It is a totally management driven and not board-driven bank and if things go wrong, the independent directors are blamed. I thought it best to leave an example for independent directors if things are not going according to the law, says Uttam Prakash Agarwal, Former Director, Excerpts from an interview with ETNOW
U.S. Hedge Fund Asks Indian Media Mogul to Exit One of His Firms.
The hedge fund, which is headquartered in New York, called for Shayon Chatterjee, a managing director at Moon Capital, to be appointed as an independent director at Zee Learn, according to a letter to Chandra dated January 10, 2020 that was seen by Bloomberg.
The company said that these new additions emphasise that India and the subcontinent are key markets for CG Power. The company said it aims to have executives who will act as consultants and function in a multi-dimensional global market.
SEBI has discovered that Sun Pharmaceuticals had disregarded its posting and divulgence standards by not uncovering related-party exchange with Aditya Medisales (AML), a substance possessed by drug maker’s advertisers that circulated its detailing in India.As per them, the SEBI’s examination division in its discoveries has prescribed arbitration procedures against the pharma major under Section 15 of the SEBI Act, which involves monetary punishment whenever saw as blameworthy.
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