SEARCHED FOR:INDEPENDENT DIRECTORS
Kirloskar Brothers Ltd promoter votes against reappointment of independent director
This is the latest development in the ongoing feud amongst the fourth generation of the industrialist family with Sanjay Kirloskar on one side and his brothers Atul and Rahul and the rest of the family on the other. Sanjay, the second son of Chandrakant Kirloskar, is the CMD of KBL. Elder brother Atul Kirloskar is the chairman of KIL.
Piramal Enterprises appoints Kunal Bahl, Suhail Nathani as independent directors to its board
"The board of directors has... appointed Suhail...
Wary independent directors ringfence assets; transfer to trusts, kin
Several directors ET spoke to said they are consulting top lawyers to pr...
Independent directors a 'puzzle', says Sebi chief
"If any such resignation is on account of governance concern, considering the role of, and expectations from, independent directors, I urge the resigning independent directors to come forward and state the same clearly to the public at large," Tyagi said at an event organised by industry grouping CII.
Independent directors get a bigger say in merger, demerger
Some corporate lawyers said independent directors may find it challenging to provide such a recommendation.
Sebi Chief has a piece of advice for Independent Directors
Tyagi said the regulator has observed an increasing trend in the number of resignations by independent directors in the last two- three years.
Why are independent directors resigning in droves
From January to August of this calendar year, 567 directors resigned from multiple company boards for the same reasons.
CG Power shareholders vote to declassify Thapar as promoter, re-appoint Mathur as director
Within days of the unearthing of the fraud involving siphoning off money raised using company assets as collateral, Thapar was removed by the company board on August 29, 2019. Thapar was the non-executive chairman of the company at that time.
Lenders to debt-ridden DHFL to meet on Monday to take call on bids
Prior to that, the company's board was superseded and R Subramaniakumar was appointed as the administrator. He is also the resolution professional under the Insolvency and Bankruptcy Code (IBC).
Tata Sons seeks up to $1 bn funding for phone plant in Tamil Nadu
The partnership with Apple will be part of Prime Minister Narendra Modi’s Make in India push and will take advantage of the government’s production-linked incentive (PLI) scheme that was unveiled in August.
Supreme Court asks Centre to issue directions on banning or regulating use of disinfection tunnels
Similar directions may be issued on exposure of humans to artificial ultraviolet rays, the apex court said, observing that the COVID-19 pandemic has "threatened the health of entire citizenry" and all facets relating to its prevention and cure be dealt with by the authorities empowered under different statutes.
Hero MotoCorp appoints former Air Chief BS Dhanoa as independent director
Dhanoa served as the Chief of the Indian Air Force from January 1, 2017 to September 30, 2019. The company has also appointed Sanjay Bhan as Head of Global Business.
Baba Ramdev on board of Ruchi Soya, brother Ram Bharat to be MD
Last year, Ramdev's Patanjali Ayurved paid Rs 4,350 crore to take over Ruchi Soya. The acquisition helped Patanjali acquire edible oil plants as also soybean oil brands such as Mahakosh and Ruchi Gold.
Deadline for registration of independent directors with MCA's online databank extended till September 30
The ministry also extended to the same date, the time till when companies can hold board meetings through video conference or other audio visual means, in parallel notification.
Covid forces companies to relook at board mix
The current pandemic, which has challenged businesses like never before, has also got them thinking about the quality of their board of directors. Although the process of examining value-addition by independent directors had started some time earlier, hiring experts said it is only now, since the pandemic, that it is being accelerated.