
SEBI bans permanent board seats in listed companies
Private equity funds will be allowed as mutual fund sponsors, says Madhabi Puri Buch, SEBI Chairperson.
Private equity funds will be allowed as mutual fund sponsors, says Madhabi Puri Buch, SEBI Chairperson.
In its consultation paper, the market regulator proposed the approval of the board members should be subject to approval by the shareholders periodically once in five years.
The current amendment is the 36th one since LODR regulations were laid down about eight years ago.
Corporate tax reported by 8,000 unlisted companies in India dropped by 42% in FY22.
Large listed companies pay an average salary of ₹10 lakh per annum, nearly twice that of other enterprises. Salaries get larger as companies get bigger.
These employees got average wages worth ₹7 lakh; much higher than average salary received by factory employees that’s around ₹3 lakh.
The Covid-19 pandemic and the subsequent lockdowns seems to have worked in favour of the listed companies in the country as they saw their average quarterly profit double since the outbreak.
The stock exchange said it is conducting tests to use the new-age technology for the e-voting process of listed companies.