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
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
CEO Humphries was dismissed without cause, says Cognizant
As per a regulatory filing, former CEO of Cognizant, Brian Humphries, was terminated without cause from his position, making him eligible for severance pay. His termination became effective on January 12, and he continued to serve as a special advisor until March 15. The company’s chairman, St
Mayank Holani, CFO Schneider Electric resigned
Mayank Holani, the CFO of Schneider Infrastructure has resigned from his position to pursue other opportunities outside the organisation effective from July 19, 2023. Holani is an accomplished and result-driven professional with over 20 years of experience in areas such as Accounts and Finance, Audi
Changes in the leadership team of IFB Industries
IFB Industries has announced changes in the leadership team. Ritesh Agarwal will join as Company Secretary and Compliance Officer effective from June 1, 2023. While Harsh Vardhan Sachdev has submitted his resignation from the position of CEO and Managing Director of the Engineering Division at the C
Independent directors’ exits are up 14.5%
In FY23, the number of independent directors leaving company boards grew by 14.5%. According to a report in The Financial Express, 881 IDs left their jobs in India during the previous fiscal year. Due to corporate fraud and accounting irregularities, independent directors are under heightened scruti
Beginning this FY, companies must keep an audit trail
New accounting regulations mandate that companies must maintain a complete and uninterrupted record of all changes made to their financial statements and are prohibited from deactivating the audit trail feature in their accounting software, starting from this fiscal year. The Companies (Accounts) Am
K Narasimha Murthy appointed Independent Director by Raymond
Narasimha Murthy has been appointed as an Independent Director for five years by Raymond Limited. The appointment was announced through an exchange filing and is effective from April 21. With a distinguished academic record, Murthy has been associated with more than 175 companies, covering more than
R.P.P. Infra’s Independent Director Rangasamy has resigned
R.P.P. Infra Projects Limited has reported that RangasamyKulanthasamy, an Independent Director, has resigned from his position on April 21, 2023, citing health reasons as the cause of his limited mobility. He is a qualified member of the Indian Institute of Bankers and holds a Master’s degree
