PR No.95/2008
Changes to Clause 49 of the Listing Agreement
SEBI, vide its circular dated April 8, 2008 made modifications to existing Clause 49 of the Listing Agreement by including certain provisions. These provisions are:
Mandatory provisions:
Non-mandatory provision:
The company shall ensure that the person who is being appointed as an independent director has the requisite qualifications and experience which would be of use to the company and which, in the opinion of the company, would enable him to contribute effectively to the company in his capacity as an independent director.
The full text of the revised circular is available on the SEBI website: www.sebi.gov.in
Mumbai
April 8, 2008