In all, nine sectors have been selected for the grant of such awards. This was done to limit the population of annual reports that we would have to go through, and also finetune the norms that we have adopted for selecting the winners.
There will be mainly 3 categories of companies in all the selected industry sectors such Large companies with a turnover of over Rs.5,000 crore; Medium sized ones with business volumes of over Rs1,000 crore, but up to Rs.5,000 crore; and Small ones with sales of over Rs.500 crore and not more than Rs.1,000 crore.
On 07 May 2021The Board of Interglobe Aviation will meet on 07 May 2021 to discuss and consider, among other things, raising of funds by issue of equity
shares through qualified institutions placement, in accordance with the relevant provisions of applicable law and subject to approval of the Company s shareholders and receipt of applicable regulatory approvals, wherever required.
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‘Audit’ is derived from the Latin word ‘audire’, or ‘to hear’. Recently, it is not the hearing ability but the smell test and the ability to observe that have been more in focus. The only common point of agreement among all stakeholders appears to be that the quality of audit must improve. Even auditors agree. So, how can auditing quality be improved?
Mutual fund trustees haven’t done a good job and can get more out of the asset management companies (AMC), said M Damodaran former chairman of Sebi and chairman of Excellence Enablers, a corporate governance advisory firm. “Every mistake that catches the attention of the regulator is a mistake that has gone past the trustees, who didn’t notice it or noticed but did not do anything about it. Trustees are the custodians of the investors’trust. They are conscience keepers of the industry,” said Damodaran at the CII Mutual Fund Summit on Friday. He said peaceful coexistence between AMC and the trustee is not the answer and “there must be tough conversations.”