BALANCE-SHEETS TO FEATURE ONLY TOP 50 EMPLOYEES
Article Abstract:
The department of company affairs has declared that disclosures related to employees in a company's balance sheet can be limited to the top 50 employees instead of the top 500 salary grossers. These disclosures are about gross emoluments, nature of employment, duties, qualification and experience of the employee, date of joining, last employment held and percentage of equity shares held in the company. Companies had been requesting for a reduction on the grounds that furnishing the details of 500 employees was too cumbersome and of little relevance to shareholders. (khr)
Comment:
The department of company affairs has declared that disclosures related to employees in a company's balance sheet can be limited to the top 50 employees instead of the top 500 salary grossers.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
TOUGH NORMS MAY TAKE LUSTRE OUT OF BUYBACK OPTION
Article Abstract:
The buyback option introduced by the government can now be availed only by a few cash-rich companies as the Department of Company Affairs (DCA) has introduced several stringent norms over and above those contained in the Companies Bill, 1997. The DCA has stipulated that the share buyback could be effected only through the flotation of a public issue and a gap of 24 months has been provided between two consecutive issues of buyback. The Department has also debarred all past defaulters and has called for a tight debt equity ratio. (gsh)
Comment:
India: Buyback option introduced by government can now be availed only by a few cash-rich companies
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: RBI TAKES THE EXPORT ROUTE TO BOOST Re ONLY A FEW INVESTORS TAKE AUTO FDI ROUTE. FIPB CLEARS Rs570-CR PROPOSALS
- Abstracts: A-I TO SELL TWO OLDER 747s TO GENERATE $21 M IA KICK-STARTS MASSIVE REFURBISHMENT OF AIRCRAFT. MAHARAJA TIGHTENS BELT, PLANS 40% WAGE CUT
- Abstracts: LIC DECLARES HIGHER BONUS FOR ENDOWMENT POLICIES. DUTCH INSURER AEGON SCOUTS FOR JV PARTNERS IN INDIA
- Abstracts: INDIAN CORPORATE MAJORS GEAR UP TO TAP EURO BOND MARKET INDIA TOPS MORGAN EMERGING MARKET LIST
- Abstracts: NEWSPRINT PRICES TO REMAIN UNDER PRESSURE, SAYS CRISIL. TNPL PLANS TO GO IN FOR BUYBACK TNPL TO GIVE TECHNICAL AID FOR EGYPTIAN PROJECT