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Morning Brief (ET Bureau) Conditions Apply for E-commerce: Will new regulations benefit consumers or just end up killing a booming online market
Shashwat Mohanty | 30:44 Min | July 06, 2021, 8:00 AM IST
E-commerce companies have been thrown into a tizzy after the Department of Consumer Affairs unexpectedly released a draft of rules aimed at protecting consumers. Do the rules really benefit consumers, or will this kill a booming online market through over-regulation? Archana Tewary, partner at J Sagar Associates and ET s Digbijay Mishra give us the highlights. Clip credits: Backstage with Millionaires, CNBC-TV18, Flipkart, Amazon, The Economic Times, Times Now, The Lallantop, NDTV
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Sebi tightens norms on independent directors
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Last Updated: Jun 30, 2021, 06:49 AM IST
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Synopsis
According to Sebi, among other qualifications, an independent director is a person who is not a promoter or a relative of the promoter of the company, its holding, subsidiary or an associate company.
Reuters
Sebi further said that if an independent director resigns from the board, the company should disclose to the exchanges the full content of the letter of resignation of that director.
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Mumbai: In an attempt to give more power to non-promoting shareholders in a company, markets regulator Sebi on Tuesday said that two-thirds of the members of the nomination & remuneration committee (NRC) and the audit committee (AC) of the board of a listed company should be independent directors. Currently, rules say that a majority of the members of these two important committees of the board should be independent directors.
Sebi approves major changes to tighten independent director norms from January 1 indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.