Consider the following statement regarding the Securities and Exchange Board of India SEBI (LODR) (Sixth Amendment) Regulations, 2022. Which of the following statement is correct?a)Under this, the appointment and removal of independent directors could be done by way of two parametersb)The two parameters are the Threshold for ordinary resolution and the Threshold for the majority of minority shareholders.c)Currently, the appointment, re-appointment, or removal of independent directors is made through a special resolution.d)For a special resolution to be passed, 75% of ‘yes’ votes are needed from a company’s board.e)All of the above are correctCorrect answer is option 'E'. Can you explain this answer?

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Consider the following statement regarding the Securities and Exchange Board of India SEBI (LODR) (Sixth Amendment) Regulations, 2022. Which of the following statement is correct?

a)
Under this, the appointment and removal of independent directors could be done by way of two parameters
b)
The two parameters are the Threshold for ordinary resolution and the Threshold for the majority of minority shareholders.
c)
Currently, the appointment, re-appointment, or removal of independent directors is made through a special resolution.
d)
For a special resolution to be passed, 75% of ‘yes’ votes are needed from a company’s board.
e)
All of the above are correct

Correct answer is option 'E'. Can you explain this answer?

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Answer E

Recently, the Securities and Exchange Board of India released SEBI (LODR) (Sixth Amendment) Regulations, 2022.
Under this, the appointment and removal of independent directors could be done by way of two parameters: Threshold for ordinary resolution and Threshold for the majority of minority shareholders.
Currently, the appointment, re-appointment, or removal of independent directors is made through a special resolution.
For a special resolution to be passed, 75% of ‘yes’ votes are needed from a company’s board.
Under the alternate mechanism, if the special resolution for the appointment of an independent director does not get the requisite majority, then two other thresholds – for ordinary resolution and the majority of minority shareholders – would be tested.
If the resolution crosses the above two thresholds in the same voting process, then such a resolution for the appointment of the independent director would be deemed to be approved by shareholders.
Any amount lying unclaimed in the escrow account for more than seven years about non-convertible securities issued by listed entities would be transferred to the Investor Protection and Education Fund created by SEBI.
The regulator has eased the requirements/timelines for submission of financial results, provided clarity in provisions about disclosure of line items/ ratios, and publication of results in newspapers, and thereby brought uniformity in the disclosure requirements in parity with those for specified securities.
The resignation of key managerial personnel (KMP), senior management, and directors must be communicated along with detailed reasons.
At present, this requirement is mandatory only in the case of auditors and independent directors.
Frauds or defaults by or arrests of KMP, senior management, and directors are also material worth disclosing to investors.
If the MD or CEO of a company is unable to perform his or her functions for more than a month, that should also be disclosed to the investors.
Sebi has proposed to make it mandatory for companies to disclose any new or revised rating even if it was not requested or the request was withdrawn.
The top 250 listed companies shall have to necessarily confirm or deny any event or information reported in the mainstream print or digital media that may have a material effect on the listed entity.

Answered by Notes Wala · View profile

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Consider the following statement regarding the Securities and Exchange Board of India SEBI (LODR) (Sixth Amendment) Regulations, 2022. Which of the following statement is correct?a)Under this, the appointment and removal of independent directors could be done by way of two parametersb)The two parameters are the Threshold for ordinary resolution and the Threshold for the majority of minority shareholders.c)Currently, the appointment, re-appointment, or removal of independent directors is made through a special resolution.d)For a special resolution to be passed, 75% of ‘yes’ votes are needed from a company’s board.e)All of the above are correctCorrect answer is option 'E'. Can you explain this answer?

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Consider the following statement regarding the Securities and Exchange Board of India SEBI (LODR) (Sixth Amendment) Regulations, 2022. Which of the following statement is correct?a)Under this, the appointment and removal of independent directors could be done by way of two parametersb)The two parameters are the Threshold for ordinary resolution and the Threshold for the majority of minority shareholders.c)Currently, the appointment, re-appointment, or removal of independent directors is made through a special resolution.d)For a special resolution to be passed, 75% of ‘yes’ votes are needed from a company’s board.e)All of the above are correctCorrect answer is option 'E'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Consider the following statement regarding the Securities and Exchange Board of India SEBI (LODR) (Sixth Amendment) Regulations, 2022. Which of the following statement is correct?a)Under this, the appointment and removal of independent directors could be done by way of two parametersb)The two parameters are the Threshold for ordinary resolution and the Threshold for the majority of minority shareholders.c)Currently, the appointment, re-appointment, or removal of independent directors is made through a special resolution.d)For a special resolution to be passed, 75% of ‘yes’ votes are needed from a company’s board.e)All of the above are correctCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statement regarding the Securities and Exchange Board of India SEBI (LODR) (Sixth Amendment) Regulations, 2022. Which of the following statement is correct?a)Under this, the appointment and removal of independent directors could be done by way of two parametersb)The two parameters are the Threshold for ordinary resolution and the Threshold for the majority of minority shareholders.c)Currently, the appointment, re-appointment, or removal of independent directors is made through a special resolution.d)For a special resolution to be passed, 75% of ‘yes’ votes are needed from a company’s board.e)All of the above are correctCorrect answer is option 'E'. Can you explain this answer?.

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