18 April 2009
Dear Friends, a warm greeting to all.
Can any one please tell me that whether a Listed Company (Trading Suspended form last many years)which is a sick company having no business, has to follow the corporate governance norms prescribed by the Clause 49 of the Listing Agreements. Is it mandatory to follow for such company.
18 April 2009
Yes. Every Listed company has to give separate section on Corporate Governance in the Annual Reports of the company. Also if in the given case the company having no business and scrip has been suspended, the compliance of Corporate Governance will show that the company has good intention to carry on the business and is transparent in the procedures defined.
CAclubindia
