19 per cent of the directors don't attend three in four board meetings.
Experts explain the distinction between the rights of small and minority shareholders in public-listed and private companies.
'This issue is related to national security because they were compromising the entire capital markets's core infrastructure by leaking confidential information.' 'What would have happened if the servers had come down?' 'Or some confidential information leaked to terrorists who could have knocked out our capital market?'
On the other hand, the group's two traditional cash cows, TCS and Tata Motors' subsidiary Jaguar Land Rover, are slowing as other businesses pick up pace
Experts view this as a case of "failed experiment" in succession
Specific sections of the Companies Act need to be amended to empower Sebi to regulate or take penal action against an unlisted entity and its promoters for violating the insider trading and other securities norms.
Often these IDs sit on the audit committee of the board or even chair it.
Close to a million small shareholders have stake in nine NCLT-bound companies
Tata Steel and Tata Chemicals under investor watch
Corporate lawyers say the fine on independent directors will make them more cautious and some will be wary of taking assignments from companies with low corporate governance standards.