CORPORATION FINANCE DEPARTMENT
DIVISION OF ISSUES & LISTING
SEBI had constituted a Committee on Corporate Governance under the Chairmanship of Shri N. R. Narayana Murthy. Based on the recommendations of the Committee and public comments received, certain amendments were made in Clause 49 of the Listing Agreement, vide circular dated August 26, 2003.
Subsequent to the issue of the said circular, SEBI continued to receive feedback/representations. It was therefore considered appropriate that another meeting of the Narayana Murthy committee on Corporate Governance be convened on November 17, 2003 for the purpose of deliberating on the said suggestions and representations received on the revised Clause 49 of the Listing Agreement. Based on the representations and feedback received, the main issues and proposals to be deliberated in the meeting have been posted on SEBI’s website (www.sebi.gov.in) under the heading “Feedback received on revised Clause 49 - Corporate Governance” in the sub-section “Reports for Public Comments” in section “Reports/Documents”. The same will be available for a period of 14 days for seeking public comments.
Comments and suggestions thus received would be placed before the committee for deliberations. Comments/suggestions on the same may be sent to Ms Neelam Bhardwaj, Deputy General Manager, Division of issues and listing, SEBI or to Mr Pradeep Ramakrishnan, SEBI or emailed to neelamb@sebi.gov.in / pradeepr@sebi.gov.in or faxed to 91-22-22045633 on or before November 12, 2003.
