Tag Archives: Consultative Paper On Review Of Corporate Governance Norms In India

MY COMMENTS ON CORPORATE GOVERNANCE FRAMEWORK PROPOSED BY SEBI


(UPDATE: on 30th August 2013: Companies Bill became the Companies Act, 2013 (Act 18 of 2013).

I have mailed my comments on corporate governance framework proposed by SEBI in “Consultative Paper on Review of Corporate Governance Norms in India” and SEBI has acknowledged the receipt. You can read summary of this framework at my earlier blog here if not already read it.  Now, I am producing a copy my comments as my initiative towards healthy debate, here:

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CORPORATE GOVERNANCE: REGULATORY FRAMEWORKS UNDER CONSIDERATION


After introduction and passing of Companies Bill 2012 in Lok Sabha, many changes in corporate governance scenario is bound to happen. Many provisions of Clause 49 of listing agreement, which deals with corporate governance in listed companies, are being brought into main law to fill governance gap between listed companies and their other counterparts.  Following provisions have been added into present Companies Bill:

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