Seminar on “Recent Amendments under Companies Act, SEBI (LODR), SBO, Governance Culture and Ease of Doing Business”

by Suman Gupta

The IMC Chamber of Commerce and Industry in association with BSE, Institute of Company Secretaries of India (ICSI) and Institute of Chartered Accounts of India’s Western Region organized a Seminar in BSE on Saturday, November 30, 2019 to discuss recent amendments to the Company’s Act which was given assent by the President of India on July 31 2019.  The background material was prepared by Manoyog GRC Advisors. The day-long discussions focused on the provisions concerning Independent Directors, Board Constitution, General Meetings, recent notification on Related Party transactions, audit committees, CSR, investor education and protection fund, Significant Beneficial ownership factors driving corporate governance, etc.  Delivering inaugural address, Mr. G.N. Bajpai, former Chairman of SEBI and LIC, highlighted the role of SEBI in ensuring good governance, investors’ protection and of a watchdog.  Mr. Ashish Chauhan, MD & CEO of BSE spoke on importance of compliance and transparency. In the sessions that followed, expert interlocutors provided insight into various amendments including technical and procedural aspects and case studies to bring in clarity to the audience which included practicing professionals.  

About IMC: Set up in 1907, IMC is an apex Chamber of trade & commerce with headquarter in Mumbai. It has about 2700 direct members, comprising a cross section of the business community, including public and private limited companies and over 215 trade and industry associations through which the Chamber reaches out to over 2,50,000 business establishments in the country. IMC is the first Chamber in India to get ISO 9002-2000 certification which has since been upgraded to ISO 9001: 2008. IMC is the only business Chamber in India where, the Father of the Nation, Mahatma Gandhi, was associated as an honorary member.