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What is the deadline to separate roles of chairman and MD in top 500 companies, as per the recent directions of SEBI?
A)
April 1st,2023
B)
April 1st,2022
C)
April 1st,2021
D)
April 1st,2020

Correct Answer :   April 1st,2022


As per the recent notification of the Securities Market Regulator SEBI, the deadline to separate roles of chairman and MD in top 500 listed companies by market capitalisation is deferred by two more years to April 2022. Earlier, the top 500 companies were mandated to perform the separation by April 2020.
The proposal of splitting the roles of Chairman and MD was first made by the SEBI’s Committee on Corporate Governance headed by Uday Kotak.

Published On : July 16, 2021
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