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PECUNIARY RELATIONSHIP
Avoid cap on remuneration of independent directors: CII to govtThe total remuneration of non-executive directors, including independent directors, is capped by Section 197 of the Companies Act, 2013.23 Dec, 2018, 04.26 PM IST- Ministry of corporate affairs weighs proposal to update Companies ActSeveral offences that are essentially procedural and technical lapses have been proposed to be shifted to in-house adjudication mechanism, ...24 Oct, 2018, 08.14 AM IST
- Sebi allows debt issuers to review credit rating by agenciesThe move is aimed at enhancing the governance, accountability and functioning of credit rating agencies (CRAs).30 May, 2018, 09.22 PM IST
- What is the value of a royal selfie moment?Selfies clicked today, stored and disseminated via smartphones are the favoured mode of chronicling personal milestones.30 May, 2017, 12.38 AM IST
- Government notifies regulations for voluntary liquidationCompanies, limited liability partnerships and any other persons incorporated with limited liability can opt for voluntary liquidation.23 May, 2017, 06.30 PM IST
- Independent directors must safeguard minority shareholders' interest, resolve conflictLast week, all six independent directors of Indian Hotels Company (the Taj Group) backed Mistry's leadership.07 Nov, 2016, 12.01 PM IST
- Insurers must disclose pay details of top executives, says IRDAI"All pecuniary relationships or transactions of the non-executive directors vis-à-vis the insurance company shall be disclosed in the annua...27 May, 2016, 12.15 PM IST
- Government introduces bill to ease rules for India IncThe amendments moved in the Lok Sabha have also sought to increase penalty for auditors by linking certain fines to the size of the offence...17 Mar, 2016, 12.40 PM IST
- US opposes Rajat Gupta's plea to reverse convictionPreet Bharara, representing the Southern District of New York, submitted an affidavit to oppose Rajat Gupta's plea to throw out his convict...04 Apr, 2015, 11.31 AM IST
- Government provides clarity on independent directors' tenureAn independent director can have a maximum of two tenures of five consecutive years (a total of ten years), with a cooling off period of th...10 Jun, 2014, 02.08 PM IST
- Rajat Gupta not liable to Goldman for Rajaratnam tips: US courtThe lawsuit brought by Goldman investor was dismissed by US Court which said that Mercer had failed to prove that Gupta was a beneficial ow...09 Apr, 2013, 08.49 AM IST
- Companies Bill, 2011: Independent directors will be stripped off post in firms with which they have significant business relationshipThe law will make it difficult for them to hold board positions as independent directors of cos with which their firms have a significant b...03 Mar, 2012, 08.22 AM IST
- Interests of MPs in various companies should be disclosed:CICPecuniary interests of Members of Parliament in various companies should be made public as it would help people keep "a better watch" on th...07 Jun, 2011, 02.46 PM IST
- SEBI, MCA may clash over Companies BillPotential areas of conflict include insider trading, independent directors and delisting of publicly-traded companies.04 Sep, 2010, 05.58 AM IST
- No direct involvement, no recovery of monetary loss: CATGovernment cannot recover the amount from its employee for the monetory loss caused to it by his negligence if he is not directly responsib...10 Aug, 2009, 06.06 PM IST
- PSU independent director norms fixedThe government has stipulated that independent directors should comprise at least half of the boards of public sector undertakings (PSUs) i...09 Mar, 2007, 03.06 AM IST
- No threat to sitting directors' tenureThe Naresh Chandra Committee recommendation of capping the maximum tenure for an independent director at nine years or three terms of three...21 Feb, 2003, 04.25 AM IST
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