Stock exchanges – the more the merrier?
It is hard to argue against SEBI’s intent to foster competition for stock exchanges and depositories. However, it is unclear if adding...
Hear the drumbeat, it is green
23 December 2020, Mumbai: Company boards and managements have been delivering a jeremiad, lambasting regulators for asking them for too...
Vedanta’s delisting: Yet another replay
Vedanta’s promoter group’s debt repayment pressures have driven corporate actions in the past: we argue that delisting Vedanta Limited is...
Slash dividends, cease buybacks: prioritize shoring up balance sheet
Given that many companies are going to scramble to find money just to survive, dividends and buy-backs should be the last thing on a...
One India, One Stewardship
Indian regulators - SEBI, PFRDA and IRDAI, have all mandated stewardship, and this is a welcome step. But in having each regulator...
IiAS: Dividend and buy-back study 2020
60 companies can incrementally return almost Rs. 886 billionto shareholders Cash hoarding continues to plague the Indian corporate...
If the ‘market knows’, why doesn’t the auditor?
Auditors are considered market fiduciaries, because they validate the fairness of financial statements. Resignation of auditors and...
Additional disclosures to be made under SEBI’s revised Corporate Governance Report
The recommendations made by the Committee on Corporate Governance under the Chairmanship of Uday Kotak were incorporated by SEBI as...
SEBI’s guidelines for enhanced disclosures by credit rating agencies: Creating a more transparent cr
We look at SEBI’s recent announcement and explain what these will mean for the market Securities and Exchange Board of India (SEBI)...
Dual-Class Shares will weaken the corporate governance ecosystem in India
SEBI’s decision to allow companies to issue shares with differential voting rights attempts to facilitate promoters of new-age companies...