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The Securities and Exchange Board of India (Sebi) is asking companies planning initial public offers (IPOs) to remove director nomination rights provided to promoters and investor shareholders from the articles of association.
While all other special rights held by shareholders cease to exist when a company goes public, the right to nominate directors to the board had thus far been allowed by Sebi
The SME IPO market is slowly but steadily proving to be a game changer in enabling fast-growing, small to midsize businesses in India to raise much-needed growth capital at reasonable valuations, , SME IPO, sme, ipo, india, indian economy, economy, SME sector, msme sector, investors, markets, central government, Indian SMEs, initial public offerings
Shareholder meetings in the financial year 2022-23 saw a surge in advocacy by institutional shareholders who made their voices heard by voting against several resolutions proposed by managements.
Shareholder meetings in the financial year 2022-23 saw a surge in advocacy by institutional shareholders who made their voices heard by voting against several resolutions proposed by managements.The number of resolutions where more than 20 per ...