Independent director means a person other than an executive officer or employee of the company or any other individual having a relationship which, in the opinion of the issuer's board of directors would interfere with the exercise of independent judgment
For a Company, there is very thin line between Members and Shareholders. Often they are used interchangeable, but they have various differences.
The concept of Insider Trading in India started fermenting in the 80’s and 90’s and came to be known and observed extensively in the Indian Securities market.
In this Audio discussion, we will discuss two case laws, BOI Finance Ltd vs. Custodian & ors and Bhagwati Developers Pvt Ltd vs. Peerless General Finance & Investment Company Limited and Anr: