The explosive crisis is a defining test for India Inc and corporate governance. The government can soften the national and international fallout only by investigating the Gautam Adani affair thoroughly and with extensive public disclosure.
The Supreme Court bench led by Chief Justice NV Ramana took up the plea. Solicitor General of India Tushar Mehta appeared and informed Court that it was consented to, by NDTV that the same be taken up next week, Friday. Court then said that in that case, coercive steps may not be taken against the Roy's.
The Securities and Exchange Board of India has overhauled the norms regarding the appointment, removal, and remuneration of independent directors. However, the new proposals need accurate supervising.
SEBI has suggested amendments in ICDR to streamline the role and accountability of promoters and bring Indian law in line with international standards.
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, if cleared by the parliament, will impose a blanket ban on the transaction of cryptocurrency by corporations and individuals. The bill is likely to be placed before the ongoing budget session of the Parliament.