Both Goenka’s reappointment and the adoption of financial statements are ordinary resolutions, which as per Companies Act, require 51 percent of the votes cast at the AGM to be in favour of the resolution for it to pass.
Religare has sought shareholder approval for infusing Rs 15 crore fresh capital by the way of subscription to shares. The postal ballot is currently in progress and the results would be announced on March 23
From the SEBI order it is clear that everyone--the Board, the shareholders, the executive team members--at NSE was sleeping at the wheel.
The promoters have once again come under fire for related-party transactions between Asian Paints and Paladin Paints & Chemicals, a private company owned by the Dani family.
Six of the seven Tata listed group companies where Mistry serves as a director have called EGMs between December 13 and 26 after having received requisition to this effect from the promoter shareholder, Tata Sons.
In 2014, public shareholders of several firms like Yes Bank, Siemens, Apollo Hospitals Enterprises, United Spirits, IVRCL, JSW Holdings and Adani Ports & SEZ voted against some proposals made by the firms, according to proxy advisory firm InGovern.
Sahara began as a scheme for small depositors, but it grew over decades with investment plans that critics say were designed to avoid regulatory scrutiny. At its height, it was one of India's biggest business empires, stretching from Formula One motor racing to New York's Plaza Hotel.
Top fund managers investing in Maruti recently made their displeasure to the company known after the decision to let Suzuki set up a Gujarat plant. Are fund managers taking their roles as guardians of minority shareholders more seriously?
Minority shareholders of the Company will be burdened with a pension scheme made purely for the benefit of promoter directors of the Company.
In this report, InGovern analyzes patterns in the resolutions proposed by Indian listed companies in the just concluded 2012 proxy voting season.
InGovern says the merger will hurt interest of minority shareholders.
Retail shareholders of Infosys appear to be far more demanding than their institutional counterparts, as seen from the concerns raised at the company's annual general meeting on Saturday. According to proxy advisory firm InGovern Research Services, which tracked the AGM, around 325 shareholders and 37 proxies were present.
Proxy advisory firm InGovern Research Services is advising institutional shareholders in Shriram Transport Finance to oppose the resolution seeking to merge privately-held promoter arm Shriram Holdings Madras Private Ltd. (SHMPL) with itself. InGovern‘s contention is that the swap ratio favors the promoter arm.
Proxy advisory firms IiAS & InGovern have raised an alarm regarding Escorts‘ restructuring proposal that involves the merger of 3 subsidiaries and allows Escorts promoters to enhance voting power considerably.
This is the March edition of its newsletter Governance Watch that looks at Vedanta Restructuring from shareholder’s point of view and also looks at options that stakeholders in Kingfisher Airlines have.
InGovern is India’s first independent proxy analysis firm. This is the January edition of its newsletter Governance Watch which outlines some of the governance changes proposed in the Companies Bill, 2011.
InGovern is India’s first independent proxy analysis firm. This is the December edition of its newsletter Governance Watch.
InGovern is India's first independent proxy analysis firm. This is the October edition of its newsletter Governance Watch.
InGovern is India’s first independent proxy analysis firm. Here onwards it will be sharing its monthly newsletters with us. This is September’s edition of Governance Watch.