INVESTMENT AND DEAL ACTIVITY ANALYSIS
DEAL ACTIVITY | Q2 OF FY 2021-22
EXISTS | Q2 OF FY 2021-22
SECURITIES AND EXCHANGE BOARD OF INDIA – KEY UPDATES
- Tightened norms on independent directors
- Guidelines on valuation of securities with multiple put
options
- Amendment to AIF regulations
- Tweaks to mutual funds compensation
- Relaxation to superior voting rights
TIGHTENED NORMS ON INDEPENDENT DIRECTORS
On June 29, 2021, Securities Exchange Board of India
(SEBI) made several crucial decisions regarding
independent directors on boards of listed companies.
An independent director being a non-executive director aids the
company in revamping the governance standards and corporate
credibility. The concept of independent directors was added in The
Companies Act, 2013 (Act) after the need was felt
of having an autonomous voice to speak on behalf of minority
shareholders. Section 149 of the Act (to be read along with Rule 4
and Rule 5 of the
