SEBI Supports e-Voting
The securities and exchange board of India (SEBI) has directed that listed companies should use electronic voting for seeking shareholder approvals to help bring greater shareholder participation in decision-making, reports said.
To start with, SEBI has asked the top 500 companies by market capitalization on the national Stock Exchange and Bombay Stock Exchange to apply these new rules.
SEBI has also made some changes to promoters offer-for-sale through stock exchanges, reports said.
Bourses Woo Foreign Investors
Premier stock exchanges in the country are looking forward to investment route that has been opened up recently for foreign investors, reports said.
The stock exchanges are putting in place systems required for implementation of the qualified foreign investor (QFI) framework. Some of the discussions that have been held by some large custodians include providing back-end systems that need to be in place at the intermediaries’ end, hosting of data and cost of these services, reports said.
References: Hindustan Times, Times of India, The Hindu, Economic Times, Business Standard, Business line