I am sharing the recent amendments in Clause 49 of the Equity Listing Agreement announced by SEBI resulting in Corporate Governance Norms.
The circular may kindly be read by clicking on the following link
Some of the key highlights are as follows:
1] Appointment of Woman Director made applicable effective 1st April, 2015
2] Maximum tenure of Independent Directors to be in accordance with Companies Act, 2013
3] Need for Familiarisation Programme for Independent Directors
4] Chairperson of the Company can become member of the Nomination and Remuneration Committee but shall not chair the same
5] Condition on disposal of shares by a Company to its material subsidiary
6] Constitution of Risk Management Committee
7] Amendments in Related Party Transaction clause
Circular is also attached for your reference.
CAclubindia
