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FINANCIAL MANAGEMENT Essay Example | Topics and Well Written Essays - 1500 words


The broad membership of the panel includes people from investor community, law practitioners in the city and people from business houses. The panel became a statuary body in May-06, thereby giving it the power to enforce its rules and lows in compliance of the code. The code of the panel is also included in the part 28 of the Companies Act 2006. It is the overall responsibility of the panel towards policy making, financing and administrating functions or the Panel and its code. The two committees of Panel include the Hearing Committee and the Code Committee. It also has a Panel Executive that carries out the daily work of the Panel and is creditworthy of general administration. The Panel operates with 6 general principles, 38 rules and 4 fundamental objectives which include equal and fair treatment for shareholders, availability of information to the shareholders in proper and timely manner, restoring fair markets and preventing frustration action against any of them. B.

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