( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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CRITICAL REVIEW OF THE LATEST CHANGES IN THE INDIAN LISTING OBLIGATIONS AND DISCLOSURE OF CORPORATE GOVERNANCE REQUIREMENT - INVESTOR PERSPECTIVE

    2 Author(s):  GAYATHRI T N,ANITA RAMAN

Vol -  11, Issue- 3 ,         Page(s) : 115 - 122  (2020 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

Corporate Governance is viewed as the accountability the undertaking has towards the stake holder. In the changing global business scenario, more transparency in line with international standards is expected from Indian companies to tap International investor Market. The is definite need to enhance corporate governance framework in India in line with international standards. To enhance the regulatory framework of corporate Governance in India the SEBI felt the need to appoint a committee to review the framework of corporate Governance in India under the leadership of Mr. Uday Kotak in June 2017. The committee released its recommendations and the Securities Exchange Board of India (SEBI) accepted the committee’s report with few modifications. In the year 2018, the SEBI amended its listing regulations. These changes in the listing regulations in corporate Governance brought in more accountability, transparency, management information and enhanced quality of board composition. The new changes are as a major milestone in the framework of corporate governance in India.

• Kotak Committee report dated 5th October 2017
• Companies Act, 2013
• SEBI Board meeting Press release dated March28,2018
• Securities and exchange board of India (Listing obligations and disclosure obligations and disclosure requirements (Amendment) Regulations,2018

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