Description

In order to curtail the sway of promoters and boost the corporate governance framework in listed companies, the Securities and Exchange Board of India (“SEBI”) at its Board Meeting dated 29 June, 2021 approved amendments to the regulatory provisions governing the independent directors (“IDs”). It is however pertinent to note that these amendments will be made applicable with effect from 01 January, 2022. The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) will have to be amended accordingly.