Independent directors have been in the eye of the storm for their inability to guide companies or being able to stand up to controlling shareholders
In October last year, Infosys had informed stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management
The move is in line with the Securities and Exchange Board of India's (Sebi's) guidelines on business continuity plan (BCP) and disaster recovery
Finance Minister Nirmala Sitharaman also tweeted about Sebi's move to ease the compliance requirement for listed companies.
Yields spike amid FII selling in short-term bond market
The regulator said exchange can be master in one instead of jack of all
If you are paying a personal/home loan or doing SIPs, shift ECS mandate to another bank. It just might make sense to have one account with a nationalised bank
Candidates can apply for the posts through online mode only and the application window is opened from March 7-23, the regulator said in a notice.
The move is aimed at reducing concentration of custodial services for gold or related instruments, Sebi said
One of Sebi's key objectives is to protect investor interest and market integrity.
According to Sebi, creation of an identified charge by NBFCs will enable liquidation of asset and return of debt quickly to the investors in the event of any default
The current mechanism involves registration with different ESPs and maintenance of multiple user IDs and passwords by shareholders
The firm, which hit a stonewall thrice over its sponsorship bid, finally informed Sebi of its decision to withdraw due to a drop in Sahara MF's net worth and exit of top execs
Sebi has also allowed a combined relevant experience of at least 30 years of directors, partners and employees of the investment manager, even if it is a newly created entity
Instead of transacting through MF houses, they can buy and sell direct plans from the exchanges
Election strategist Prashant Kishor, who helped the AAP, is helping the Trinamool
Before this, Sebi allowed investment advisors and mutual fund distributors to use stock exchanges for sale and purchase of MFs
In November, the watchdog barred KSBL from taking new brokerage clients after it was found that the brokerage firm had allegedly misused clients' securities to the tune of more than Rs 2,000 crore.
Sebi has also suggested that NBFCs create charge on the identified assets for every bond issue
Market regulator SEBI has to submit a report to the Finance Ministry on the current Budget proposal to consider raising the current threshold of 25% to 35%