Supreme Court: Calling Someone ‘Bastard’ In Heated Exchange Isn’t Obscenity under IPC Section 294  ||  Supreme Court: Even a Single Tainted Public Work Award Violates Article 14  ||  Supreme Court Upholds Lease Cancellation, Denies Relief for Failure to Develop Allotted Land  ||  Supreme Court Quashes Medical Negligence Case, Says Surgeon Best Placed To Choose Procedure  ||  Supreme Court: Sajjadanashin of a Dargah and Mutawalli of a Waqf are Distinct Roles  ||  Supreme Court: Criminal Proceedings Can be Quashed if Reliable Evidence Disproves Allegations  ||  Delhi HC: Promises by CM at Press Conferences are Not Legally Enforceable Without Policy Support  ||  Allahabad HC: Challenges to Tribunal Orders Must be Filed in the HC With Territorial Jurisdiction  ||  Allahabad HC: Challenges to Tribunal Orders Must be Filed in the HC With Territorial Jurisdiction  ||  J&K&L HC: Historical Books Cannot Establish Private Property Titles under Section 57 Evidence Act    

Split of position of Chairperson and Managing Directors in listed companies- (Press Information Bureau) (24 Jul 2018)

MANU/PIBU/1104/2018

Capital Market

The Securities and Exchange Board of India (SEBI), based on the recommendations of Kotak Committee on Corporate Governance, has amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 splitting the positions of the Chairperson and Managing Director, to start with, for top 500 listed companies on the basis of market capitalization effective from 01.04.2020. The first proviso to section 203(1) of Companies Act, 2013 provides that an individual shall not be appointed/reappointed as the chairperson of a company as well as its MD/CEO at the same time unless the articles of such company provide otherwise or the company does not undertake multiple businesses. The time-frame for implementation is to allow adequate transition time to companies to comply with the new requirement.

Tags : SPLIT   POSITION   CHAIRPERSON   MANAGING DIRECTORS  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved