In fact, the whole edifice of good corporate governance is dependent on the efficacy and effectiveness of independent directors. However, concerns are being expressed time and again over their rea...
Prima facie, the issue of sweat equity to Sunanda Pushkar by Rendezvous is in clear violation of the Companies Act. The penalty, though, may be a paltry fine.
The Takeover Code should be amended with the objective of removing ambiguities and ensuring that its provisions reflect the best practices adopted globally.
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