{"id":606098,"date":"2023-09-23T15:50:49","date_gmt":"2023-09-23T10:20:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=606098"},"modified":"2023-09-23T15:50:49","modified_gmt":"2023-09-23T10:20:49","slug":"adani-enterprises-adani-energy-amend-articles-of-association","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-enterprises-adani-energy-amend-articles-of-association\/","title":{"rendered":"Adani Enterprises, Adani Energy amend articles of association"},"content":{"rendered":"<p>Adani Enterprises and Adani Energy Solutions (formerly Adani Transmission) on Friday made amendments to their articles of association to allow their bond trustees to nominate a director on their boards.<\/p>\n<p>&#8220;Subject to the provisions of the Act, whenever the debenture trustee(s) nominate a person to be appointed as a director on the board of the company in exercise of its duties&#8230; The board shall appoint such person as a director,&#8221; both the companies stated in similar stock exchange filings.<\/p>\n<p>In cases where more than one debenture trustees are entitled to be appointed a director, then such trustees may jointly nominate one person to the board, the companies said.<\/p>\n<p>Debenture trustees are custodians holding debt securities on behalf of investors.<\/p>\n<p>As per the Securities and Exchange Board of India (Sebi) norms, corporate issuers of listed debt must ensure that their articles of association have a provision for debenture trustees to nominate a board director. In July, Sebi had clarified that even in cases where issuers were not structured as companies, there will be an obligation on them to appoint a nominee director.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Enterprises and Adani Energy Solutions (formerly Adani Transmission) on Friday made amendments to their articles of association to allow their bond trustees to nominate a director on their boards. &#8220;Subject to the provisions of the Act, whenever the debenture trustee(s) nominate a person to be appointed as a director on the board of the company in exercise of its duties&#8230; The board shall appoint such person as a director,&#8221; both the companies stated in similar stock exchange filings. In cases where more than one debenture trustees are entitled to be appointed a director, then such trustees may jointly nominate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-606098","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/606098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=606098"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/606098\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=606098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=606098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=606098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}