'You may put hundreds of checks and balances but human beings are ingenious.'
'NSE has thousands of employees. It is their institution. So it's a dear family.' 'One should not hurt the morale of these people.'
After Chanda and Deepak Kochchar, the Kudvas are the second power couple in the financial world to come under the regulatory glare.
'When an institution believes its knowledge and capability is superior to everyone, it behaves like a frog in the well.' 'And this is precisely the cause for the mess,' says J N Gupta.
'She violated NSE procedures and rules, corporate governance norms; Chitra acted maybe within her capacity as MD and CEO, but not in the right spirit.'
Earlier this month, Sobha Kapoor and Ekta Kapoor, part of the promoter group of Balaji Telefilms, faced shareholder ire when they failed to obtain the requisite votes on resolutions proposing pay increases for them. In recent months, several promoter-directors, including Siddharth Lal of Eicher Motors and Pawan Munjal of Hero MotoCorp, have faced similar situations. Clearly, large institutional shareholders - and public shareholders - are not taking kindly to promoter-directors upping their remuneration takeaways at a time when the prospects of business recovery are clouded by the anticipated third wave of the Covid-19 pandemic.
SBI Capital, Axis Capital, GMR Holdings, United Breweries, Alpic Finance (a Cipla group unit), Saradha Realty, United Bank of India and Trident India are among the prominent entities named in the list.
Cochin Shipyard, BASF India, Ingersoll Rand, Eicher Motors, Federal Bank, and Timken India are some of the firms where voting could have got affected, sources said.
The challenge before the management is ensuring simultaneous disclosure of key information to stock exchanges and investigating agencies.
Though the agency did not include former Sebi chief CB Bhave and ex-member KM Abraham in the case, it recommended departmental action against the two.
If India Inc sincerely feels the separation of posts is not a good governance measure, it must spell out its doubts clearly to Sebi and give cogent arguments rather than mundane ones like India is different, argues J N Gupta, member, Kotak committee on corporate governance reforms.
Likely to select from 3 shortlisted; follows Sanjeev Kaushik's refusal to take the job if made to retire from IAS
With real estate valuations falling and other deals coming unstuck, the current management's improved target faces significant challenges.
Starting April 1, a non-executive director of 75 years or more can be appointed or re-appointed only by way of a special resolution, which requires 75 per cent 'for' votes.
'If she contests it, then these people will have to fight it in court.'
The top companies with a striking gap in pay between the senior-most executives and median employees in 2017-2018 belonged mostly to sectors such as information technology, auto and engineering.
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
.jpg)
The Securities and Exchange Board of India (SEBI) unveiled new proposals, broadening the scope of who can be held liable for insider trading violations.
Rules for market infrastructure institutions such as stock exchanges, clearing corporations, and depositories have come under review by Sebi after five years.
While most of Sebi's new norms are aligned to changes in Companies Act, they are more stringent in certain areas.
The chairman's post will soon fall vacant, but that's not the only one that needs to be filled.
Experts view this as a case of "failed experiment" in succession
Experts regretted that it has taken too long to deliver justice
Could address the concerns over Companies Act provision on the issue
The regulator's concern arises from several recent instances.
The Union finance ministry has sought views of the Securities and Exchange Board of India (Sebi) for setting up a 'social bourse.'
The stock market watchdog had said any adverse findings by other regulators might have a bearing on the exchange.
Promoters and top executives intending to buy or sell shares of their companies might soon have to inform the market well in advance for such transactions.
Decision of Indu Shahani, principal of Mumbai's HR College, to become a director of United Spirits raises an ethical issue.
Eight months after India's largest car maker, Maruti Suzuki India, announced plans for a Gujarat unit to be set up as a wholly-owned subsidiary of parent Suzuki, opposition to the move continues to simmer.
Ten months after new Sebi norms set in, some senior directors still hold more board seats than allowed.
Sanofi India is seeking approval of the shareholders for perpetuity.
Congress leaders claim The Associated Journals Limited has 761 shareholders while the company shows more than 1,000
The clarifications came directly from the board of directors.
Move by Swiss cement major Holcim to simplify its Indian structure has not gone down well with institutional investors.
5 things to look at when companies go for mergers and acquisitions.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances