Clause 49 For Listing Agreement

The main reason for this clause is that the company should be fair to its stakeholders. Everything in the company must be made efficient and fair. Since stakeholders have a social and financial interest in the company, the company is obliged to protect its interests. In order to comply with Article 49(1), an undertaking must comply with some of the following principles. If we compare this new amended clause to the previous clause of the Companies Act 1956, we will find that this new clause aims to improve transparency and protect the interests of stakeholders, since a new detailed provision of the independent director has been inserted, the role of the audit committee has been improved, etc. the constraint of at least one female director, that the Ministry of Women`s Emancipation is working. .

Sobre el Autor: Luis