completing the selling share process, Akkrawat’s power plant business will no longer be a subsidiary of the Company. However, the mentioned transaction is considered as an acquisition and disposal of assets of
undertaking as well as to protect investors? best interest.?The four key areas are:?1. Provisions on Stock Exchange: The proposed revisions include (1) granting the power to approve the rules on securities
share- holders (through what is known as 'tunnelling' 3 ), or misrepresenting an individual company's financial statements (of particular concern where the company is under pressure to meet expectations
our promotion of overseas investments, strengthened enforcement on insider trading, share manipulation, executive misconducts, accounting frauds, false documentation of securities issuance and offering
will get all five seats, as s/he will always outvote the minority share- holder by 80:20. cumulative voting would allow the minority shareholder to cast all his/her votes (five times 20 percent) for one
granted by the SEC Board or the Minister of Finance. Statutory Power The SEC has powers and authorities under the SEC Act to regulate all aspects of the securities market. These include powers to grant or
appointed within 60 days. Members of the Board who retire upon the expiration of the term of office may be re-appointed for another term. The SEC Board has the power to appoint the Audit Committee, ad hoc sub
possible limit of individual freedom, regulation is essential to uphold market credibility and orderliness. Yet, the regulator’s exercising of power must be prudent, fair and only as necessary to protect the
possible limit of individual freedom, regulation is essential to uphold market credibility and orderliness. Yet, the regulator’s exercising of power must be prudent, fair and only as necessary to protect the
that allows for check and balance of management power so as to prevent the issue of conflict of interests from arising. Such mechanism is the requirement that there must be independent directors, audit