SEBI tightens disclosure norms for companies involved in M&A
The Securities and Exchange Board of India (SEBI) has directed listed companies to make accurate and timely disclosures related to mergers and acquisitions (M&A) and asked stock exchanges to be more vigilant. Exchanges have been instructed to monitor share price movements and investor activity b
Sudhakar Saraswatula to Teach a Course on Governance at ISB
Sudhakar Saraswatula has been invited to teach “Corporate Governance for Startups and Entrepreneurial Firms” and “Corporate Governance for large family-controlled Companies” at ISB. He will be teaching the class of “Post Graduate Programme in Management for Family Business.” Sudhakar is
Pavitra Rajaram appointed as the Independent Director
Pavitra Rajaram has been appointed as an Independent Director for Gokaldas Exports Ltd. effective April 26, 2023, and will serve for a term of 5 years. She is the founder and Creative Director of Pavitra Rajaram Design, a multidisciplinary design practice that covers architecture & interior desi
SEBI warns trustees of VC funds over investment lapses
The Securities & Exchange Board of India (SEBI) has issued show cause notices to IDBI Trusteeship Services and Vistra, two trustee companies, in connection with investment lapses by venture capital funds. Even though trustees do not have a role in the day-to-day functioning of alternative invest
U.K. Sinha appointed as Chairman of NAM India
The Board of Directors of Nippon India Life Asset Management Ltd. (NAM India) has approved the appointment of U.K. Sinha as an Independent Director & as Chairman of the Board, with effect from May 1, 2023. Sinha, a 1976 batch IAS officer is an ex-Chairman of the market regulator SEBI. He had ear
Efficient controls are crucial to prevent persistent fraud, states MCA
The government has warned that frauds are likely to persist as the economy grows, citing recent scams involving mobile apps, and has urged companies to implement effective controls and governance frameworks to prevent such frauds. During the current fiscal year, the capacity of the Serious Fraud Inv
Nanda steps down from Mahindra after 50 years
Arun Nanda, who is credited with building Mahindra Holidays & Resorts into a global company, has announced his retirement as its chairman after 50 years of service. Nanda, aged 74, informed the board that he will retire at the annual general meeting on July 25, in compliance with the age limit f
Karur Vysya Bank appoints Chinnasamy Ganesan as Independent Director
Chinnasamy Ganesan has been appointed as an Additional Independent Director at Karur Vysya Bank Ltd. With over 34 years of experience in the field of audit, he has worked with Indian and multinational clients across various sectors such as automotive, IT/ITES, telecom, consumer markets, banking, and
Anant Maheshwari appointed as Chairperson of NASSCOM
Anant Maheshwari, the President of Microsoft India, has been appointed as the new chairperson of the National Association of Software and Services Companies (NASSCOM) for 2023-24, succeeding Krishnan Ramanujam of Tata Consultancy Services. Rajesh Nambiar, Chairman and Managing Director of Cognizant
Shareholders reject proposals Sobha shareholders vote against resolution for increased remuneration to Ravi Menon
The shareholders of Sobha Ltd have turned down two special resolutions proposed by the company. These resolutions aimed to increase the remuneration of non-executive directors and the chairman, Ravi PNC Menon. To be approved, each resolution needed at least 75% of votes in favour. However, less than
