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Policy On Determining Material Subsidiaries.pdf

Policy-for-Determining-Material-Subsidaries_01.04.2019.pdf

Preview of Policy on Determining Material Subsidiaries

🔗 Source: stanrosefinvestcom.us8.cdn-alpha.com

📊 Size: 108 KB

👤 Author: Shweta

⬇️ Downloads: 84

Summary

Stanrose Mafatlal Investments and Finance Limited has adopted a policy to determine material subsidiaries, providing a governance framework in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A material subsidiary is defined as one whose income or net worth exceeds 10% of the consolidated income or net worth of the listed entity and its subsidiaries. The policy outlines requirements for material subsidiaries, including restrictions on disposal of shares, cessation of control, and sale or lease of assets, as well as governance and oversight provisions, such as the appointment of independent directors and review of financial statements. The policy also requires secretarial audits and disclosure of significant transactions and arrangements. Any conflicts with SEBI LODR or the Act will be resolved in favor of the prevailing regulations. The policy is subject to amendment by the Board and will be hosted on the company's website.

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Description

Stanrose Mafatlal Investments and Finance Limited has adopted a policy to determine material subsidiaries, providing a governance framework in accordance with...

Technical Information

File Format: PDF
File Size: 108 KB
Pages: 3
Language: EN
Author: Shweta
Total Downloads: 84
Last Updated: 10 hours ago

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