SAT overturns SEBI’s punishment of NSE and former CEOs in the Co-location case
The Securities Appellate Tribunal (SAT) has overturned market regulator SEBI’s order of February 2021. The Securities and Exchange Board of India (SEBI) had imposed a penalty of Rs 1 Cr on the NSE and a separate penalty of Rs 25 lakh each on the exchange’s former chiefs Ravi Narain and Chitra Ra
BF Investment appoints Gayatri Pendse Karandikar as Company Secretary
Gayatri Pendse Karandikar is appointed the Company Secretary & Compliance Officer of BF Investment Ltd on 17th July 2023. Her appointment will come into effect from 1 August2023. She replaces Satish Kshirsagar.
Karur Vysya Bank reappointed B Ramesh Babu as MD & CEO
The Reserve Bank Of India has approved the reappointment of B Ramesh Babu as Managing Director and Chief Executive Officer of Karur Vysya Bank on 15th July 2023.
After resigning as MD, Uday Kotak will be a non-executive Director on the Bank’s board
After leaving his full-time position at Kotak Mahindra Bank, billionaire banker Uday Kotak, the founder of India's fourth largest private sector lender, will become a non-executive board member. Kotak stated that the alignment and dedication of the shareholders, board, and management will help the b
Sebi establishes a regulatory framework for listed companies’ value chain ESG reporting
SEBI's recently released legal framework for listed firms regarding ESG (Environment, Social, and Governance) disclosures on supply chain and assurance would also include upstream and downstream partners.
G. L. Mirchandani the Independent Director of KEC International resigns
KEC International Ltd announced the resignation of G. L. Mirchandani the Independent Director on 15th July 2023.
Trident Texofab’s Independent Director Vrusti Bhumik Patel resigns
VrustiBhumik Patel the Independent Director of Trident Texofab Ltd has resigned from his post on 15th July 2023.
Thyrocare Technologies’ CFO quits
Sachin Salvi has tendered his resignation from the post of Chief Financial Officer of Thyrocare Technologies Ltd for exploring other career opportunities, the company said in a statement. Salvi’s resignation will take effect from the closure of business hours on July 31, 2023.
The Ministry of Corporate Affairs to Withdraw 7,338 Prosecutions
The decision to withdraw 7,338 prosecutions under the companies' law, which are currently pending before various courts, has been made by the corporate affairs ministry
Sanjiv Sachar Appointed as Additional Non-Executive Independent Director by Info Edge
Sanjiv Sachar has been appointed as an additional non-executive independent director by Info Edge India Limited on July 15, 2023, pending the necessary approval from the members.
