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Amarjeet Singh General
Manager Division of
Issues & Listing Corporation
Finance Department Phone: +91 22 2285
0451-56, (Extn: 226) Fax: +91 22 2204 5633.
Email: amarjeets@sebi.gov.in SEBI/CFD/DIL/CG/1/2005/29/3 The Managing Director/Executive Director/Administrator Of all the Stock Exchanges Dear Sir/Madam, Sub: Corporate Governance – Clause 49 of the
Listing Agreement Please refer to SEBI
circular no. SEBI/CFD/DIL/CG/1/2004/12/10 dated October 29, 2004 containing
the revised provisions of Clause 49 of the listing agreement. It has been brought to our notice that a
large number of companies are still not in a state of preparedness to be fully
compliant with the requirements as contained in the aforesaid circular. As it
is our wont that all listed companies and companies desirous of getting listed
should achieve best corporate governance status, it was felt that more time
should be allowed to them to conform to Clause 49 of the listing agreement as
revised in terms of the aforesaid circular. Accordingly, the date for ensuring
compliance with the revised Clause 49 of the listing agreement has been now
extended upto Yours faithfully, Amarjeet
Singh |
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