Monthly Archives: September 2017

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Institutional Activism Grows At Shareholder Meetings

Institutions are finding their voice at the annual general meetings of Indian companies, especially on executive pay and director appointments. And shareholder activism is only expected to rise. AGMs are dominated by management-backed ordinary resolutions that can be passed by a simple majority. That’s changing

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USL Reaches Settlement With SEBI In Pioneer Distilleries Case

United Spirits Ltd. (USL) has settled with SEBI a case of alleged takeover norms violations regarding share purchase in Pioneer Distilleries, according to an order. The leading brewer, presently the promoter of Pioneer Distilleries, paid Rs 8.19 lakh towards settlement of the alleged default. In

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Insolvency Code: NeSL Becomes India’s First Information Utility

National E-Governance Services registered with the Insolvency and Bankruptcy Board of India as country’s first information utility. Under the Insolvency and Bankruptcy Code, an information utility is tasked with storing, authenticating and verifying financial information received from companies and their creditors. The financial information includes:

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Lynn Tilton Wins SEC Fraud Trial She Worked Hard to Avoid

Lynn Tilton, whose aggressive management style made her a success on male-dominated Wall Street, won a U.S. Securities and Exchange Commission trial she’d spent months fighting to avoid. SEC administrative law judge Carol Fox Foelak ruled in favor of Tilton over allegations that she and her