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SEBI’s new regulations for Independent Directors
To enhance the standards of Corporate Governance for listed companies, SEBI has taken decision to implement stricter regulations related to Independent Directors. New amendments provide for special resolution for appointment/re-appointment/removal of Independent Directors, enhanced disclosures regarding skills of proposed IDs, more IDs in the composition of NRC & Audit Committee, time limit to secure shareholder approval for appointment etc. among other things.
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