Corporate Governance Under Listing Agreement

Disclaimer: The above requirements have been compiled from the list agreement available on the BSE website. It is only for reference and teaching purposes. Maybe that`s a misinterpretation of my part. Therefore, in order to implement the necessary compliance, it is necessary to go through each of the clauses of the listing contract signed by the company. The passage of the 2013 law has made it possible to move from a voluntary approach to an ultra-compulsory approach to corporate governance, by introducing detailed governance standards into the primary legislation itself. Subsequently, the list agreement was replaced by the 2015 SEBI Regulation (”LODR Regulation”), which went into extensive consideration of governance issues and replaced the Article 49 regime. LODR regulations have adopted higher standards for governance than in the Companies Act 2013, on recognizing the role of all stakeholders in governance, recognizing the role of all stakeholders in governance, on the basis of the fundamental principles of appropriate, timely and accurate communication of information essential to all stakeholders involved. , recognition of the role of all stakeholders in governance, effective oversight of the board of directors, in relation to the Companies Act 2013, the interests of small shareholders requiring additional protection against the majority. i. All TPPs should be made public in a corporate government compliance report.

The Satyam scandal in 2009 was a turning point in the history of governance regulation in India. The scandal, which includes falsification of accounts by the highest echelons of management and fraud worth more than $1 billion, prompted the Indian government to pass the Corporations Act in 2013, which introduced far-reaching changes as part of India`s corporate government. The company should strive to protect the rights of shareholders and facilitate them so that they can exercise their rights. Shareholders should participate in any decision to amend in principle and have the right to vote at general meetings. They should have the opportunity to participate effectively in important corporate governance decisions, to ask questions of the board of directors, to raise items on the general meeting agenda, to clarify that the voting procedure is clarified and to deal with their complaints (including the violation of their rights), including the protection of minority shareholders. Voting procedures should be simple and inexpensive. The company should disclose critical issues in due course, including BS, P-L, as well as ownership and governance issues. The entity should comply with the accounting standards in force in the real mind, and the legal control of the accounts should be carried out by independent competences and qualified persons.