Workshop on Proposed Clause 36 & Revised Clause 49 of Listing Agreement

National Institute of Securities Market (NISM) jointly with Institute of Company Secretaries of India, ICSI-CCGRT has organised a one day Workshop on “Proposed Clause 36 & Revised Clause 49 of Listing Agreement “at Hotel Grand Hyatt, Mumbai on September 27, 2014.

Shri Prashant Saran, Whole Time Member, Securities and Exchange Board of India (SEBI) and Shri Sandip Ghosh, Director NISM inaugurated the programme.  The keynote address was delivered by Shri Prashant Saran wherein he had emphasised on the need of building trust among all stakeholders of  listed companies.

The First Technical Session was a Panel Discussion on “Critical Evaluation of Clause 49”. The details of panelist and topics covered by them are as under:

Sr.No.PanelistTopic covered
1Shri Nawshri Mirza, Professional Independent DirectorRole of Independent Directors
2Shri Narayan Shankar, VP and CS, M&MRelated Party Transaction
3Shri M.M. Chitale, Managing Partner, M.M. Chitale & CoEvolution of Board
4Shri Amit Tandon, DGM, SEBIRegulatory Perspective

The second technical session was on “Disclosure based on Materiality and Price Sensitiveness” (Proposed Clause 36). The details of panelist and topics covered by them are as under:

Sr.No.PanelistTopic covered
1Dr. V.R. Narsimhan, CEO, NSEStock Exchange perspective
2Ms. Shailashri Bhaskar, Consultant (Moderator)Industry trends
3Ms. Savithri Parekh, Head Legal, Pidilite IndustiresIndustry perspective
4Ms. Harini Balaji, DGM, SEBIRegulatory Perspective

Shri V.S. Sundaresan, CGM, SEBI delivered the final remarks, drawing the workshop to a conclusion. The event saw enthusiastic participation from the corporate sector making it a grand success.