GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

No Plan to Revise Corporate Governance Norms: Arjun Meghwal

The Act and the prescribed rules provide for adequate safeguards to protect minority shareholders," the minister of state for corporate affairs said in a written reply to the Lok Sabha.

Press Trust Of India

Updated:November 25, 2016, 8:13 PM IST
facebookTwittergoogleskypewhatsapp
No Plan to Revise Corporate Governance Norms: Arjun Meghwal
File photo of Minister of State for Finance Arjun Ram Meghwal.

New Delhi: Government has no plans to revise corporate governance guidelines against the backdrop of allegations made against big businesses, Union Minister Arjun Ram Meghwal told the Lok Sabha on Friday.

Meghwal replied in the negative to a question whether government proposes to revise the corporate governance guidelines due to the ongoing allegations against giant corporate houses.

The query also comes amid the ongoing boardroom battles between the Tatas and Tata Sons ousted chairman Cyrus Mistry, which has raised concerns over corporate governance practices.

"Companies are required to comply with corporate governance requirements as prescribed in the Companies Act, 2013, and rules thereunder.

The Act and the prescribed rules provide for adequate safeguards to protect minority shareholders," the minister of state for corporate affairs said in a written reply to the Lok Sabha.

In a separate reply, the minister said corporate cases involving disputes between two or more corporates or their promoters are adjudicated by the National Company law Tribunal (NCLT).

NCLT, set up under the Companies Act, 2013, has started functioning from June. It has 11 benches spread across various cities, including the national capital.

Previously, such disputes were adjudicated by the Company Law Board.

Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 919.75 -1.75 -0.19
Kotak Mahindra 1,030.10 +5.45 +0.53
Vedanta 298.00 +13.45 +4.73
ICICI Bank 303.15 -1.20 -0.39
Yes Bank 315.90 +12.00 +3.95
Company Price Change %Gain
Kotak Mahindra 1,029.00 +4.00 +0.39
ICICI Bank 303.45 -1.10 -0.36
Bharti Airtel 519.00 -2.00 -0.38
Bombay Dyeing 266.70 +38.35 +16.79
Greenply Ind 335.50 +2.75 +0.83
Top Gainers
Company Price Change %Gain
Vedanta 298.00 +13.45 +4.73
Yes Bank 315.90 +12.00 +3.95
M&M 1,483.40 +51.80 +3.62
Coal India 271.00 +8.15 +3.10
Hindalco 242.75 +6.35 +2.69
Company Price Change %Gain
M&M 1,482.65 +50.95 +3.56
Coal India 271.05 +7.95 +3.02
Dr Reddys Labs 2,372.00 +58.30 +2.52
HDFC Bank 1,873.05 +35.85 +1.95
Adani Ports 401.95 +6.90 +1.75
Top Losers
Company Price Change %Gain
Tech Mahindra 500.75 -13.50 -2.63
Cipla 576.45 -14.00 -2.37
Bosch 19,730.30 -149.90 -0.75
ONGC 183.00 -1.35 -0.73
Power Grid Corp 198.85 -1.25 -0.62
Company Price Change %Gain
Cipla 575.85 -14.95 -2.53
ONGC 182.85 -1.60 -0.87
Asian Paints 1,119.95 -5.10 -0.45
TCS 2,547.85 -10.70 -0.42
SBI 312.75 -1.30 -0.41

Live TV

File is:/article-scroll-new.php