In case of omnibus approvals for material related party transactions (RPTs), obtained from shareholders in general meetings other than AGMs, the validity of such omnibus approvals will not exceed one year, Sebi said. Get more Markets News and Business News on Zee Business.
To reduce the overall time taken for the completion of open and buyback offers, markets regulator Sebi has suggested changes in the timelines for procedural activities, including a lesser time period for tendering shares. Get more Markets News and Business News on Zee Business.
The top-500 listed entities were required to split the roles of Chairperson and Managing Director/Chief Executive Officer before the April 2022 deadline.