The New Corporate Governance guidelines of SEBI is applicable to all Companies listed in stock exchange from 1st October 2014
Definitely the new requirement is difficult for compliance . Due to this many corporate had represented to SEBI to relax the guidelines and to extend the applicability of some portion of clause 49 of the listing agreement
In this new governance guideless SEBI has tried its best to align the requirement with the provision of the newly enacted Companies Act 2013
1. Applicable to all companies listed in stock exchange from 1st october 2014
2. Will not be applicable for the time being to Companies which are listed exclusively in SME and SME – ITP platform
3. It will also not be applicable for the time being to companies whose aid up capital not exceed 10 crores and net worth not exceed 25 crores
4. Requirement of women director – date extended to 1st April 2015 for all type of companies
http://www.sebi.gov.in/cms/sebi_data/attachdocs/1410777212906.pdf
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