India first to make secretarial audit imperative for some companies
Advertisement
Advertisement
India is set to become the first country in the world to make This system of
The measure is looked upon as a part of the government’s initiative to inspire confidence in foreign investors by improving governance and transparency.
The government has implemented a fine ranging from Rs. 1 lakh to Rs. 5 lakhs in cases of non-compliance.
The recently issued secretarial standards also makes it companies to send a seven day notice for board meetings to ensure there are no last minute changes in agenda. The new provisions also require a meeting every quarter.
Advertisement
(Image credit: Indiatimes)
Advertisement
- Tesla tells some laid-off employees their separation agreements are canceled and new ones are on the way
- Taylor Swift's 'The Tortured Poets Department' is the messiest, horniest, and funniest album she's ever made
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- The Future of Gaming Technology
- Stock markets stage strong rebound after 4 days of slump; Sensex rallies 599 pts
- Sustainable Transportation Alternatives
- 10 Foods you should avoid eating when in stress
- 8 Lesser-known places to visit near Nainital