Clause 49 Of Listing Agreement Sebi Latest
These amendments are a mix of clarifications and flexibilities of corporate governance requirements, in accordance with Article 49 of the listing agreements. The communication between SEBI and large companies highlighted the difficulties of interpretation and recognition of the problem areas under the clause. This is a welcome change given the practicability of implementing the corporate governance provisions. However, these amendments do not fully pave the way for a smooth implementation of the standards in Clause 49 of the Listing Agreement, in accordance with the Companies Act 2013. .