The market regulator, SEBI has proposed to insert provision relating to appointment/ re-appointment of persons who fails to get elected as whole time director whereby it has proposed that a person rejected by a listed company's shareholders as a managing director or whole-time director can be appointed or re-appointed to the posts only after the company fulfils various conditions, including providing detailed justifications
from taxmann.com News https://ift.tt/2Ymdue1
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