The monitoring agencies can be accounting firms, management consultancy or any other professional organisation, chartered accountants, company secretaries, or accountants.
"Where the Commission is of the opinion that the implementation of its orders passed under Section 31 or Section 48A or Section 48B or any other provisions of the Act and regulations made thereunder, needs monitoring, it may appoint agencies as to oversee such implementation, on such terms and conditions deemed fit by the Commission," as per the new Regulations released on Tuesday.
Section 48A and 48B relate to commitment and settlement, respectively. Section 31 refers to orders on M&As.
This story is from the September 19, 2024 edition of Business Standard.
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This story is from the September 19, 2024 edition of Business Standard.
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