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MUMBAI, DECEMBER 15: The Securities and Exchange Board of India, which has spelt out the conditions under which promoters of companies may be reclassified as public shareholders, has provided five situations which may result in a request for reclassification. Acquisition by another The first is that of promoters who seek reclassification after the company has been
Learn MoreNEW DELHI, DECEMBER 15: The Government will revisit the food safety Act to make it more stringent to check growing instances of adulteration and contamination. “Two days ago, we set up a task force, which will submit its suggestions in 45 days, which will be then be put up in public domain for inviting comments. Imported
Learn MoreBS REPORTER Mumbai, 15 December The Securities and Exchange Board of India ( Sebi) could take are- look at the recently- introduced delisting regulations, its chief hinted on Monday. “Many have problems with one aspect of the regulation… We will see how it pans out. If required, we will have a re- look. But first see how
Learn MoreBS REPORTER Mumbai, 15 December As a step to ease the pressure on stressed assets, the Reserve Bank of India has allowed lenders to restructure existing loans above 500 crore to infrastructure and core industries’ projects. Banks and financial institutions will have an option to periodically refinance such loans. Bankers said the revised norms will provide relief
Learn MoreSection 168, the Companies Act, 2013: Resignation of directors Corresponding sections of the Companies Act, 1956: None this is a newly introduced section. DIRECTORS RESIGNATION UNDER COMPANIES ACT, 2013:- The Director intending to resign shall send notice in writing to the Company. The resignation of a director shall take effect from: The date on which the
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