SEBI SERIOUS ON COMPANIES for 'NON-COMPLIANCE' OF CLAUSE 49 !!

Last updated: 16 September 2007


MUMBAI: The Securities and Exchange Board of India (Sebi) has initiated ‘adjudication proceedings’ against 20 companies for not complying with the Clause 49 provision of the listing agreement pertaining to corporate governance. Such action would involve imposing monetary penalties on the companies i

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