Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Stock Exchange Board of India (hereinafter referred as 'SEBI') has setup up committee under the chairmanship of Shri Uday Kotak, Executive Vice Chairman and Managing Director of Kotak Mahindra Bank on 2nd June, 2017, to advice on issues relating to corporate governance.

The committee was further required to submit the report within the period of four months and after followed meetings and discussions carried, the 23 Members of committee submitted its 177 pages report on Thursday, 05th October, 2017 to SEBI which had invited public comments on the proposed recommendations till November 2014.

The report of the committee is divided in 11 Chapters and various Annexures; approach has been made to focus on addressing immediate challenges and gaps in governance.

Please find link of original report: http://www.sebi.gov.in/reports/reports/oct-2017/report-of-the-committee-on-corporate-governance-for-public-comments_36178.html

Chapter I


Number of Board of Directors

(w.e.f 1st October, 2018)

Minimum 6 Directors recommended on BOD of Listed Entity.

(As per the provisions of the Companies Act,2013 and rules prescribed therein minimum 3 directors were required in public company and No specific provision existed in SEBI LODR Regulations)

Gender Diversity (w.e.f 1st October, 2018)

At least 1 Independent Women Director recommended on BOD.

(As per the provisions of the Companies Act,2013 and rules prescribed therein and as per provision existed in SEBI LODR Regulations [17(1)(a)] it requires one women director on its BOD)

Minimum Attendance Criteria (w.e.f 1st April, 2018)

At least 50% attendance in meeting of the total number of board meetings over two consecutive financial years on a rolling basis, commencing from the financial year immediately succeeding the date of appointment. His/her Continuance on the board shall be subject to ratification by the shareholders at the next annual general meeting (notwithstanding the nature of directorship).

(As per the provisions of the Companies Act,2013 and rules prescribed therein it calls for the automatic vacation of the office of director if a

director is absent from all meetings of the board of directors held during a 12-month period No specific provision existed in SEBI LODR Regulations)

Disclosure of Expertise/ Skills of Directors

(w.e.f. FY ending March 31, 2019/March 31,

2020 as applicable)

It requires to list the competencies/expertise that it believes its directors should possess

It requires disclosing the list of competencies/expertise that its board members actually possess.

As required in the context of its business (es) and sector(s) for it to function effectively.

(As per the provisions of the Companies Act,2013 and rules prescribed therein and SEBI LODR Regulations require the disclosure of a brief profile of a director on his/her appointment, including expertise in specific functional areas. However, there is no specific requirement under the Companies Act or SEBI LODR Regulations for listed entities)

Approval for Non-executive Directors (NED) on Attaining a Certain Age

(w.e.f 1st October, 2019)

Special resolution will be required for the appointment/continuation of NEDs on attaining the age of 75 years for the relevant term along with the justification for appointing such a person.

(The Companies Act provides that a person may be appointed/continue as Managing Director (hereinafter referred to as 'MD'), whole-time director or manager on attaining the age of 70 years by passing a special resolution. However, no such provision exists for non-executive directors)

Minimum Number of Meetings

(w.e.f 1st April, 2018)

At least 5 Board Meetings within maxim gap of 120 days.

At least 1 Board meeting to carry specifically discussion on strategy, budgets, board evaluation, risk management, ESG (environment, sustainability and governance) and succession planning

(As per the provisions of the Companies Act,2013 and rules prescribed therein and SEBI LODR Regulations only 4 board meetings were required within maxim gap of 120 days)

NED Engagement with the Management

(w.e.f 1st April, 2018)

Recommended that at least once every year, an interaction should be required between the NEDs and senior management

(No specific provisions under Companies Act, 2013 and SEBI LODR Regulations_

Quorum for Board Meetings

(w.e.f 1st October, 2018)

Presence of at least one independent director in every board meeting and minimum of three directors or one-third of the total strength of the board of directors, whichever is higher,

(As per the provisions of the Companies Act,2013 it requires 2/3 of the total strength of the board of directors or two directors, whichever is higher, for every board meeting and No specific provision existed in SEBI LODR Regulations)

Separation of the Roles of Non-executive Chairperson and Managing


(w.e.f. April 1, 2020/April 1, 2022, as applicable)

Listed entities with more than 40% public shareholding should separate the roles of Chairperson and MD/CEO with effect from April 1, 2020.

After 2020, SEBI may examine extending the requirement to all listed entities with effect from April 1, 2022

(As per the provisions of the Companies Act,2013 provided the individual cannot be appointed/reappointed as the chairperson of a company as well as its MD/CEO at the same time unless provided as prescribed and SEBI LODR Regulations do not mandate a separation of the posts of chairperson and chief executive officer of the listed entity but state that it is a discretionary requirement)

Maximum Number of Directorship

(w.e.f. April 1, 2019/April 1, 2020,as applicable)

It recommends that the maximum number of directorships in listed entities should be reduced to seven(irrespective of whether the person is appointed as an independent director or not).

(The Companies Act provides that the maximum number of public companies in which a person can be appointed as a director shall not exceed ten. SEBI LODR Regulations state that a person shall not serve as an independent director in more than seven listed entities and if the director is a whole time director in one listed entity, then he/she can't serve as an independent director in more than three listed entities.)

Chapter II


Minimum Number of Independent Directors

At least 50% of BOD shall comprise Independent Directors

1. with effect from April 1, 2019, for the top 500 listed entities

2. With effect from April 1, 2020, for all listed entities.

(the Companies Act requires every listed company to have at least one-third of total number of directors as IDs and SEBI LODR Regulations impose stricter obligations that require at least half of the total directors of the board of a listed entity to be IDs if the Chairperson is executive/related to the promoter, and in other cases, at least one-third IDs)

Eligibility Criteria

(w.e.f 1st April, 2018)

the Committee recommends the revision of eligibility criteria for a director to be an 'independent director' to also include the following:

(i) Specifically exclude persons who constitute the 'promoter group' of a listed entity;

(ii) Requirement of an undertaking from the ID that such a director is not aware of any circumstance or situation, which exists or may be reasonably anticipated, that could impair or impact his/her ability to discharge his/her duties with objective independent judgments and without any external influence.

(iii) The board of the listed entity taking on record the above undertaking after due assessment of the veracity of such undertaking.

(iv) Exclude 'board inter-locks' arising due to common non-independent directors on boards of listed entities (i.e. a non-independent director of a company on the board of which any non-independent director of the listed entity is an independent director, cannot be an independent director on the board of the listed entity).

It also calls for continuous assessment and may be required to certify every year that each of its IDs fulfils the conditions specified in the SEBI LODR Regulations and is independent of the management.

(Presently Section 149(6) of the Companies Act and Regulation 16(1)(b) of the SEBI LODR Regulations set out certain objective criteria for determination of independence of a director)

Minimum Compensation to Independent Directors

(w.e.f 1st April, 2018)

Minimum Compensation and sitting fees have been prescribed irrespective of adequate and inadequate profits

(As per the provisions of the Companies Act,2013 it provides for ceiling on the compensation that can be paid to directors, there is no requirement for minimum compensation to be paid, except that the sitting fee paid to IDs cannot be lower than that of other directors and No specific provision existed in SEBI LODR Regulations)

Disclosures on Resignation of Independent Directors

(w.e.f 1st April, 2018)

Detailed reason of resignations by IDs to be provided to enhance transparency and strengthen the institution of IDs

(As per the provisions of the Companies Act,2013 reason required by ROC if directors resigned before expiry of same and No specific provision existed in SEBI LODR Regulations)

Directors and Officers Insurance for Independent Directors

(w.e.f 1st October, 2018)

Recommended to undertake insurance for ID to protect from significant responsibilities and liabilities.

(As per the provisions of the Companies Act,2013 company to undertake Directors and Officers Insurance for Independent Directors is optional and No specific provision existed in SEBI LODR Regulations)

Induction and Training of Independent Directors

(w.e.f 1st April, 2018)

To undertake the formal induction programmes process to familiarize the independent directors through various programmes

(The Companies Act provides general clauses pertaining to training, induction, etc. of directors. SEBI LODR Regulations require familiarization of the IDs relating to certain specified matters. However, specific provisions on induction training and periodicity of continuous updation are lacking)

Alternate Directors for Independent Directors

(w.e.f 1st October, 2018)

It is recommended that appointment of an alternate director for IDs should not be permitted, as IDs are elected for unique qualities.

(As per the provisions of the Companies Act,2013 and SEBI LODR Regulations does not provide for alternate director for ID)

Lead Independent Appointment

The Committee recommends the following:

1. All listed entities where the Chairperson is not independent to designate an ID as the Lead ID;

2. The Lead ID should be a member of NRC;

3. The Lead ID shall:

a) lead exclusive meetings of the IDs and provide feedback to the Chairperson/board of directors after such meetings;

b) Serve as liaison between the chairperson of the board and the IDs;

c) Preside over meetings of the board at which the chairperson or vice-chairperson is not present, including executive sessions of the IDs;

d) Have the authority to call meetings of the IDs; and

e) If requested by significant shareholders, ensure that he/she is available for consultation and direct communication.

(Currently, there is no requirement of a Lead ID in Companies Act/SEBI LODR Regulations)

Filing of Casual Vacancy of independent Director

(w.e.f 1st April, 2018)

Recommends that any appointment to fill a casual vacancy of office of any ID should also be approved by the shareholders at the next general meeting

(Presently Section 161(4) of the Companies Act , schedule IV and Regulation 25(6)of the SEBI LODR Regulations set out certain provisions for Filing of Casual Vacancy of independent Director)

Chapter III


Minimum Number of Committee Meetings

(w.e.f 1st April, 2018)

Recommended following number of meeting for committees respectively

Atleast5 meetings for Audit Committee

Atleast1 meeting of every other committee(nomination and remuneration committee, Stakeholders Relationship Committee and Risk Management Committee)

(Currently, SEBI LODR Regulations require at least four meetings of the Audit Committee every year not for any other committee)

Role of Audit Committee

(w.e.f 1st April, 2018)

Audit committee to scrutinize end utilization of fund

(Presently Section 177 of the Companies Act , schedule IV and Regulation 18(2)(c) of the SEBI LODR Regulations set out certain provisions for role of Audit Committee)

Composition of Nomination and Remuneration Committee

(w.e.f 1st April, 2019)

Committee recommends the requirement of having atleast 2/3rd of its independent directors on NRC.

(Under the Companies Act, the Audit Committee and the Nomination and Remuneration Committee (hereinafter referred to as 'NRC') are required to have at least half of their members as IDs. On the other hand, under SEBI LODR Regulations, while the Audit Committee is required to have 2/3rd of its members as IDs, the NRC are required to have only half of its members as IDs.)

Role of Nomination and Remuneration Committee

(w.e.f 1st April, 2018)

Greater role of NRC, including setting of compensation of KMPs

(Presently Section 178 of the Companies Act and Regulation Schedule II of Corporate Governance of the SEBI LODR Regulations set out certain provisions forRole of Nomination and Remuneration Committee)

Composition and Role of Stakeholders Relationship Committee

at least three directors as members of the SRC, with at least one being an ID.

the Chairperson of the SRC be present in the annual general meeting to answer queries of the security holders

the role of the SRC be widened

(Presently Section 178 of the Companies Act and Regulation [Reg 20]of Corporate Governance of the SEBI LODR Regulations set out certain provisions Composition and Role of Stakeholders Relationship Committee)

Quorum for Committee Meetings.

(w.e.f 1st April, 2018)

NRC Committee: either two members or one third of the members of the committee, whichever is greater, with at least one independent director.

SRC Committee: either two members or one third of the members of the committee, whichever is greater, with at least one independent director.

(Under the Companies Act, no quorum requirement and SEBI LODR Regulations specifies quorum requirement for meetings of the Audit committee but not for other committees)

Applicability and Role of Risk Management Committee

(w.e.f 1st April, 2018)

Requirement of risk committee extended upto top 500 companies amid growing cyber threat earlier it was top 100 committees

(Under the Companies Act, no such requirement is provided)

Membership and Chairpersonship Limit

(w.e.f 1st April, 2018)

Cap on number of committee for each member is recommended

(Presently no provisions under the Companies Act and Regulation 26 of the SEBI LODR Regulations set out certain provisions)

Information Technology Committee

Listed entities may constitute an information technology committee which, in addition to the risk management committee, will focus on digital and other technological aspects.

(Under the Companies Act/ SEBI LODR , no such provision is provided)

Chapter IV


Obligation on the Board of the Listed Entity with Respect to Subsidiaries

Recommended that at least one Independent director of listed entity to be director on the board of directors of an unlisted material subsidiary Incorporated in India. The same may be extended to unlisted foreign material subsidiaries as well for better monitoring at a consolidated level.

(The Companies Act does not provide for the board of the listed entity to oversee the affairs of its subsidiaries. SEBI LODR Regulations, however, impose specific obligations on the board of the listed entity with respect to its subsidiaries)

Secretarial Audit

It is recommended that Every listed entity and its material unlistedsubsidiaries incorporated in India shall undertakesecretarial audit mandatorily.

(Provisions of Companies Act, 2013 provides with secretarial audit of listed and unlisted entities however there is no specific provision for secretarial audit under SEBI LODR Regulations.)

Chapter V


Sharing of Information with Controlling Promoters/Shareholders with Nominee Directors

Formal framework is recommended for sharing sensitive information with the non-board members.

Re-classification of Promoters/Classification of Entities as Professionally Managed

Committee recommends creation of 'designated person' for sharing of information and introduce a mechanism to enable such reclassification, to ensure that persons who may have been promoters but are no longer in day-to-day control and management

And have a low shareholding, should have an 'opt-out' from being classified as 'promoters.

Disclosure of Related Party Transactions

(w.e.f 1st April, 2018)


RPTS to be disclosed once in every six months

Strict penalties may be imposed by SEBI for failing to make requisite disclosures of RPTs.

all promoters/promoter group entities that hold 20%or above in a listed company to be considered 'related parties' for the purposes of the SEBI LODR Regulations.

disclosures of transactions with promoters/promoter group entities holding 10% or more shareholding be made annually and on a half yearly basis (even if not classified as related parties).

(The Companies Act 2013 / SEBI LODR Regulations contain provisions on disclosure of related party transactions in the board's report, approval of the shareholders in certain cases, etc.)

Approval of Related Party Transactions

(w.e.f 1st April, 2018)

Committee is of the view that similar to the Cos. Act, the SEBI LODR Regulations may be amended to allow related parties to cast a negative vote, as such voting cannot be considered to be in conflict of interest.

(The Companies Act 2013 provides that a shareholder cannot vote to approve a contract or transaction which may be entered into by a company if such a shareholder is a related party to that transaction. However, SEBI LODR Regulations have a blanket restriction on related parties voting on any resolution pertaining to a material related party transaction.)

Royalty and Brand Payments to Related Parties

Special Resolution required if royalty/brand payments exceeds 5% of turnover to make better disclosures on the value a company derives from a brand or technology for which it has agreed to pay royalty, brand, or technical fees to the parent company/promoters.

Remuneration to Executive Promoter Directors

Cap on remuneration of promoter-director is recommended in following manner:

shareholder approval by special resolution should be required if the total remuneration paid:

a) to a single executive promoter-director exceeds Rs. 5 crore or 2.5% of the net profit, whichever is higher; or

b) to all executive promoter-directors exceeds 5% of the net profits.

(Celing limit is provided under the Companies Act, 2013 however no specific provisions in SEBI LODR Regulations)

Remuneration of Non-executive Director

(w.e.f 1st April, 2018)

Shareholder approval will be required if in case the remuneration of a single non-executive director exceeds 50% of the pool being distributed to the non-executive directors as a whole.

(As per provisions of Companies Act, 2013, shareholder approval is required when remuneration payable to such directors exceeding 1% of the net profits in case there is a managing director or whole time director or manager and 3% in other cases)

Materiality Policy

(w.e.f 1st April, 2018)

The Committee considered that clear threshold limits is required to be disclosed in the materiality policy. The Committee also recommends that such materiality policy should be reviewed and updated at least once every three years.

(Currently, SEBI LODR Regulations require listed entities to formulate a policy on materiality of related party transactions and on dealing with related party transactions.)

Chapter VI


Submission of Annual Reports

Only soft copy of the annual report should be given to all shareholders who have registered their email addresses either with the company or with the depository, unless the shareholder specifically asks for a physical copy. Only in case the shareholder has not provided his/her e-mail address, should he/she be sent a hard copy

(SEBI LODR Regulation 34 & 36 and provisions of Companies Act, 2013 and rules prescribed therein contains details provisions for submission of annual reports)

Harmonization of Disclosures

Committee recommended that:

Stock exchanges shall collectively harmonize the formats of the disclosures made by the listed entities on their respective websites no later than April 1, 2018;

Stock exchanges shall move to disclosures by listed entities on exchange platforms in XBRL format in latest available taxonomy no later than April 1, 2018;

Further, a common filing platform may be devised on which a listed entity may submit all filings, which could then be disseminated to all exchanges simultaneously. The exchanges shall introduce such a platform in consultation with SEBI by April 1, 2018.

The disclosures filed with the exchanges may, as far as possible, be harmonized with the filings made to MCA.

Searchable Formats of Disclosures

All the disclosures made by the listed entity on its website and submitted to the stock exchanges should be in a searchable format that allows users to find relevant information easily.


Pertaining to holders of Depository Receipts

Details of ADRs, GDRs holders with 1% of shareholding to be disclosed.

Credit Ratings

Updated list of all credit ratings to be made available at one place for each company

Key Changes in Financial Indicators

all listed entities may be required to disclose in the section on Management Discussion and Analysis (MD&A) in the Annual report, certain key financial ratios (or sector-specific equivalent ratios), as applicable, wherever there is a change of 25% or more in a particular financial year, along with detailed explanations thereof,

Pertaining to Analyst/Institutional Investor Meets

Disclosure of schedules of analyst/institutional investor meetings is not required as it does not serve any kind of practical purpose.

In valuation Report in schemes of Arrangements

to consider issuing guidelines Specific disclosures on assets, liabilities and turnover of the entities involved should be

disclosed in the valuation reports on schemes of arrangements to avoid divergent market practices of disclosures made in valuation reports

Pertaining to Directors

details of directorships of a director as included in the Corporate Governance section of the Annual Report

Pertaining to Disqualification of Directors

Disclosures on disqualification of directors to be made in annual reports to be certified by a practicing company secretary


Separate section for investors on its website and provide all the information mandated to ensure ease of availability and access of pertinent information in one place to investors and regulators alike.

Subsidiary Accounts

Audited financial statements for the relevant financial year of each of its subsidiaries available on its website at least 21 days before the date of the annual general meeting.

Long-term and Medium-term Strategy

Disclosures to be made of hedging strategy

Prior Intimation of Board Meeting to Discuss Bonus Issue

Advance notice to be served to stock exchange for consideration of issue of bonus issue by BOD due to price sensitive nature transaction.

(Currently, SEBI LODR Regulations require prior intimation, However, where the declaration of bonus by the listed entity is not on the agenda of the meeting of board of directors, prior intimation is not required to be given to the stock exchanges.)

Views of Committees Not Accepted by the Board of Directors

(w.e.f 1st April, 2018)

Any recommendations by any committee, if not accepted by the BOD which is mandatorily required, in the relevant financial year, the same to be disclosed along with reasons thereof.

Chapter VII


Audit Qualifications

Quantification of qualifications to be mandatory.

(Currently, under the Companies Act, or SEBI LODR Regulations, there is no restriction on an auditor qualifying the accounts of a company. Specifically, the SEBI LODR Regulations require quantification of the audit qualification by the auditor and if not possible, the management shall make an estimate which is to be reviewed by the auditor.)

(w.e.f 1st April, 2018)

Independent External Opinion by Auditors

Auditors should have rights to obtain independent external opinions

(There is no specific provisions either in the Companies Act or in SEBI LODR Regulations enabling an auditor to obtain an independent external opinion)

Quarterly Financial Disclosures

(w.e.f 1st April, 2018)

More quarterly disclosures on consolidated basis, In order to strengthen periodic financial disclosures

(There is no specific provisions either in the Companies Act however SEBI LODR regulations provides for detailed provisions for submission of quarterly reports)

Disclosure of Reasons of Resignation of Auditors

(w.e.f 1st April, 2018)

Detailed Reason for resignation of auditors to be given.

(As per the provisions of the Companies Act, 2013, requires that upon the resignation of auditors, reasons for such resignation shall be filed with the company and the Registrar.)

Disclosures on Audit and Non-audit Services

(w.e.f 1st April, 2018)

Disclosure total fees for all services paid by the listed entity and its subsidiaries (i.e. on a consolidated basis) to the statutory auditor and all entities in the network firm/network entity of which the auditor is a part

(There is no requirement in either the Companies Act or the SEBI LODR Regulations on disclosure of non-audit services rendered by the auditor to the entire network/group. It only speaks about audit services)

Audit Quality Indicators

(w.e.f 1st April, 2018)

Audit Quality indicators to be made publicly to increase in transparency.

(There is no specific provision in the Companies Act or SEBI LODR Regulations with respect to audit quality indicators)

Disclosures of Credentials and Audit Fee of Auditors

(w.e.f 1st April, 2018)

Disclose Credentials and Fees for appointment of auditors

(As per Companies Act, 2013 it provides for certain provisions for remuneration to auditors and certain disclosures norms therein While the SEBI LODR Regulations do not prescribe any specific disclosures)

IND-AS Adoption

(w.e.f 1st April, 2018)

IndAS implementation for all entities including banks , NBFCs and insurance companies

Strengthening Monitoring, Oversight and Enforcement by SEBI

Powers to SEBI to act against Auditors and Other Statutory Third Party Fiduciaries

More Powers to ICAI, regulator of auditors

Note: Dissenting View: The ICAI has expressed its dissent on the above recommendation as the regulation of chartered accountants is covered under the Chartered Accountants Act, 1949 and to avoid jurisdictional conflict and other issues

Chapter VIII:


Timeline for Annual General Meetings of Listed Entities

(w.e.f 1st April, 2018)

AGM of top 100 listed entities to be conducted within 5 months from the closure of financial year (Over time, the target may be to reduce the timeline to four months)

Where top 100 listed entities :As per market capitalization (as at the end of the previous financial year)

(As per the provisions of the Companies Act,2013, AGM should be conducted within 6 months from the closure of financial year and no specific provision in SEBILODR Regulations on this matter)

E-voting and Webcast of Proceedings of the Meeting

(w.e.f 1st April, 2018)

Live web-cast for all shareholder meetings; e voting deadline to be extended from 5 pm to midnight.

(As per the provisions of the Companies Act,2013 and prescribed rules therein it provides e voting was permitted upto 5 pm and as per SEBI LODR Regulation remote e voting is mandatory for all shareholders)

Stewardship Code

SEBI to introduce common stewardship code for all institutional investors

Stewardship code: Is engaging oneself towards institutional investors/clients/beneficiaries and fulfilling their responsibilities through monitoring and to cover aspects such as better monitoring of investee companies.

(There is no specific provision for a 'stewardship code' under SEBI LODR, however IRDAI in March 2017 issued a stewardship code for insurance companies in India.)

Treasury Stock

Voting rights on treasury stock to be withdrawn is recommended; where treasury stock means shares in its own name or

in the name of any trust either on its behalf or on behalf any of its subsidiary or associate companies

(As per the provisions of the Companies Act,2013 prohibits the creation of treasury stock and no specific provision in SEBI LODR regulations)

Resolutions sent to Shareholders without Board's recommendation

Additional disclosures and safeguards to be made in general meeting whenever under exceptional circumstances resolution being sent to shareholder does not receive any recommendations from Board of Directors.

(There is no general rule either in the Companies Act or in SEBI LODR Regulations that every resolution placed before the shareholders should have been recommended by the board of directors.)

Chapter IX


The Committee recommends that the listed PSEs fully comply with the provisions of SEBI LODR Regulations and the same be suitably enforced.

The following key guiding principles must be kept in mind for such assessment on this subject:

Independence of PSUs from administrative ministry

Consolidation of government stake in listed PSUs under holding entity structure

Setting up Independent board with diversified skill sets.

Chapter X


Grant of leniency and protection against victimization to whistle blowers

(Section 24B of the SEBI Act and Section 23O of the Securities Contracts (Regulation) Act, 1956 ('SCRA') provide powers to the Central Government (based on recommendations by SEBI) to grant immunity both from prosecution and imposition of penalty under the SEBI Act and the SCRA for the alleged violation, subject to certain conditions)

Chapter XI


Increase staff strength at SEBI to improve monitoring and enforcement

Revolving-door policy between SEBI and private sector

Greater coordination between SEBI and MCA

DISCLAIMER: The entire contents of this document have been developed on the basis of relevant information and are purely the views of the authors. Though the authors have made utmost efforts to provide authentic information however, the authors expressly disclaim all or any liability to any person who has read this document, or otherwise, in respect of anything, and of consequences of anything done, or omitted to be done by any such person in reliance upon the contents of this document.



Published by

Anjali Gorsia
(Practicing Company Secretary)
Category Corporate Law   Report

1 Likes   3 Shares   4332 Views


Related Articles


Popular Articles

Follow Book Book Book Business Course caclubindia books

CCI Articles

submit article

Stay updated with latest Articles!