Appointment/re-appointment of erstwhile rejected directors to be made only with prior approval of shareholders: SEBI
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Notification No. SEBI/LAD-NRO/GN/2022/66, Dated: 24.01.2022
The SEBI has notified SEBI (LODR) (Amendment) Regulations, 2022. Amendment has been made to Regulations 17,32,39, 40, and Schedule VI. As per amendment norms, appointment or a re-appointment of a person in the Board of directors, who was earlier rejected by the shareholders at a general meeting, shall be done only with the prior approval of the shareholders. Monitoring reports by the listed entity shall be placed before the audit committee quarterly which earlier was on annual basis.
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