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Country Law Minimum worker representation Minimum number of employees at which law applies Notes Austria (private companies) Labour Constitution Act 1975 [8]: 33.3%: 300: One-third of the supervisory board from 300 employees in private companies; no employee threshold for public limited companies.
BRBNM supplies a major portion of bank note requirement in the country with the remaining requirements met through Security Printing & Minting Corporation of India Limited (SPMCIL), a statutory body wholly owned by Government of India. [1] BRBNMPL has two presses in Mysuru and Salboni. [2] [3] The present capacity for both the presses is 16 ...
Apart from the four functional directors, three directors are Government nominee directors, and the end-user representatives consisting of Reserve Bank of India, Ministry of External Affairs, and Department of Post, each one of them, has one nominee as Director. Additionally, two independent directors are nominated by the Ministry of Finance.
Section 22 states that only the RBI has the exclusive rights to issue currency notes in India. Section 24 states that the maximum denomination a note can be is ₹ 10,000 (US$120). Section 26 of Act describes the legal tender character of Indian bank notes. Section 28 allows the RBI to form rules regarding the exchange of damaged and imperfect ...
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Center for Interfaith Relations Board of Directors meeting. A board of directors is an executive committee that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's ...
Banks Board Bureau (BBB) (now replaced by Financial Services Institution Bureau since 2022) was an autonomous body of the Government of India [1] tasked to search and select appropriate personages for the Board of Public Sector Banks, Public Sector Financial Institutions, and Public Sector Insurance Companies and recommend measures to improve Corporate Governance in these Institutions.
By Circular dated 8 April 2008, the Securities and Exchange Board of India amended Clause 49 of the Listing Agreement to extent the 50% independent directors rule to all Boards of Directors where the Non-Executive Chairman is a promoter of the Company or related to the promoters of the company.