		<category><![CDATA[market regulator]]></category>
		<category><![CDATA[Promoters]]></category>
		<category><![CDATA[relatives]]></category>
		<category><![CDATA[sunil gavaskar]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=8384</guid>
		<description><![CDATA[More than seven of 10 independent directors sitting on the boards of listed companies to improve corporate governance are &#8220;home&#8221; members, while only few women make it to such positions, says a study.&#8221;Nearly 75 per cent of all independent directors are &#8216;home&#8217; members whoare natural allies of the promoters are not independent in any sense,&#8221; [...]]]></description>
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		<slash:comments>2</slash:comments>
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		<title>Sebi Amends Clause 49 of The Listing Agreement That Deals With Corporate Governance Norms</title>
		<link>http://taxguru.in/sebi/sebi-has-made-amendments-to-clause-49-of-the-listing-agreement-that-deals-with-corporate-governance-norms.html</link>
		<comments>http://taxguru.in/sebi/sebi-has-made-amendments-to-clause-49-of-the-listing-agreement-that-deals-with-corporate-governance-norms.html#comments</comments>
		<pubDate>Fri, 31 Oct 2008 13:59:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[SEBI]]></category>
		<category><![CDATA[amendments]]></category>
		<category><![CDATA[CLAUSE 49]]></category>
		<category><![CDATA[clauses]]></category>
		<category><![CDATA[corporate governance norms]]></category>
		<category><![CDATA[independent directors]]></category>
		<category><![CDATA[listed company]]></category>

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		<description><![CDATA[The amendments have been made after representations from entities requested Sebi to bring about further clarity on the amendment (made on April 8) where the promoter of a listed company is a listed or an unlisted entity. A Sebi release said, “If the promoter is a listed entity, its directors —other than the independent directors, its employees, or its nominees — shall be deemed to be related to it.” But, “if the promoter is an unlisted entity, its directors, employees or nominees shall be deemed to be related to it.”]]></description>
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