Action after probe finds governance, financial lapses; no misappropriation of funds, asserts Thapar.
Gautam Thapar, chairman of CG Power and Industrial Solutions, was removed from the post with immediate effect by the company’s board after an investigation by a legal firm found governance and financial lapses at the company.
Citing the current situation and recent developments, the CG Power Board of Directors, through a circular resolution passed by majority consent on Thursday, resolved to remove Mr. Thapar with immediate effect.
“This decision has been taken in the interests of the company and its stakeholders in discharge of the fiduciary responsibilities of the board,” CG Power said in a filing with the exchanges.
Denne historien er fra August 30, 2019-utgaven av The Hindu Mumbai.
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Denne historien er fra August 30, 2019-utgaven av The Hindu Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Cong., NCP Suffer Another Jolt As Two Leaders Switch Loyalty To BJP
Harshavardhan Patil, Ganesh Naik will get the space they deserve: BJP State chief
CM Flags Off Metro Line 1 In Navi Mumbai
Trial run may take place in December-end or January
BMC Finally Finds Contractors To Reconstruct Seven Bridges
In last meeting before polls, standing committee clears proposals in 45 minutes
Harshavardhan Slandering NCP: Ajit Pawar
He also rebukes Raj Thackeray for his silence following ED questioning
Dabolim Airport To Shut For Runway Repair
Maintenance will be done every Saturday for six hours from November 2
Cow Important To The Rural Economy, Says PM
Modi says it is unfortunate that some people are critical of the government’s policies to protect the animal
Gujarat Govt. Prefers Lenient Approach, Reduces Fines Under MV Act
Amounts under Central law are only upper limits, penalty collection not our objective, says Rupani
Govt. Looks At Disaster Management Tool
State to take the help of U.S. agency; flood damage crosses 14,000 cr. in a decade in MMR alone
Aarey: City Vests Hope In Bombay HC
Won’t demand reopening of Tree Authority proposal, say absent members
3 Years On, Accident Victim's Kin To Get ₹12 Lakh As Compensation
Mantralaya official’s vehicle hit the pedestrian near CSMT, finds motor tribunal
