AM Naik to Step down from L&T after 58 years of service
Anil Manibhai Naik, the legendary chairman of Larsen & Toubro (L&T), is stepping down as non-executive chairman after 58 years of association with the company. Naik is credited for overseeing the growth of L&T over several decades and stablished as India’s biggest infrastructure firm.
Swati Gupta appointed Independent Director of SBI
In a regulatory filing, the State Bank of India, India’s largest bank in terms of total assets, announced the appointment of Swati Gupta as a non-executive independent director on the bank’s board of directors. As per the company’s statement. With over 30 years of experience in adminis
SAT ruling likely to facilitate the appointment of Independent Directors
In a significant ruling related to the appointment of an independent director by Nectar Life Sciences, the Securities Appellate Tribunal (SAT) has ruled against the Securities and Exchange Board of India (SEBI) and NSE. The SAT clarified that a special resolution is not necessary for appointing a di
Company Directors, trustees, and nominee shareholders are now under Money Laundering Act
The Finance Ministry expanded the ambit of the Prevention of Money Laundering Act (PMLA) to include directors of a company, trustees of an express trust, and nominee shareholders of a company as reporting entities. This means that these individuals will be held responsible for any misconduct or viol
Suresh Talwar steps down from the board of Elantas Beck India Ltd
Suresh Narsappa Talwar has recently resigned as Non-Executive & Independent Director from Elantas Beck India Limited, effective May 9th, 2023. Talwar is a well-known figure in the corporate world and is associated with 14 companies, including Procter & Gamble Health Limited, Samson Maritime
Manish Kumar Agarwal appointed as CS at PFC
Manish Kumar Agarwal has been appointed as the new Company Secretary and Compliance Officer for Power Finance Corporation Limited, replacing Manohar Balwani, who retired from the company on April 4th. Agarwal took over the position on May 1st, 2023. Agarwal is a Law Graduate and a Fellow Member of t
Amarnath Ananthanarayanan resigned from the Board of Chemplast Sanmar Ltd
Amarnath Ananthanarayanan has resigned from his position as a Director on the Board of Chemplast Sanmar Ltd, effective May 09, 2023. He joined the company in March 2019 and holds a degree in economics from St. Stephen’s College, Delhi, as well as a Ph.D. from Rutgers University. With experienc
Suneel M. Raje ceases to be Independent Director at Indo Amines
Suneel M. Raje ceases to be an Independent Director at Indo Amines Limited effective May 08, 2023.
Sonal A. Rathod resigns as CS at Peninsula land
Sonal A. Rathod has resigned as Company Secretary and Compliance Officer from Peninsula land Ltd.
Bhagwan Dass Narang, CMD, and Jyothi Prasad, ID resigned from Shivam Autotech
Bhagwan Dass Narang has recently resigned from his position as Chairman and Independent Director at Shivam Autotech Limited. He was serving on the boards of seven other companies, including Shivam Autotech Limited, Ovington Finance Private Limited, and Karvy Financial Services Limited, among others.