Moneylife - Linkedin Moneylife - Facebook Moneylife - Twitter Moneylife - Youtube Moneylife Rss feed
close

Moneylife » Life » Public Interest » Corporate governance: No fancy food or gifts during AGMs

Corporate governance: No fancy food or gifts during AGMs

    • Nagesh Kinifca
    • Vikas Gupta
    • 2 comments

Moneylife Digital Team | 25/08/2011 01:01 PM | 

Ministry of corporate affairs feels that freebies divert attention

If you are a shareholder, and look forward to annual general meetings (AGMs) for the goodies and the food, the good days may soon come to an end. The ministry of corporate affairs has posted a circular on its website, asking for feedback on a proposed ban on distribution of gifts at AGMs of companies.

After receiving representations, the government has realised that gifts are often used to divert the attention of shareholders from the main purpose of the AGM. In addition to that, “shareholders are kept busy collecting gifts, gift coupons and packets of snacks during the progress of the meeting, while corporates manage to pass certain resolutions without any debate on the same.” Hence, the proposed...


To continue reading this article, you must be a Premium subscriber...

Premium Content

Monthly Digital Access

Already A Subscriber?



  • Moneylife Magazine issues launched during the month
  • Archives from 2006
  • Automatic membership of Moneylife.in to help you access the site, comment, create alerts
  • Daily and weekly newsletters for news and views with a difference in your mailbox
  • Automatic membership of Moneylife Foundation
  • Automatic basic membership of Moneylife Smart Savers, our upcoming initiative
  • Details of our initiatives, local events, deals & discounts

Yearly Digital+Print Access

Already A Subscriber?



  • Print magazine copies
  • Digital access to archives from 2006
  • Automatic membership of Moneylife.in to help you access the site, comment, create alerts
  • Daily and weekly newsletters for news and views with a difference in your mailbox
  • Automatic membership of Moneylife Foundation
  • Automatic basic membership of Moneylife Smart Savers, our upcoming initiative
  • Details of our initiatives, local events, deals & discounts

Rs99

Rs 780

Rs 1560

Rs 2340

Moneylife Magazine
Daily Newsletter

1,00,000 Readers

Follow Moneylife
DNL facebook icon DNL linked in icon DNL twitter icon DNL youtube icon DNL rss icon

What's your say?

How do you rate the first budget of Modi Government?
Good
Bad
So-so
 
Enter Code : secure code
    change code
VOTE

What you said

What should be the income tax exemption limit?

Thanks for casting your votes! View Previous Polls