No person who has attained an age of 75 years can be appointed as non-executive director or can continue as one.The officiating secretary of ICSI, A K Dixit said that ICSI will enter into an MoU with Malaysian of Company Secretaries for reciprocal paper-wise exemption.
Vadodara: The Institute of Company Secretaries of India (ICSI) held a seminar in the city to orient company secretaries about new rules regarding corporate governance that will come into practice from the new financial year.As per the new revisions in the Listing Obligations and Disclosure Requirements Regulations, the top 500 companies will have to enhance the role of risk management committee.Under the new clause the risk management committee will have to identify the risks and also plan in advance on what it should do to manage the risk.Another important amendment that will come into effect from April 1 is that all listed companies will have to implement age-limit factor for its non-executive director.
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