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
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.
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.
Rajiv Krishan Luthra, ceases as Non-Executive Independent Director at DLF Ltd
Rajiv Krishan Luthra has ceased as Non-Executive Independent Director from the Board of DLF Limited.
Harshi Rastogi steps down as Company Secretary of Akzo Nobel
Effective July 7, 2023, Harshi Rastogi has resigned from her position as Company Secretary and Compliance Officer at Akzo Nobel India Ltd. With over 20 years of experience in various industries, she has expertise in areas such as corporate governance, compliance, taxation, and mergers and acquisitio
Aparna Sharma Appointed as an Additional Director, Non-Executive, Independent Director on the Board of Rossari Biotech
Ms. Apama Sharma entered the corporate world through NOCIL and progressed through several Human Resources responsibilities in companies such as Monsanto, Novartis, UCB, Deutsche Bank, Lafarge, and Greaves Cotton are among the companies involved. Ms. Aparna has effectively served as a learning partne
Vinod Adani quits three firms linked to Adani’s Carmichael mine in Australia
Vinod Adani, the brother of billionaire Gautam Adani, has reportedly resigned from three companies associated with the Carmichael mine in Australia. This move comes after allegations of wrongdoing were made against him and the Adani Group by US-based short seller Hindenburg earlier this year. The Ad
N Kamakodi reappointment as MD & CEO of City Union Bank
On Wednesday, RBI granted the approval for the reappointment of N Kamakodi as the Managing Director and CEO for another three-year term starting from May 1, 2023, City Union Bank, a private sector bank in Tamil Nadu, announced. The bank stated that the decision was made based on the recommendation o
Aravind Maiya named the new CEO of Embassy REIT
Aravind Maiya has been appointed as the new Chief Executive Officer of Embassy Office Parks REIT. Maiya will take up his position from July 1, 2023, replacing Vikaash Khdloya at the first listed REIT in India and the largest office REIT in Asia by area. Khdloya will step down as CEO on June 30, 2023
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
