You are the Company Secretary of XYZ Ltd, which has recently listed on Bombay and National Stock Exchanges. The CEO of the company is eager to know the applicability of various corporate governance provisions as per SEBI
CS Professional · Corporate Funding & Listings in Stock Exchanges · PYQS · December 2024
You are the Company Secretary of XYZ Ltd, which has recently listed on Bombay and National Stock Exchanges. The CEO of the company is eager to know the applicability of various corporate governance provisions as per SEBI (LODR) Regulations, 2015. In this context, explain the provisions applicable to the following aspects: Minimum number of directors' requirements
Answer & Explanation:
(ii) Minimum Number of Directors' Requirement: The board of directors of the top 1000 listed entities (with effect from April 1,2019) and the top 2000 listed entities (with effect from April 1, 2020) shall comprise of not less than six directors. The top 1000 and 2000 entities shall be determined on the basis of market capitalisation as at the end of the immediate previous financial year.
Topics: Corporate Governance
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