Foreign Direct Investment (FDI) is a key driver of economic growth and globalization, involving direct ownership or control in Indian entities by non-resident individuals or entities. Since 2014, Indi...
Published On: 01/04/2018
Practice Area: Corporate & Commercial, Government & Regulatory
Authors:
Akhoury Winnie Shekhar
Ashwin Krishnan
In June 2017, the Securities and Exchange Board of India ('SEBI') constituted a committee on corporate governance under the chairmanship of Mr. Uday Kotak, to improve standards of corporate governance of listed entities in India (the 'Kotak Committee'). The Kotak Committee submitted its report on October 5, 2017, detailing several recommendations (the 'Kotak Committee Recommendations'). Thereafter, SEBI invited public comments to the Kotak Committee Recommendations, which were subsequently considered by the board of directors of SEBI (the 'Board') in its meeting on March 28, 2018.
