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Exclusive | PTC panel to look into CMD s appointment after SEBI questions process: Sources

SEBI is believed to be questioning PTC India and its CMD on why the company did not prioritise the appointment of new independent directors after four of them resigned citing corporate governance issues.

Rajib kumar mishraJayant gokhaleSubhashs mundraDeepak amitabhPawan singhJayant dasguptaRajiv ranjan jhaPreeti saranRashmi vermaSushama nathExchange board of indiaPower finance corporationIndia ltdMinistry of corporate affairsRegistrar of companiesIndia financial services

Eyes on PSUs holding stake in PTC India as CMD appointment vote on June 28 amid regulatory scrutiny

NTPC, PGCIL, PFC, and NHPC have nominee directors on the board of PTC. LIC also own stake in the company.

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PTC India CMD Mishra s appointment backed by PSU promoters despite regulatory scrutiny

On June 28, shareholders also passed resolutions relating to the appointment of Rashmi Verma, Jayant Dasgupta, and Narendra Kumar as independent directors, and Mahendra Kumar Gupta and Ravisankar Ganesan as non-executive nominee directors.

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Exclusive: Sebi questions process of Mishra s appointment as PTC India CMD, say sources

This comes after the regulator issued a show-cause notice in May to Mishra, for his role in corporate governance lapses at subsidiary PFS

Rashmi vermaJayant dasguptaRajiv maheshwariDeepak amitabhNarendra kumarPawan singhMahendra lodhaRajib kumar mishraPower grid corporation of indiaPower finance corporation of indiaRegistrar of companiesIndia financial services ltdExchange board of india sebiIndia ltdExchange boardFinancial services ltd

Exclusive|PFS Chairman Mishra did not act in shareholder interest: SEBI

Exclusive|PFS Chairman Mishra did not act in shareholder interest: SEBI
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