In a slew of decisions, Sebi on Wednesday changed the way Indian companies will do business. From accepting most of the Kotal Panel recommendations to slashing charges for mutual funds schemes, here is the list of all the decisions taken at the Sebi board meet.
The Sebi Board met in Mumbai on Wednesday and took the following decisions:
Decision on the Recommendations of Kotak Committee on Corporate Governance
1.1. The Board considered the Kotak Committee recommendations and the public comments thereon.
1.2. The Board decided to accept several recommendations of the Committee without any modifications including the following:
I.Reduction in the maximum number of listed entity directorships from 10 to 8 by April 01, 2019 and to 7 …