Equity Listing Agreement definition
Examples of Equity Listing Agreement in a sentence
The table below presents the current shareholding pattern of our Company as per clause 37 of the SME Equity Listing Agreement.
The remuneration policy is aligned to this philosophy.This remuneration policy has been prepared pursuant to the provisions of Section 178(3) of the Companies Act, 2013 (“Act”) and Clause 49(IV)(B)(1) of the Equity Listing Agreement (“Listing Agreement”).
The new Companies Act, 2013 and the Clause 49 of the Equity Listing Agreement have also incorporated various provisions in relation to Risk Management policy, procedure and practices.
The Equity Listing Agreement entered into with the Stock Exchanges mandates formulation of a policy on materiality of Related Party Transactions and also on dealings with Related Party Transactions.
As per Notification issued by Ministry of Corporate Affairs dated 19th of March, 2015 with reference to the Companies (Management and Administration) Rules, 2014, Companies covered under Chapter XB and Chapter XC as per SEBI (ICDR) Regulations, 2009 will be exempted from e-voting provisions.Also, no such provision is available in SME Equity Listing Agreement.
The tasks to be accomplished by being a part of each of the above-mentioned committees shall be as per the requirements of the Act and Equity Listing Agreement and any other additional task that the Board may deem fit.
The Nomination and Remuneration Committee and this Policy shall be in compliance with Section 178 of the Companies Act, 2013 read along with the applicable rules thereto and Clause 52 of the SME Equity Listing Agreement.
To align with the statutory requirements under the Companies Act 2013 and the Amended Cl.49 of the Equity Listing Agreement, the Board of the Company in its meeting held on 14th May 2014 has renamed the existing Compensation Committee as “Nomination and Remuneration Committee”.
Joseb RajMemberNon-Executive, Non-Independent The Remuneration Committee has been empowered with the role and function as per the provisions as specified under the BSE SME Equity Listing Agreement, the Act including recommending/ reviewing remuneration of the Managing Directors and Whole Time Directors based on their performance and defined assessment criteria.
The definition of the expression has also been expanded for listed entities by the Securities Exchange Board of India by amendment to the Equity Listing Agreement to include elements mentioned under applicable accounting standards.