corporate governance norms

Capital markets regulator Sebi has called for greater regulatory authority in the governance of listed companies. It has asked the ministry of corporate affairs to expand its ambit on all matters of regulating listed companies in the amendments to the Companies Act. In particular, it wants power to regulate matters related to issue and transfer of securities and non-payment of dividends by listed companies, said a senior official in the regulator. Full Article

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. Full Article

The government today said it will try to harmonise the voluntary corporate governance norms with the new Companies Act and is open to make the existing guidelines more effective. Full Article

Its that time of the year when we are busy reflecting on our past and setting new goals for our future. Its that time of the year when fresh resolutions are being listed and plans for achieving greater prosperity are being inked. Welcome to 2010 the last year of the first decade of the new millennium. The New Year is a fresh beginning, a beginning that is filled with positive prospects for all of us. It is frequently said that 'stronger the foundation, higher the buildi.. Full Article

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, em.. Full Article