Manag., July-2016-Q49
- Option : B
- Explanation : Kumar Mangalam Birla Committee on Corporate Governance
The Securities and Exchange Board of India (SEBI) formed a committee in 1999 to promote and raise the standard of corporate governance in listed companies in India, Mr. KM Birla headed this committee and it is known by his name. SEBI accepted the recommendations of this committee in January 2000 and to implement them, a new clause - Clause 49 - was inserted into the listing agreement for new companies.
