Current Affairs

Vakrangee Appointed Ramesh Joshi as the Non-Executive Chairman

Current context: Vakrangee Limited has appointed EX-RBI & EX-SEBI ED Ramesh Joshi as the Non-Executive Chairman of the company.
Vakrangee Appointed Ramesh Joshi as the Non-Executive Chairman

  • The Vakrangee Limited also Re-designated Dinesh Nandwana, Executive Chairman as the Managing Director and Group CEO in place of Anil Khanna.
  • Vakrangee has complied with the said regulation of pursuing Highest standards of Corporate governance and In-Line with Kotak Committee recommendations and SEBI’s revised Listing Obligations and Disclosure Regulations (Regulation 17(1B) of SEBI LODR, 2015), well before the targeted timelines.
  • Ramesh Joshi, has held several leadership positions in the Reserve Bank of India and has been Nominee Director on behalf of RBI on the Boards of Various Banks, and retired as an Executive Director of SEBI.
  • To improve the standards of corporate governance of listed entities in India, SEBI had formed a committee on corporate governance under the Chairmanship of Uday Kotak in June 2017.
  • In May 2018, SEBI amended Regulation 17 of the Listing Regulations of 2015, required the top 500 listed companies to divide the positions of chairman and MD or CEO of the company.
  • And further ensure that as per the definition of the term relative defined under the Companies Act, 2013, the chairperson of the board of such listed entity shall be a non-executive director and not be related to the managing director or the chief executive officer.

Question: 

Q.1 Who has been recently appointed as the Non-Executive Chairman of Vakrangee Limited?
a. Dinesh Nandwana
b. Anil Khanna
c. Ramesh Joshi
d. Shweta Swarup
Vakrangee Appointed Ramesh Joshi as the Non-Executive Chairman Vakrangee Appointed Ramesh Joshi as the Non-Executive Chairman Reviewed by Neha Verma on January 28, 2020 Rating: 5

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