Introduction The Securities and Exchange Board of India (‘SEBI’) has significantly overhauled its capital-raising regulations through the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2024 (‘Amending Regulation’), effective from May 18, 2024. The Amending Regulation, by…
Introduction If recent SEBI orders are considered, the title, ‘guardians of corporate governance’ seems increasingly misapplied for a cross section of independent directors. SEBI orders consistently point out short comings in the actions of independent directors specifically while discharging functions…