Companies act 2013 compliance
This query is : Resolved
sunil vyas
(Querist)
26 December 2017
Hi all
I have one company which is listed and that listed company has many SPV(Special purpose vehicle)which is registered in Companies act 2013,i am working in one of SPV ,in relation to compliance whether a company need to upload Whistle blower policy,sexual harassment policy and maternity leave policy on its site?
This SPV where i am working does not have its own site and is subsidiary of its Holding listed company.
All details of SPV like milestone ,financials comes on its holding company site(listed company).
So is it necessary to do compliance with policy mentioned above and is Corporate Governance(Clause 49) applicable to this SPV since its subsidiary company of listed company.
I have one company which is listed and that listed company has many SPV(Special purpose vehicle)which is registered in Companies act 2013,i am working in one of SPV ,in relation to compliance whether a company need to upload Whistle blower policy,sexual harassment policy and maternity leave policy on its site?
This SPV where i am working does not have its own site and is subsidiary of its Holding listed company.
All details of SPV like milestone ,financials comes on its holding company site(listed company).
So is it necessary to do compliance with policy mentioned above and is Corporate Governance(Clause 49) applicable to this SPV since its subsidiary company of listed company.
CS Mitesh Mehta
(Expert)
26 December 2017
No The Clause 49 of the Listing Agreement shall be applicable to only companies whose equity shares are listed on a recognized stock exchange.
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