IiAS advises independent Directors to investigate accusations against Raymond’s promoters
A proxy advisory firm has recommended that the Independent Directors of Raymond Limited investigate the accusations against Chairman and Managing Director (CMD) Gautam Singhania, raised by his estranged wife Nawaz Modi.
Dabur Promoters’ Takeover Challenged by Religare’s Independent Directors
Religare Enterprises Limited’s Independent Directors have accused the Burmans, who made an open offer in September to acquire control, of fraud and breaches in a letter to regulators like RBI, SEBI, and IRDA.
Promoters are required to reveal familial pacts: Sebi
Promoters will no longer be able to conduct such transactions legally after July 15 if they fail to declare to exchanges any family settlement agreements or other arrangements that affect the management control of listed firms.
No More Permanent Board Seats for the Promoters of Listed Companies
Promoter directors in India will no longer enjoy permanent board seats. As the new LODR (Listing Obligation and Disclosure Requirements) regulations have come into effect on 13th July 2023
