banner_ad

Clause 49 of the Listing Agreement

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 December 2010 As per clause 49(I) of the Listing Agreement, every company is required to have an optimum combination of executive and non-executive Directors with not less than 50% of the total number of Directors shall be Non-Executive Director. What if the composition of the Board of Directors is not in accordance with Clause 49(I) of the Listing Agreement???????
Profile Image

CS Md. Zaffar Rizwani

Profile Image

CS Md. Zaffar Rizwani (Expert)
14 December 2010 first all..clause 49 is applicable to only listed companies.

if any company who voilate the provision of Listing agreemnet, then in that case stock exchange delist their share.
Profile Image

Ankur Garg

Profile Image

Ankur Garg (Expert)
17 December 2010 Hi,

A listed company not following the desired combo of Board is required to disclose the same to STX through filing of Corporate Governance Report.

This report is required to be filed by a Listed company to STX quarterly to appraise the STX about the compliance status of clause 49.

Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details