Succession plans in focus as firms lose key executives
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Synopsis
This toll includes only the list of key managerial personnel, whose deaths must be disclosed by listed companies under corporate governance rules. Industry insiders say several top executives, who were not part of key managerial personnel and yet worked in crucial positions, have also died in the last few weeks.
Some top executives of India Inc are also battling critical Covid-19 infections.
At least 20 listed companies in India have lost key, board-level functionaries and top executives since early March, and these untimely deaths have put the spotlight on the need for well-defined succession plans.
Fresh challenges for PSUs electing independent directors indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Synopsis
The Ministry of Corporate Affairs has clarified that Indian tech companies and startups, which are eyeing an overseas listing, would not be considered as listed companies in India.
Reuters
Until now, Indian tech companies and startups despite listing overseas would come under the purview of the Securities and Exchange Board of India (Sebi).
Mumbai: Indian technology companies eyeing a US listing got a fillip after the Ministry of Corporate Affairs (MCA) on Friday clarified that such firms would not be considered as listed companies in India.
Until now, if a company raised capital through equity or debt from public investors, it would be categorised as a listed company and is subject to stringent disclosure and compliance norms. The Securities and Exchange Board of India (Sebi) is the watchdog for such listed companies.
Getting listed overseas just got a lot easier
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Synopsis
Until now, if a company raised capital through equity or debt from public investors, it would be categorised as a listed company and is subject to stringent disclosure and compliance norms. The Securities and Exchange Board of India (Sebi) is the watchdog for such listed companies.
Reuters
Until now, Indian tech companies and startups despite listing overseas would come under the purview of the Securities and Exchange Board of India (Sebi).
Mumbai: Indian technology companies eyeing a US listing got a fillip after the Ministry of Corporate Affairs (MCA) on Friday clarified that such firms would not be considered as listed companies in India.