Markets regulator Sebi on Friday proposed tweaking its format for disclosure of corporate governance framework by High Value Debt Listed Entities (HVDLE). An entity having outstanding value of listed non-convertible debt securities of Rs 1,000 crore are referred to as 'High Value Debt Listed Entities'. Under the proposal, an HVDLE should submit a secretarial compliance report in such form as specified by Sebi, to stock exchanges, within 60 days from end of each financial year, the regulator said in its consultation paper. Further, the HVDLE should submit a periodic compliance report on corporate governance to the recognized stock exchanges within 21 days from the end of the period along with details of all material transactions with related details of all material transactions with related parties. With regard to the disclosure and obligations of HVDLEs in relation to Related Party Transaction (RPT) , it has been suggested to specify the information should be placed before the audi
Vodafone Idea lowers qualifying threshold for promoters in shareholders' pact to retain governance rights after government stake rises to 48.9 per cent
Companies and boards face a complex regulatory environment. AI can assist them by monitoring regulations and ensuring accurate financial reporting
Investors feel that the Gensol-Blusmart saga could potentially slow down funding momentum in the short term
Today's opinions track regulatory practices and reforms that are required across key sectors of the Indian policy-scape.
Regulators under the Ministry of Corporate Affairs need reform to match the empowerment and autonomy of financial sector regulators
Notably, no BSE 100 company fell into the "basic" (lowest) governance category for the first time
Ensuring manufacturing growth consistent with our development aims requires the government becoming less entrepreneurial and the corporations becoming much more entrepreneurial
The survey showed 44 per cent of the Nifty 100 companies had between 50 and 74 per cent of NEDs, up from 35 per cent in FY21
Markets regulator Sebi has proposed tweaking framework for ESG Rating Providers (ERPs), particularly for those using a subscriber-pays model, including an exemption from the requirement to disclose ESG ratings to stock exchanges. Additionally, the regulator has suggested that ERPs using a subscriber-pays model should share ESG (Environmental, Social, and Governance) rating reports with both subscribers and the rated issuer simultaneously. This policy should be publicly disclosed. ERPs should ensure that rated entities, their group companies, or associates cannot subscribe to their own ESG ratings, Sebi said in its consultation paper. These proposals are aimed at enhancing the clarity, transparency, and regulatory alignment of ESG ratings within Sebi's framework. The Securities and Exchange Board of India (Sebi) had introduced regulations for ERPs in July 2023, but ERPs have sought clarifications on certain provisions, particularly for those using a subscriber-pays model, and ...
National Financial Reporting Authority (NFRA) Chairperson Ajay Bhushan Prasad Pandey on Thursday underscored the need for improving corporate governance and aligning Indian auditing with global standards to attract investors. Observing that there is a need to continue to take cognizance of corporate governance reforms, he said company management, independent directors and audit committee, statutory auditors, shareholders, and regulators constitute five lines of defence to improve corporate governance. "It is our collective responsibility...we should continue to create trust. Improve the corporate governance, and we should work in that direction," he said, addressing an event organised by industry chamber Assocham here. Adopting global auditing standards would improve the trust of global investors in the Indian economy, which is on its way to becoming the third largest from the present fifth position, he said. Making a pitch to align Indian audit practices with the global standards,
Political acceptability comes more readily to a govt visibly involved in supporting non-corporate private sector, reducing income inequalities and regional disparities, and addressing caste concerns
The short seller alleges 'surreptitious aid' to Adani Group by Sebi
Fund houses are becoming assertive in general and the trend could be helping corporate governance
Rotation within group firms, replacing father with sons, and roping in ex-staffers among innovative ways used by companies to replace independent directors (IDs)
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As the Indian economy progresses towards the USD 5 trillion target over the next two years and the USD 10 trillion target by 2030, the demand for company secretaries will be tremendous to manage the inflow of capital both from the Indian and international investors, a top domain expert said on Friday. "We have to increase the pool of Company Secretaries (CS) to 95,000 by 2030 and to 1.4 lakh by 2047, the year of Viksit Bharat economy driven by capital flow and the government-initiated infrastructure development, B Narasimhan, President of the Institute of Company Secretaries of India (ICSI), said here. Currently, ICSI has around 70,000 CS members and over 2 lakh students, he told PTI. Narasimhan gave an insight into the aspects resonating with the Indian economy. We, as CS, are the most recognised profession in the capital market, handling compliances across the board of listed and unlisted companies. SEBI has appointed us as the compliance offices and it is mandatory, he said. Ca
As of December 2023, IiAS reported the strongest Corporate Governance Score performance for BSE100 since assessments commenced in 2016
Many of today's Indian conglomerates also began life this way. In 1958, more than a decade after the departure of British rulers, the Tata Group had nine agencies managing 60 companies
Musk said states such as Nevada and Texas, where Tesla's headquarters is located, are "better for letting shareholders decide" corporate-governance issues such as pay packages